50 Blue-Chip Stocks Increasing Dividends in Q2 2013

These big names now feature even bigger quarterly payouts

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FedEx (FDX)
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.15/share 7% 0.61% July 1 June 17
Fifth Third Bancorp (FITB)
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.12/share 9% 2.66% July 18 June 28
Hartford Financial Services (HIG)*
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.15/share 50% 1.94% Oct. 1 TBA
* Ex-dividend date yet to be announced

Hartford Financial Services (HIG) was another big winner from the first half. HIG shares roughly tripled the S&P 500 with 38% gains, the company bumped up its share repurchase program from $500 million to $1.25 billion and Hartford gave its dividend a 50% kick in the pants. The big cash spends were made possible as HIG sold off a number of its arms to free up capital and focus more on its core property-casualty insurance business.

International Business Machines (IBM)
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.95/share 12% 1.99% June 10 May 10
Invesco (IVZ)
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.225/share 30% 2.83% June 17 May 17
Kinder Morgan Inc. (KMI)
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.38/share 2.7% 3.98% May 16 April 29
Macy’s (M)
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.25/share 25% 2.08% July 1 June 14
Medtronic (MDT)*
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.28/share 8% 2.18% July 26 July 5
* Goes ex-dividend July 2
National-Oilwell Varco (NOV)
New Payout % Increase Yield as of 6/30 Payment date Record date
$0.26/share 100% 1.51% June 28 June 14

In May, energy equipment provider National-Oilwell Varco (NOV) announced the biggest increase to its dividend since initiating the quarterly payout back in 2010, crediting its strengthening cash flow over the past few years.

NetApp (NTAP)*
New Payout % Increase Yield as of 6/30 Payment date Record date
$0.15/share N/A^ 1.59% July 23 July 11
* Goes ex-dividend July 9, ^ First dividend

The May announcement that NetApp (NTAP) would initiate a dividend and boost its stock buyback program was somewhat bittersweet, as it came alongside fiscal Q4 earnings that fell 4%, weaker-than-expected current-quarter sales estimates and news that it would cut about 900 of its roughly 13,000 employees.

NiSource (NI)*
New Payout % Increase Yield as of 6/30 Payment date Record date
$0.25/share 4.2% 3.49% Aug. 20 July 31
* Goes ex-dividend July 29
Northrop Grumman (NOC)
New Payout % Increase Yield as of 6/30 Payment date Record date
$0.61/share 10.9% 2.95% June 12 May 23
Oracle (ORCL)*
New Payout % Increase Yield as of 6/30 Payment date Record date
$0.12/share 100% 1.56% Aug. 2 July 12
* Goes ex-dividend July 10

Oracle (ORCL) tried to add a silver lining to its second ugly earnings report of 2013. Following up a fiscal Q3 announcement in which earnings fell short of expectations, leading investors to hammer shares, Oracle recorded a Q4 revenue miss that again spooked Wall Street. YTD, Oracle stock has dropped off nearly 8%.

PepsiCo (PEP)
New Payout % Increase Yield as of 6/30 Payment date Record date
$0.5675/share 6% 2.78% June 28 June 7
PNC Financial Services (PNC)
New Payout % Increase Yield as of 6/30 Payment date Record date
$0.44/share 10% 2.41% May 5 April 16

Article printed from InvestorPlace Media, http://investorplace.com/2013/07/50-blue-chip-stocks-increasing-dividends-in-q2-2013/.

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