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GPS Stocks the Shelf: 14 Companies Increasing Dividends

A solid week of dividend increases for income investors

   

A fairly active week for earnings releases brought more dividend increase announcements, including two from the retailing sector in Dillard’s (DDS) and Gap (GPS), and two big names in the restaurant industry in Bob Evans (BOBE) and Brinker (EAT), who runs Chili’s and Maggiano’s restaurants.

IncreasingDividends GPS Stocks the Shelf: 14 Companies Increasing DividendsIn all 14 companies made it onto our Companies Increasing Dividends list for this week (Note: All dividend yields as of August 23.)

Altria Group (MO), parent of tobacco firm Phillip Morris, raised its quarterly dividend 9.1% to 48 cents per share, payable on October 10 to shareholders of record as of September 16.
MO Dividend Yield: 5.61%

Property and casualty insurer American Financial Group (AFG) raised its quarterly dividend 12.8% to 22 cents per share, payable at a date-to-be determined in October, with no ex-dividend date provided.
AFG Dividend Yield: 1.68%

Full service restaurant company Bob Evans Farms (BOBE) raised its quarterly dividend 13% to 31 cents per share, payable on September 16 to shareholders of record as of September 3.
BOBE Dividend Yield: 2.40%

Restaurant operator Brinker International (EAT) raised its quarterly dividend 20% to 24 cents per share, payable on September 26 to shareholders of record as of September 6, with an ex-dividend date of September 4.
EAT Dividend Yield: 2.32%

Property casualty insurance provider Cincinnati Financial (CINF) raised its quarterly dividend 3.1% to 42 cents per share, payable on October 15 to shareholders of record as of September 18. The rise is the 52nd consecutive annual increase in the dividend.
CINF Dividend Yield: 3.56%

Michigan-based financial holding company Chemical Financial (CHFC) raised its quarterly dividend 4.8% to 22 cents per share, payable on September 20 to shareholders of record as of September 6.
CHFC Dividend Yield: 3.13%

Fashion and home furnishings retailer Dillard’s (DDS) raised its quarterly dividend 20% to 6 cents per share, payable on November 4 to shareholders of record as of September 30.
DDS Dividend Yield: 0.31%

Specialty apparel company Gap (GPS) raised its quarterly dividend 33% to 20 cents per share, payable on October 30 to shareholders of record as of October 16.
GPS Dividend Yield: 1.91%

Global gaming developer International Game Technology (IGT) raised its quarterly dividend 11% to 10 cents per share, payable on October 4 to shareholders of record as of September 19.
IGT Dividend Yield: 2.07%

Business and financial solutions provider Intuit (INTU) raised its quarter dividend 12% to 19 cents per share, payable on October 18 to shareholders of record as of October 10.
INTU Dividend Yield: 1.18%

Specialty food manufacturer and distributor Lancaster Colony (LANC) raised its quarterly dividend 5.2% to 40 cents per share, payable on September 30 to shareholders of record as of September 9.
LANC Dividend Yield: 2.10%

Anchorage, Alaska-based bank holding company Northrim (NRIM) raised its quarterly dividend 13% to 17 cents per share, payable on September 13 to shareholders of record as of September 5.
NRIM Dividend Yield: 2.78%

Community bank WesBanco (WSBC) raised its quarterly dividend 5.3% to 20 cents per share, payable on October 1 to shareholders of record as of September 13.
WSBC Dividend Yield: 2.65%

Energy infrastructure company Williams Companies (WMB) increased its dividend 17.2% to 36.625 cents per share, payable on September 30 to shareholders of record as of September 13.
WMS Dividend Yield: 5.68%

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.


Article printed from InvestorPlace Media, http://investorplace.com/2013/08/dividend-increases-week-of-august-21/.

©2014 InvestorPlace Media, LLC

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