Oracle Rewards Investors: 9 Companies Increasing Dividends

by Marc Bastow | June 21, 2013 3:20 pm

[1]Another solid week of dividend increases helped take some of the sting out of a week of market losses. Enterprise software leader Oracle (ORCL[2]) led the charge, doubling its dividend despite a weak earnings report, while several financial institutions and a real estate investment trust came through for investors.

In all, nine companies made it onto our list of Companies Increasing Dividends[3] for the week of June 10. (Note: Dividend yields are as of June 21.)

Restaurant operator Darden Restaurants (DRI[4]) — the parent of Red Lobster, LongHorn Steakhouse and Olive Garden — raised its quarterly dividend 10% to 55 cents per share, payable Aug. 1 to shareholders of record as of July 10.
DRI Dividend Yield: 4.44%

Diversified financial company Fifth Third Bancorp (FITB[5]) raised its quarterly dividend 9% to 12 cents per share, payable July 18 to shareholders of record as of June 28.
FITB Dividend Yield: 2.74%

Online retail and banking services company First Internet Bancorp (INBK[6]) raised its quarterly dividend 50% to 6 cents per share, payable July 15 to shareholders of record as of July 1.
INBK Dividend Yield: 0.8%

Closed-end investment firm Kayne Anderson MLP Investment Co. (KYN[7]) raised it quarterly distribution 2.7% to 58 cents per share, payable July 12 to shareholders of record as of July 5.
KYN Dividend Yield: 6.38%

Medical technology company Medtronic (MDT[8]) raised its quarterly dividend 8% to 28 cents per share, payable July 26 to shareholders of record as of July 5. This is the 36th consecutive year MDT has increased its dividend payment.
MDT Dividend Yield: 2.15%

Enterprise software giant Oracle (ORCL[2]) doubled its quarterly dividend to 12 cents per share, payable Aug. 2 to shareholders of record as of July 12.
ORCL Dividend Yield: 1.57%

RAIT Financial Trust (RAS[9]), a commercial real estate mortgage REIT, raised its quarterly dividend 8% to 13 cents per share, payable July 31 to shareholders of record on July 12.
RAS Dividend Yield: 7%

Free-standing retail REIT Realty Income (O[10]) raised its monthly dividend 0.1% to 18.154 cents per share, payable July 15 to shareholders of record as of July 1. This is the Realty Income’s 72nd consecutive monthly increase.
O Dividend Yield: 4.76%

Financial services and bank holding company U.S. Bancorp (USB[11]) increased its quarterly dividend 18% to 23 cents per share, payable July 15 to shareholders of record as of June 28.
USB Dividend Yield: 2.61%

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[3].

Source URL: https://investorplace.com/2013/06/oracle-rewards-investors-9-companies-increasing-dividends-june-17-21-orcl-dri-usb/

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