50 Blue-Chip Dividend Stocks Increasing Payouts in Q1 2014

A look at the new payouts, dividend yields and more from some of Wall Street's biggest-name stocks

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50 Blue-Chip Dividend Stocks Increasing Payouts in Q1 2014

If Q1 2014 felt like a middling quarter … well, that’s because it was. The S&P 500 entered the final day of first-quarter trading up fractionally year-to-date, and dividend stocks didn’t look much better. Funds focused around dividend stocks, such as Best Stocks contest entry Vanguard Dividend Appreciation ETF (VIG) and the SPDR S&P Dividend ETF (SDY), should end the quarter basically flat, too.

IncreasingDividends 50 Blue Chip Dividend Stocks Increasing Payouts in Q1 2014Still … that doesn’t mean Q1 was all bad news for anyone sitting on dividend stocks.

For one, Wall Street banks just received the results of their most recent federal stress tests, and they were widely positive. That should mean big bumps in the dividend yields of some huge blue-chip financials — Bank of America (BAC) and Morgan Stanley (MS) are forecast to produce some of the best payout improvements in the coming months.

We also got our regular deluge of paycheck increases from a wide array of dividend stocks, including a host of S&P 500 stocks, as well as six Dependable Dividend Stocks — companies that have upped their regular dividends for at least 25 consecutive years. And seven of the companies mentioned here have yet to go ex-dividend, meaning there’s still time to invest in these companies before they pay out at their newly improved dividend rates.

This batch of dividend stocks isn’t an end-all list of buy recommendations by any means. Far from it. But, it can provide you with a great jumping-off point for income investments. After all, companies that are able to increase their dividends typically are at least demonstrating more stability in their business — and, in many cases, you’re looking at some attractive dividend yields here, as well.

So, let’s get to it. Here are 50 of Wall Street’s bluest blue-chip stocks that have turned the dividend spigot just a little more during the past three months. We also list the new payout, percentage increase, yield based on the closing price on March 31, and payment and record dates:

American International Group (AIG)
New Payout % increase DIVIDEND Yield as of 3/31 Payment Date Record date
$0.125 25% 1% March 25 March 11

American International Group (AIG) announced its first dividend increase in mid-February — well less than a year after reinstating its payout! The improved quarterly dividend came alongside a Q4 report that showed AIG swinging to a profit after a year-ago loss, as well as news that the company planned on laying off about 3% of its global workforce.

Air Products & Checmicals (APD)
New Payout % increase DIVIDEND Yield as of 3/31 Payment Date Record date
$0.77 8.5% 2.59% May 12 April 1
Allstate (ALL)
New Payout % increase DIVIDEND Yield as of 3/31 Payment Date Record date
$0.28 12% 1.98% April 1 March 30
Apache Corp. (APA)*
New Payout % increase DIVIDEND Yield as of 3/31 Payment Date Record date
$0.25 25% 1.21% May 22 April 22
* Goes ex-dividend April 17
BlackRock (BLK)
New Payout % increase DIVIDEND Yield as of 3/31 Payment Date Record date
$1.93 15% 2.45% March 24 March 7
Broadcom (BRCM)
New Payout % increase DIVIDEND Yield as of 3/31 Payment Date Record date
$0.12 9.1% 1.53% March 30 Feb. 14
Chubb (CB)
New Payout % increase DIVIDEND Yield as of 3/31 Payment Date Record date
$0.50 13.6% 2.4% April 1 March 14

Dependable Dividend Stock Chubb Corp. (CB) has really taken it on the chin early in 2014 after a fairly steady 30% ramp-up in 2013. The company is wildly underperforming the market, down more than 8% year-to-date. However, it offered a slight salve in the form of a roughly 14% bump to its dividend to 50 cents quarterly. The dividend on CB stock has now been hiked for 32 consecutive years, and it has improved by more than 7% annually over the past five years.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/04/50-blue-chip-dividend-stocks-q1/.

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