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5 Companies Increasing Dividends

Consulting, energy and telecom top payout performers

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CH Energy Group

Regional gas and electric producer CH Energy Group (NYSE:CHG) turned up the power on its quarterly dividend to 55.5 cents per share from 54 cents. The new dividend yield, based on the Sept. 26 closing price of $52.96, is 4.19%. Over the past year, CH Energy has moved to divest its holding in so-called renewable “green” energies to concentrate on traditional energy delivery. The company said it has used the majority of the proceeds from these divestitures to repurchase approximately 6% of their outstanding shares.

Clarcor Inc.

Environmental filtration and industrial packaging firm Clarcor Inc. (NYSE:CLC) repackaged its quarterly dividend, increasing its payout by 14%, to 12 cents per share from 10.5 cents. The new dividend is payable Oct. 21 to shareholders of record on Oct. 11. The new dividend yield, based on the Sept. 29 closing price of $42.31, is 1.13%. The increased dividend represents the 29th consecutive year that Clarcor has raised its annual payout to shareholders.

Comtech Telecommunications

High-tech communications equipment firm Comtech Telecommunications (NASDAQ:CMTL) dialed in a clear channel on its dividend transmission to shareholders, raising its annual targeted dividend by 10%, to $1.10 per share from $1 per share. The next quarterly dividend of 27.5 cents per share is payable Nov. 22 to shareholders of record on Oct. 21. The dividend yield, based on the Sept. 27 closing price of $27.87, is 3.95%. The company also said that through Sept. 23 it has repurchased 1,511,526 shares of its common stock in open-market transactions for an aggregate cost of $42 million, with an average price per share of $27.80.

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

Article printed from InvestorPlace Media,

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