GPS Stocks the Shelf: 14 Companies Increasing Dividends

by Marc Bastow | August 23, 2013 4:58 pm

A fairly active week for earnings releases brought more dividend increase announcements, including two from the retailing sector in Dillard’s (DDS[1]) and Gap (GPS[2]), and two big names in the restaurant industry in Bob Evans (BOBE[3]) and Brinker (EAT[4]), who runs Chili’s and Maggiano’s restaurants.

[5]In all 14 companies made it onto our Companies Increasing Dividends[6] list for this week (Note: All dividend yields as of August 23.)

Altria Group (MO[7]), 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[8]) 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[9]) 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[4]) 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[10]) 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[11]) 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[1]) 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[2]) 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[12]) 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[13]) 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[14]) 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[15]) 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[16]) 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[17]) 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[18].

Source URL: https://investorplace.com/2013/08/dividend-increases-week-of-august-21/

---