Goldman Sachs Opens the Vault: 18 Companies Increasing Dividends

by Marc Bastow | October 18, 2013 1:58 pm

Goldman Sachs Opens the Vault: 18 Companies Increasing Dividends

IncreasingDividends Goldman Sachs Opens the Vault: 18 Companies Increasing Dividends[1]The government might have been in shutdown mode during the week of Oct. 14, but for much of Wall Street, it was still business as usual, and we saw a brisk week of dividend increases.

Helping to lead the way were a healthcare giant, one of America’s largest investment banks and a diversified energy blue chip. In all, 18 companies made it onto our Companies Increasing Dividends[2] list for the week. (Note: All yields are as of Oct. 18):

Healthcare products and pharmaceuticals manufacturer Abbott Laboratories (ABT[3]) raised its quarterly dividend 57% to 22 cents per share, payable Feb. 15, 2014, to shareholders of record as of Jan. 15. This is the 42nd consecutive annual increase in ABT’s dividend.
ABT Dividend Yield: 2.37%

Plastic compounds and resins manufacturer A. Schulman (SHLM[4]) raised its quarterly dividend 3% to 20 cents per share, payable Nov. 4 to shareholders of record as of Oct. 28.
SHLM Dividend Yield: 2.51%

Sturgeon Bay, Wis.-based bank Baylake (BYLK[5]) raised its quarterly dividend 14.2% to 7 cents per share, payable Dec. 2 to shareholders of record as of Nov. 11.
BYLK Dividend Yield: 2.60%

Diversified insurance company Brown & Brown (BRO[6]) raised its quarterly dividend 11.1% to 10 cents per share, payable Nov. 13 to shareholders of record as of Oct. 30. This is the 20th consecutive annual increase in BRO’s dividend.
BRO Dividend Yield: 1.21%

Food and household products distributor B&G Foods (BGS[7]) raised its quarterly dividend 3.1% t0 33 cents per share, payable Jan. 30, 2014, to shareholders of record as of Dec. 31, 2013.
BGS Dividend Yield: 3.77%

Infection protection and control company Cantel Medical (CMN[8]) raised its semiannual dividend 21.6% to 4.5 cents per share, payable Jan. 31, 2014, to shareholders of record as of Jan. 17.
CMN Dividend Yield: 0.26%

Nitrogen and phosphate fertilizer manufacturer CF Industries (CF[9]) raised its quarterly dividend 150% to $1 per share, payable Nov. 29 to shareholders of record as of Nov. 15.
CF Dividend Yield: 1.85%

Investment management company Eaton Vance (EV[10]) raised its quarterly dividend 10% to 22 cents per share, payable Nov. 13 to shareholders of record as of Oct. 31.
EV Dividend Yield: 2.2%

Midstream energy services MLP Enterprise Products Partners (EPD[11]) raised its quarterly distribution 6.2% to 69 cents per share, payable Nov. 7 to unitholders of record as of Oct. 31. The increase is the 37th consecutive quarterly rise in the distribution.
EPD Distribution Yield: 4.41%

Investment bank Goldman Sachs (GS[12]) raised its quarterly dividend 10% to 55 cents per share, payable Dec. 30 to shareholders of record as of Dec. 2.
GS Dividend Yield: 1.39%

Electronics manufacturer and distributor Hubbell (HUB.A[13], HUB.B[14]) raised its quarterly dividend 11% to 50 cents per share, payable Dec. 13 to shareholders of rec0rd as of Nov. 29.
HUB.A Dividend Yield: 2.09%
HUB.B Dividend Yield: 1.88%

Boise, Idaho-based energy company IdaCorp (IDA[15]) raised its quarterly dividend 13.2% to 43 cents per share, payable Dec. 2 to shareholders of record as of Nov. 6.
IDA Dividend Yield: 3.37%

Kinder Morgan Inc. (KMI[16]), North America’s third-largest energy company, raised its quarterly dividend 14% to 41 cents per share, payable Nov. 15 to shareholders of record as of Oct. 31.
KMI Dividend Yield: 4.63%

Healthcare facilities REIT Omega Healthcare Investors (OHI[17]) raised its quarterly dividend 2% to 48 cents per share, payable Nov. 15 to shareholders of record as of Oct. 31.
OHI Dividend Yield: 5.81%

Eugene, Ore.-based bank Pacific Continental (PCBK[18]) raised its quarterly dividend 11% to 10 cents per share and declared a special dividend of 12 cents per share, both payable Nov. 12 to shareholders of record as of Oct. 28.
PCBK Dividend Yield: 2.92%

Ithaca, N.Y.-based financial services company Tompkins Financial (TMP[19]) raised its quarterly dividend 5.3% to 40 cents per share, payable Nov. 15 to shareholders of record as of Nov. 4.
TMP Dividend Yield: 3.25%

Universal Forest Products (UFPI[20]), which provides capital and resources to the wood product industry, raised its semiannual dividend 5% to 21 cents per share, payable Dec. 15 to shareholders of record as of Dec. 1.
UFPI Dividend Yield: 0.89%

Independent crude oil refiner Western Refining (WNR[21]) raised its quarterly dividend 22.2% to 22 cents per share, payable Nov. 14 to shareholders of record as of Oct. 30.
WNR Dividend Yield: 2.63%

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[2].

Endnotes:
  1. [Image]: http://www.investorplace.com/hot-topics/companies-increasing-dividends/
  2. Companies Increasing Dividends: http://www.investorplace.com/hot-topics/companies-increasing-dividends/
  3. ABT: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABT
  4. SHLM: http://studio-5.financialcontent.com/investplace/quote?Symbol=SHLM
  5. BYLK: http://studio-5.financialcontent.com/investplace/quote?Symbol=BYLK
  6. BRO: http://studio-5.financialcontent.com/investplace/quote?Symbol=BRO
  7. BGS: http://studio-5.financialcontent.com/investplace/quote?Symbol=BGS
  8. CMN: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMN
  9. CF: http://studio-5.financialcontent.com/investplace/quote?Symbol=CF
  10. EV: http://studio-5.financialcontent.com/investplace/quote?Symbol=EV
  11. EPD: http://studio-5.financialcontent.com/investplace/quote?Symbol=EPD
  12. GS: http://studio-5.financialcontent.com/investplace/quote?Symbol=GS
  13. HUB.A: http://studio-5.financialcontent.com/investplace/quote?Symbol=HUB.A
  14. HUB.B: http://studio-5.financialcontent.com/investplace/quote?Symbol=HUB.B
  15. IDA: http://studio-5.financialcontent.com/investplace/quote?Symbol=IDA
  16. KMI: http://studio-5.financialcontent.com/investplace/quote?Symbol=KMI
  17. OHI: http://studio-5.financialcontent.com/investplace/quote?Symbol=OHI
  18. PCBK: http://studio-5.financialcontent.com/investplace/quote?Symbol=PCBK
  19. TMP: http://studio-5.financialcontent.com/investplace/quote?Symbol=TMP
  20. UFPI: http://studio-5.financialcontent.com/investplace/quote?Symbol=UFPI
  21. WNR: http://studio-5.financialcontent.com/investplace/quote?Symbol=WNR

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