45 Blue-Chip Stocks Increasing Dividends in Q3 2013

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45 Blue-Chip Stocks Increasing Dividends in Q3 2013
ConocoPhillips (COP)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.69/share 4.5% 3.97% Sept. 3 July 22
Cummins (CMI)
new payout % Increase Yield as of 9/30 Payment Date Record Date
$0.625/share 25% 1.88% Sept. 3 Aug. 22
Dover (DOV)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.375/share 7% 1.68% Sept. 16 Aug. 30

There’s nothing sexy about Dover (DOV), a diversified manufacturer whose various subsidiaries churn out products such as hearing instruments, fluid systems and stencil coating technology. The bump to its dividend wasn’t thrilling either, at just 7%, and its yield — just 1.7% — isn’t much to crow over either. However, with this payout, DOV is sitting on 58 consecutive years of dividend payouts, making it a beacon of income stability. Dover’s market-beating 37% gains YTD aren’t unappealing, either.

Franklin Resources (BEN)
new payout % Increase Yield as of 9/30 Payment Date Record Date
$0.10/share 3% 0.79% Oct. 11 Sept. 30
Gap (GPS)*
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.20/share 33% 1.99% Oct. 30 Oct. 16
* Goes ex-dividend Oct. 11
Harris Corp. (HRS)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.42/share 13.5% 2.83% Sept. 24 Sept. 10
Hershey (HSY)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.485/share 15% 2.10% Sept. 13 Aug. 23
Hess (HES)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.25/share 150% 1.29% Sept. 30 Sept. 16

Hess (HES) announced big changes earlier this year, saying that it was ditching the oil refining business. Well, that transition into a “pure play exploration and production company,” according to CEO John Hess, also means Hess shareholders get to raid the register — in the third quarter, HES juiced its quarterly payout from 10 cents per share to 25 cents, effective at the end of September.

Host Hotels and Resorts (HST)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.12/share 9% 2.72% Oct. 15 Sept. 30
International Game Technology (IGT)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.10/share 11% 2.11% Oct. 4 Sept. 19

International Game Technology (IGT) — which produces electronic games for things such as poker, bingo and even virtual racing — has been a dividend darling this year, improving its payout for three consecutive quarters. Penny hikes in Q1, Q2 and now Q3 have brought IGT’s payout up from 7 cents at the end of 2012 to 10 cents currently — a 43% improvement so far in 2013. Meanwhile, IGT stock is up 34% year-to-date, though it got hit hard Sept. 27 on a Deutsche Bank downgrade.

Intuit (INTU)*
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.19/share 12% 1.15% Oct. 18 Oct. 10
* Goes ex-dividend Oct. 8
J.M. Smucker (SJM)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.58/share 12% 2.21% Sept. 3 Aug. 16
Kellogg (K)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.46/share 5% 3.13% Sept. 26 Sept. 3
Kinder Morgan Inc. (KMI)
New Payout % Increase Yield as of 9/30 Payment Date Record Date
$0.40/share 5% 4.50% Aug. 15 July 31

Article printed from InvestorPlace Media, http://investorplace.com/2013/10/45-blue-chip-stocks-increasing-dividends-in-q3-2013/.

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