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9 Companies Increasing Dividends This Week

Mining and agriculture highlight payout performers

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LyondellBasell Industries

Chemical maker LyondellBasell Industries (NYSE:LYB) mixed up a double dose of its quarterly dividend to 20 cents per share from 10 cents. The new dividend will be payable Sept. 7 to shareholders of record Aug. 17. The company, which is based in the Netherlands but run out of Houston, just began paying dividends again in May after emerging from Chapter 11 bankruptcy protection. The announcement was made Aug. 3, and the new dividend yield, based on that day’s closing price of $37.29, is 2.15%.


There’s perhaps no more well-known name in the agricultural chemical industry than Monsanto (NYSE:MON). On Aug. 3, the company distributed some fiscal fertilizer to shareholders by increasing its quarterly dividend to 30 cents per share from 28 cents. The new dividend is payable Oct. 28 to shareholders of record as of Oct. 7. Based on the closing value of the stock on Aug. 3 of $70.91, the new dividend yield is 1.69%. Monsanto’s strong recent earnings performance, driven by unit volume increase in its seeds and genomics and agricultural productivity segments, helped the company’s dividend germinate.

Steris Corp

Medical products maker Steris (NYSE:STE) manufactures infection prevention and contamination control products, and this week the company cleaned up its quarterly payout by raising its dividend by 13%. The new payout of 17 cents per share will be made on Sept. 20 to shareholders of record Aug. 23. The company made the announcement Aug. 2, and the new dividend yield, based on closing price that day of $32.31, is 2.1%. The dividend increase came on the same day Steris said it earned $28.7 million, or 48 cents per share, in the quarter ended June 30. In the same quarter a year ago, the company lost $45.2 million, or 76 cents per share.

Yamana Gold

Mammoth mining firm Yamana Gold (NYSE:AUY) took advantage of the recent shine in the price of the yellow metal, as the Canada-based company reported a substantial jump in second-quarter earnings. On Aug. 3, Yamana said it earned $186.2 million, or 25 cents a share, much better than the year-ago profit of $84 million, or 12 cents a share, in the same quarter. The company distributed more of that earnings gold to shareholders as well, declaring an increase in its quarterly payout to 4.5 cents per share from 3 cents. The glittering dividend will be paid on Oct. 14 to shareholders of record as of Sept. 30. The new dividend yield, based on the Aug. 3 closing price of $13.77, is 1.31%.

At the time of publication, Jim Woods held no positions in any of the stocks mentioned in this article.

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