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45 Blue-Chip Stocks Increasing Dividends in Q3 2013

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Companies Increasing DividendsLet the good times roll!

Despite a post-FOMC-rally hangover, the S&P 500 has notched gains around 5% in the past three months, meaning the ubiquitous blue-chip index has fattened up by 18% or so since Baby New Year graced us Jan. 1, 2013.

But that’s not the only good news for blue-chip stocks, or the investors that are elbow-deep in them.

In the past quarter, we saw a bevy of dividend increases from some of the most hallowed names on Wall Street, including three Dow Jones Industrial Average components and five Dependable Dividend Stocks — companies that have sweetened the dividend honey pot for at least 25 consecutive years.

As a kicker, a number of companies announced bigger dividends just before the end-of-quarter bell and have yet to go ex-dividend — in fact, investors still can get into 15 of these stocks before they pay out at the new higher rate.

If you’re looking to build a portfolio of income-producing stocks, note that not every stock on this list is a guaranteed winner. But it’ll at least lead you to the companies that are still able to keep the pedal down on their quarterly payouts, which is a great place to start.

So, here’s a look at 45 of Wall Street’s biggest companies that increased their dividends during the past three months, including the new payout, the percentage increase, yield based on the end-of-quarter stock price, and payment and record dates:

Accenture (ACN)*
New Payout % increase Yield as of 9/30 Payment Date Record date
$0.93/share** 14.8% 2.53% Nov. 15 Oct. 8
* Goes ex-dividend Oct. 4 ** Semi-annual payout

Accenture’s (ACN) 12-cent hike was just part of a big cash spend for the tech services and consulting firm. ACN also announced that it would tack another $5 billion onto its current buyback program, bringing its total authority to about $7 billion.

Agrium (AGU)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.75/share 50% 3.57% Oct. 17 Sept. 30
Altria (MO)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.48/share 9.1% 5.59% Oct. 10 Sept. 16
American International Group (AIG)^
new payout % increase Yield as of 9/30 payment date record date
$0.10/share N/A 0.82% Sept. 26 Sept. 12
^ Resumed payouts; last paid dividends in 2008

Global insurance company American International Group (AIG) took another big step in its recovery from the financial crisis, announcing it would resume paying dividends for the first time since 2008. Meanwhile, AIG has reported big profit beats in its first two earnings reports of the year, helping to drive the stock up roughly 40% so far in 2013.

Anadarko Petroleum (APC)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.18/share 100% 0.77% Sept. 25 Sept. 11

Anadarko Petroleum (APC) — an oil and gas exploration company that’s well-positioned in the Marcellus shale — puffed out its chest, announcing it would double its dividend starting with its September payout. The generous gesture comes amid a year in which Anadarko’s Gulf of Mexico projects keep delivering positive surprises.

Bank of Nova Scotia (BNS)
New payout % Increase Yield as of 9/30 Payment date Record date
$0.62/share 3.3% 4.2% Oct. 29 Oct. 1

Some of the best yields in financial stocks can actually be found north of the border, in Canadian banks. Bank of Nova Scotia (BNS) announced a slight uptick in its dividend, helping to keep its yield north of 4%. Sectormate Royal Bank of Canada (RY) joined in this quarter and also yields above 4%.

Campbell Soup (CPB)*
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.312/share 7.6% 3.1% Oct. 28 Oct. 8
* Goes ex-dividend Oct. 4

Article printed from InvestorPlace Media,

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