The markets roared through the majority of the first half, with the Dow Jones Industrial Average and S&P 500 managing to hit record highs in May before a pullback in June.
Perhaps just as important to investors come dividends. Dividend increases are the lifeblood of millions of investors who’ve built their portfolios on the steady stream of income provided by dividend-paying companies.
Hand in hand with dividend cash flows is the belief that a company will consistently increase its dividend, putting just that much more into an investor’s pocket on a quarterly basis.
After culling through our first-half list of Companies Increasing Dividends, we’ve come up with 10 of the best dividend increases based on a percentage basis. But just before we unveil the list, kudos to three companies that initiated dividend payments during the first half:
- EMC (EMC): 10 cents per share (1.7% yield at current prices);
- NetApp (NTAP): 15 cents per share (1.6%);
- SeaWorld (SEAS): 20 cents per share (2.2%).
Without any further ado, here’s the list of the InvestorPlace’s Top 10 Companies Increasing Dividends: