Another solid week of dividend increases included some big names making moves for investors. Construction equipment manufacturing giant Caterpillar (CAT), along with retailer Target (TGT) led our list, while SeaWorld (SEAS) initiated a new dividend.
In all, 7 companies made it onto our list of Companies Increasing Dividends for the week of June 10. (Note: dividend yields are as of June 14.)
Dependable Dividend Stock C.R. Bard (BCR), a manufacturer and distributor of medical and diagnostic patient care devices, raised its quarterly dividend 5% to 21 cents per share, payable Aug. 2 to shareholders of record on July 22.
BCR Dividend Yield: 0.76%
Construction and mining equipment manufacturer Caterpillar (CAT) raised its quarterly dividend 15.4% to 60 cents per share, payable Aug. 20 to shareholders of record July 22.
CAT Dividend Yield: 2.85%
Specialty finance company CYS Investments (CYS) raised its quarterly dividend 6% to 34 cents per share, payable July 17 to shareholders of record as of June 15.
CYS Dividend Yield: 12.58%
Jet aircraft replacement parts and components maker HEICO (HEI) raised its semiannual dividend 17% to 7 cents per share, payable on July 22 to shareholders of record on July 8.
HEI Dividend Yield: 0.27%
Sorbent products manufacturer Oil-Dri (ODC) raised its quarterly dividend 6% to 19 cents per share, payable on Aug. 30 to shareholders of record as of Aug. 16.
ODC Dividend Yield: 2.77%
Theme park and entertainment company SeaWorld (SEAS) initiated a dividend plan, starting with a quarterly payout of 20 cents per share per quarter, payable July 1 for shareholders of record on June 20.
SEAS Dividend Yield: 2.13%
Discount retail giant Target (TGT) raised its quarterly dividend 19.4% to 43 cents per share, payable Sept. 10 to shareholders of record on Aug. 21.
TGT Dividend Yield: 2.49%
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.