14 Companies Increasing Dividends

by Marc Bastow | April 19, 2013 2:12 pm

With earnings season now in high gear, more companies are supplementing their quarterly reports with increases in their dividend payouts to investors.

[1]Leading the pack this week were financial services company American Express (NYSE:AXP[2]), and dividend king Procter & Gamble (NYSE:PG[3]) who added another year of dividend increases to its 55-year streak. The week also saw increases across several oil and gas master limited partnerships and regional financial institutions.

In all, 14 companies made it onto our Companies Increasing Dividends[4] list this week. (Note: Dividend yields are as of April 19).

Financial services giant American Express (NYSE:AXP[2]) raised its dividend 15% to 23 cents per share beginning in the second quarter. No formal payout or ex-dividend date was announced.
AXP Dividend Yield: 1.37%

Water heating equipment manufacturer A.O. Smith (NYSE:AOS[5]) raised its quarterly dividend 20% to 24 cents per share, payable May 14 to shareholders of record on April 29. The increase represents AOS’s 8th consecutive annual increase. The company also announced a 2-for-1 stock split effective April 30.
AOS Dividend Yield: 1.38%

Risk manager and insurance provider AON (NYSE:AON[6]) raised its quarterly dividend 11% to 17.5 cents per share, payable May 15 to shareholders of record on May 1.
AON Dividend Yield: 1.16%

Bank financial holding company Cardinal Financial (NASDAQ:CFNL[7]) raised its quarterly dividend 20% to 6 cents per share, payable May 17 to shareholders of record on May 2.
CFNL Dividend Yield: 1.54%

Interstate natural gas transmission company El Paso Pipeline Partners (NYSE:EPB[8]) raised its quarterly dividend 22% to 62 cents per share, payable May 15 to unit holders of record on April 29. The increase is the 20th consecutive quarterly increase.
EPB Dividend Yield: 5.65%

Full service bank and wealth management firm First Republic Bank (NYSE:FRC[9]) raised its quarterly dividend 20% to 12 cents per share, payable May 15 to shareholders of record on May 1.
FRC Dividend Yield: 1.3%

Energy transportation and storage provide Kinder Morgan, Inc. (NYSE:KMI[10]) raised its quarterly dividend 18.75% to 38 cents per share, payable on May 16 to shareholders of record on April 29.
KMI Dividend Yield: 3.93%

Protective coatings and specialty products company PPG (NYSE:PPG[11]) raised its quarterly dividend 3% to 61 cents per share, payable June 12 to shareholders of record on May 1.
PPG Dividend Yield: 1.73%

Global consumer brand products supplier Procter & Gamble (NYSE:PG[3]) raised its dividend 7.7% to 60.15 cents per share, payable May 15 to stockholders of record on April 26, with an ex-dividend date of April 24. The increase is the 56th consecutive year in which PG raised its annual dividend.
PG Dividend Yield: 2.96%

Mid-Atlantic based financial bank holding company Susquehanna Bancshares (NASDAQ:SUSQ[12]) raised is quarterly dividend 14% to 8 cents per share, payable on May 20, 2013 to shareholders of record on April 30. The increase is the 6th consecutive quarterly rise.
SUSQ Dividend Yield: 2.77%

Midstream energy assets developer Targa Resources (NASDAQ:TRGP[13]) raised its quarterly dividend 8% to 49.5 cents per share, payable May 16 on all outstanding common shares to holders of record on April 29.
TRGP Dividend Yield: 2.94%

Limited partnership energy company Targa Resources Partnership (NYSE:NGLS[14]) raised its quarterly dividend 3% to 69.75 cents per share, paybale May 15 on all outstanding common units to holders of record on April 29.
NGLS Dividend Yield: 5.86%

Midstream energy and asset Master Limited Partnership company Western Gas Partnership (NYSE:WES[15]) raised its quarterly payout 4% to 54 cents per share, payable May 13 to unit holders of record on April 30.
WES Dividend Yield: 3.69%

Home appliances manufacturer Whirlpool (NYSE:WHR[16]) raised its quarterly dividend 25% to 62.5 cents per share, payable June 15 to stockholders of record on May 1.
WHR Dividend Yield: 2.17%

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he did not hold a position in any of the aforementioned securities. For more payout winners, see previous weeks’ list of Companies Increasing Dividends[4].

Source URL: https://investorplace.com/2013/04/dividend-increases-week-of-april-15-pg-axp-aon-cfnl-aos/

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