Utilities Crank Up the Income: 12 Companies Increasing Dividends

by Marc Bastow | May 24, 2013 10:33 am

Wall Street gave income investors another heaping helping of dividend increases, sparked in part by a number of energy and utility companies. All told, 12 firms made it onto our Companies Increasing Dividends[1] List this week. (Note: All dividend yields as of May 17.)

IncreasingDividends Utilities Crank Up the Income: 12 Companies Increasing Dividends[2]Water services and electricity provider American States Water (AWR[3]) raised its quarterly dividend 14% to 40.5 cents per share, payable Sept. 3 to shareholders of record as of Aug. 15.
AWR Dividend Yield: 3.01%

Helicopter services company Bristow Group (BRS[4]) raised its quarterly dividend 25% to 25 cents per share, payable June 14 to shareholders of record as of May 31.
BRS Dividend Yield: 1.53%

Filtration systems and parts manufacturer Donaldson (DCI[5]) raised its quarterly dividend 30% to 13 cents per share, payable June 21 to shareholders of record as of June 7.
DCI Dividend Yield: 1.39%

Minneapolis-based utility Xcel Energy (XEL[6]) raised its quarterly dividend 3.7% to 28 cents per share, payable July 20 to shareholders of record as of June 20.
XEL Dividend Yield: 3.78%

Bakery products producer and distributor Flowers Foods (FLO[7]) raised its quarterly dividend 5.5% to 11.25 cents per share, payable June 19 to shareholders of record as of June 5. FLO also approved a 3-for-2 split effective on the same payable and ex-dividend dates.
FLO Dividend Yield: 1.29%

Lafayette, La.-based bank holding company MidSouth Bancorp (MSL[8]) raised its quarterly dividend 14% to 8 cents per share, payable July 1 to shareholders of record as of June 15.
MSL Dividend Yield: 2.18%

Oil and gas drilling components manufacture National-Oilwell Varco (NOV[9]) doubled its quarterly dividend  to 26 cents per share, payable June 28 to shareholders of record as of on June 14.
NOV Dividend Yield: 1.51%

Storage systems and data management solutions provider NetApp (NTAP[10]) initiated a dividend payout of 15 cents per share, payable July 23 to shareholders of record as of July 11.
NTAP Dividend Yield: 1.64%

Portland-based electric utility Portland General (POR[11]) raised its quarterly dividend 1.8% to 27.5 cents per share, payable July 15 to shareholders of record as of June 25.
POR Dividend Yield: 3.56%

Financial holding company Umpqua Holdings (UMPQ[12]) raised its quarterly dividend 50% to 15 cents per share, payable June 14 to shareholders of record as of May 31.
UMPQ Dividend Yield: 4.44%

Insurance holding company W.R. Berkley (WRB[13]) raised its quarterly dividend 11% to 40 cents per share, payable July 2 to shareholders of record as of June 11.
WRB Dividend Yield: 0.98%

Entertainment giant Viacom (VIAB[14]) raised its quarterly dividend 11% to 30 cents per share, payable July 1 to shareholders of record as of June 14.
VIAB Dividend Yield: 1.77%

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[1].

Endnotes:
  1. Companies Increasing Dividends: http://www.investorplace.com/hot-topics/companies-increasing-dividends/
  2. [Image]: http://www.investorplace.com/hot-topics/companies-increasing-dividends/
  3. AWR: http://studio-5.financialcontent.com/investplace/quote?Symbol=AWR
  4. BRS: http://studio-5.financialcontent.com/investplace/quote?Symbol=BRS
  5. DCI: http://studio-5.financialcontent.com/investplace/quote?Symbol=DCI
  6. XEL: http://studio-5.financialcontent.com/investplace/quote?Symbol=XEL
  7. FLO: http://studio-5.financialcontent.com/investplace/quote?Symbol=FLO
  8. MSL: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSL
  9. NOV: http://studio-5.financialcontent.com/investplace/quote?Symbol=NOV
  10. NTAP: http://studio-5.financialcontent.com/investplace/quote?Symbol=NTAP
  11. POR: http://studio-5.financialcontent.com/investplace/quote?Symbol=POR
  12. UMPQ: http://studio-5.financialcontent.com/investplace/quote?Symbol=UMPQ
  13. WRB: http://studio-5.financialcontent.com/investplace/quote?Symbol=WRB
  14. VIAB: http://studio-5.financialcontent.com/investplace/quote?Symbol=VIAB

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