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Phillips Pumps Out More Income: 7 Companies Increasing Dividends

PSX, KRFT among stocks raising the dividend bar

   

IncreasingDividends Phillips Pumps Out More Income: 7 Companies Increasing DividendsInvestors didn’t have too much to crow about in the past few days, with a government shutdown derailing the markets’ recent rally and sending the S&P 500 to dip in the red for the trading week.

But one thing they could cheer about was the number of companies announcing increases to their regular dividends. A total of seven companies made it onto our Companies Increasing Dividends list for the week. (Note: All yields are as of Oct. 4):

Arkansas-based Bank of the Ozarks (OZRK) announced a 10.5% dividend increase to 21 cents per share, payable Oct. 18 to shareholders of record as of Oct. 11. This is the 13th consecutive quarter in which OZRK has raised its dividend.
OZRK Dividend Yield: 1.77%

Filtration and packaging product provider Clarcor (CLC) announced a 26% dividend increase to 17 cents per share, payable Oct. 18 to shareholders of record as of Oct. 11.
CLC Dividend Yield: 1.22%

Hickory Tech (HTCO), a communications provider in several Midwest states, announced a 3% dividend increase to 15 cents per share, payable Dec. 5 to shareholders of record as of Nov. 15.
HTCO Dividend Yield: 5.5%

Food and beverage operator Kraft Foods (KRFT) announced a 5% dividend increase to 52.5 cents per share, payable Oct. 21 to shareholders of record as of Oct. 11.
KRFT Dividend Yield: 3.93%

Healthcare real estate investment trust LTC Properties (LTC) announced a 9.7% increase to its monthly dividend, to 17 cents per share, payable Oct. 31, Nov. 29 and Dec. 31 to shareholders of record as of Oct. 23, Nov. 21, and Dec. 23, respectively.
LTC Dividend Yield: 5.46%

Refining stock Phillips 66 (PSX) announced a 25% dividend increase to 39 cents per share, payable Dec. 2 to shareholders of record as of Nov. 14.
PSX Dividend Yield: 2.64%

HVAC parts and components distributor Watsco (WSO) announced a 60% dividend increase to 40 cents per share, payable Oct. 31 to shareholders of record as of Oct. 10.
WSO Dividend Yield: 1.7%

As of this writing, Marc Bastow did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/dividend-increase-sept-30-oct-4-krft-psx/.

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