35 Blue-Chip Dividend Stocks Increasing Payouts in Q2 2014

A look at some of the biggest stocks to pump up their dividends this past quarter, including 10 that haven't gone ex-dividend yet

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35 Blue-Chip Dividend Stocks Increasing Payouts in Q2 2014

This year, those who sold in May and went away … well, they didn’t get paid.

IncreasingDividends 35 Blue Chip Dividend Stocks Increasing Payouts in Q2 2014The S&P 500 is up some 4% since May 1, making that old saw seem sillier than ever, and making a few investors richer in the process. And if you’re a card-carrying member of the dividend yield-seeking crowd … well, dividend stocks had a little something for you, too.

Among the laundry list of dividend stocks pumping up their payouts were a host of 35 blue chips, which includes 31 members of the S&P 500, five Dow Jones Industrial Average stocks and five Dependable Dividend Stocks — companies that have upped their regular dividends for at least 25 consecutive years.

While some of these dividend stocks’ newly improved payouts have already been distributed for the quarter, 10 of these companies have yet to go ex-dividend, meaning that if you’ve been considering jumping into them in the first place, you still can get in before their bumped-up payouts get rolling.

As a note, these aren’t recommendations for any of the dividend stocks mentioned — merely a reference point for income investors looking to see which companies continue to press the pedal on increased distributions, and a starting place for research into new income investments.

Now, onto our look at dividend stocks that have upped the ante during the past three months, including the new payout, percentage increase, dividend yield based on the closing price on June 29, and payment and record dates:

American Express (AXP)*
New Payout % increase DIVIDEND Yield as of 6/29 Payment Date Record date
$0.26 13% 1.1% Aug. 8 July 11
* Goes ex-dividend July 9
Anadarko Petroleum (APC)
New Payout % increase DIVIDEND Yield as of 6/29 Payment Date Record date
$0.29 50% 0.99% June 25 June 11
Apple (AAPL)
New Payout % increase DIVIDEND Yield as of 6/29 Payment Date Record date
$3.29 8% 2.04% May 15 May 12

Not a bad quarter, Apple (AAPL). Not a bad quarter at all. Apple stock has continued its rally out of its 2013 valley, running up another 20% in the past three months. Investors and techies alike are dying for details about when the new iPhone 6 will see the light of day. Its Worldwide Developers Conference included exciting news about health and home technology. And investors got a treat as Apple improved its dividend by 8%.

Avago Technologies (AVGO)
New Payout % increase DIVIDEND Yield as of 6/29 Payment Date Record date
$0.29 7.4% 1.64% June 30 June 19
Baker Hughes (BHI)*
New Payout % increase DIVIDEND Yield as of 6/29 Payment Date Record date
$0.17 13.3% 0.92% Aug. 15 Aug. 4
* Goes ex-dividend July 31

Oilfield services stock Baker Hughes (BHI) rode Street-beating first-quarter earnings to a 13% run in shares over the past three months — and, funnily enough, also increased its dividend by just about the same amount.

Bank of Montreal (BMO)*
New Payout % increase DIVIDEND Yield as of 6/29 Payment Date Record date
$0.78 2.6% 3.9% Aug. 26 Aug. 8
* Goes ex-dividend July 30

Looking for dividend stocks outside of the usual crowd? You might be surprised to find out that Canadian bank stocks are typically a pretty good source of yield across the board. For its part, Bank of Montreal (BMO) kept its juicy dividend yield propped up with an increase announced earlier this quarter.

Bank of New York Mellon (BK)
New Payout % increase DIVIDEND Yield as of 6/29 Payment Date Record date
$0.17 13% 1.88% May 7 April 25
Baxter International (BAX)
New Payout % increase DIVIDEND Yield as of 6/29 Payment Date Record date
$0.52 6.1% 2.86% July 1 June 6
 
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Article printed from InvestorPlace Media, http://investorplace.com/2014/06/blue-chip-dividend-stocks-q2-2014/.

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