by Marc Bastow | September 6, 2013 2:07 pm
A Labor Day-shortened week led to a shortage of companies moving ahead with dividend increases. However, for the week of September 3, it was more about the quality of the names rather than the quantity.
[1]Heading the list was Verizon (VZ[2]) who made a big splash early in the week in announcing it will buy its remaining 45% stake[3] in Verizon Wireless from Vodafone (VOD[4]). Oil, gas and energy provider Hess (HES[5]) also jumped into the dividend fray with a large increase to satisfy shareholders.
In all, 4 companies made it onto our Companies Increasing Dividends[6] list for the week. (Note: All yields are as of September 6.)
Financial holding company Evans Bancorp (EVBN[7]) raised its quarterly dividend 8% to 26 cents per share, payable on Oct. 9 to shareholders of record as of Sept. 18.
EVBN Dividend Yield: 2.68%
Integrated energy company Hess (HES[5]) raised its quarterly dividend 150% to 25 cents per share, payable on Sept. 30 to shareholder of record as of Sept. 16, with an ex-dividend date of September 12.
HES Dividend Yield: 1.29%
Shopping center properties real estate investment trust Ramco-Gershenson (RPT[8]) raised its quarterly dividend 12% to 18.75 cents per share, payable on Oct. 1 to shareholders of record as of Sept. 20.
RPT Dividend Yield: 5.12%
Industrial company Trinity Industries (TRN[9]) raised its quarterly dividend15% to 15 cents per share, payable on Oct. 31 to shareholders of record as of Oct. 15.
TRN Dividend Yield: 1.38%
Telecommunications giant Verizon (VZ[2]) raised its quarterly dividend 2.9% to 53 cents per share, payable on Nov. 1 to shareholders of record as of Oct. 10.
VZ Dividend Yield: 4.56%
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he is long VZ. For more payout winners, see previous weeks’ lists of Companies Increasing Dividends[10].
Dividend Stocks[11]
Source URL: https://investorplace.com/2013/09/dividend-increases-week-of-september-10-vod-vz-hes-evbn-rpt/
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