Smucker Sweetens the Pot: 13 Companies Increasing Dividends

by Marc Bastow | July 19, 2013 2:37 pm

While earnings releases might have grabbed the spotlight during the week, companies were also were busy with dividend news that included a number of increases.

[1]From furniture makers to jelly crafters to energy companies, firms across a spectrum of industries raised their payouts. In all, 13 companies made it onto our Companies Increasing Dividends[2] list this week. (Dividend yields as of July 19.)

Cable manufacturer and distributor Amphenol (APH[3]) raised its quarterly dividend by 90% to 20 cents per share, payable Oct. 2 to shareholders of record as of Sept. 11.
APH Dividend Yield: 1.06%

Home furnishings manufacturer and retailer Bassett Furniture (BSET[4]) raised its quarterly dividend 20% to 6 cents per share, payable Aug. 30 to shareholders of record as of Aug. 15.
BSET Dividend Yield: 1.47%

Midstream energy operator EQM Midstream Partners (EQM[5]) raised its quarterly dividend 8% to 40 cents per share, payable Aug. 14 to shareholders of record as of Aug. 5.
EQM Dividend Yield: 3.47%

Laundry, maintenance and linen services company Healthcare Services (HCSG[6]) raised its quarterly dividend 0.7% to 16.875 cents per share, payable Sept. 20 to shareholders of record as of Aug. 16. This is the company’s 40th consecutive dividend increase.
HCSG Dividend Yield: 2.72%

Energy transportation and storage operator Kinder Morgan Inc. (KMI[7]) raised its quarterly dividend 5% to 40 cents per share, payable Aug. 15 to shareholders of record as of July 31, with an ex-dividend date of July 29.
KMI Dividend Yield: 4.04%

Branded food products manufacturer J.M. Smucker (SJM[8]) raised its quarterly dividend 12% to 58 cents per share, payable Sept. 3 to shareholders of record as of Aug. 16. The increase marks the 13th consecutive year of dividend increases.
SJM Dividend Yield: 2.16%

Hotel REIT LaSalle Hotel Properties (LHO[9]) raised its quarterly dividend 40% to 28 cents per share, payable Oct. 5 to shareholders of record as of Sept. 30.
LHO Dividend Yield: 4.19%

Grand Rapids, Mich.-based bank holding company Mercantile Bank (MBWM[10]) raised its quarterly dividend 9% to 12 cents per share, payable Sept. 10 to shareholders of record as of Aug. 9.
MBWM Dividend Yield: 2.35%

Automotive retailer Penske (PAG[11]) raised its quarterly dividend 7% to 16 cents per share, payable Sept. 3 to shareholders of record as of Aug. 12.
PAG Dividend Yield: 1.94%

Midstream natural gas and natural gas liquids services provider Targa Resources Partners (NGLS[12]) raised its quarterly distribution 3% to 71.5 cents per share, payable Aug. 14 to shareholders of record as of July 29.
NGLS Dividend Yield: 5.44%

Disability insurance products provider Unum (UNM[13]) raised its quarterly dividend 12% to 14.5 cents per share, payable Aug. 16 to shareholders of record as of July 29.
UNM Dividend Yield: 1.86%

Diversified energy holding company Wisconsin Energy (WEC[14]) raised its quarterly dividend 12.5% to 38.35 cents per share, payable Sept. 1 to shareholders of record as of Aug. 14.
WEC Dividend Yield: 3.54%

Crude oil refiner Western Refining (WNR[15]) raised its quarterly dividend 50% to 18 cents per share, payable Aug. 15 to shareholders of record as of July 31.
WNR Dividend Yield: 2.60%

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’ lists of Companies Increasing Dividends[16].

Source URL: https://investorplace.com/2013/07/dividend-increases-week-of-july-15-aph-bst-eqm-hcsg-kmi/

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