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7 Companies Increasing Dividends

Lockheed Martin leads this week's list of dividend heroes


Companies Increasing DividendsIt was a much quieter week on the dividend front compared to the last. Highlighting this week’s news is a soaring defense contractor who continued a history of dividend increases, as well as companies dealing with water and telecommunications, among others.

At the end of the week, 7 companies made it into InvestorPlace’s Companies Increasing Dividends list. (Note: All new yields as of Sept. 27 closing prices unless otherwise noted.)

Holding company Artesian Resources (NASDAQ:ARTNA) hiked its quarterly dividend 2.5% to 20.27 cents per share, payable Nov. 21 to shareholders of record Nov. 12. This is the 80th consecutive quarterly dividend paid by Artesian; the company has increased its dividend for the past 15 consecutive years. ARTNA’s dividend yield is now 3.43%.

Wireless and wireline provider Atlantic Tele-Network (NASDAQ:ATNI) increased its quarterly dividend 8.7% to 25 cents per share, payable Oct. 10 to stockholders of record as of Sept. 30. ATNI’s dividend yield is 2.32%.

Filtration systems and servicer Clarcor (NYSE:CLC) lifted its quarterly dividend 12.5% to 13.3 cents per share, payable Oct. 19 to shareholders of record on Oct. 8. CLC’s new dividend yield is 1.21%.

Communications provider Hickory Tech (NASDAQ:HTCO) hiked its quarterly dividend 3.5% to 14.5 cents per share, payable Dec. 5 to shareholders of record Nov. 15. Hickory Tech now yields a hefty 5.43%.

Agriculture and real estate development company Limoneira (NASDAQ:LMNR) increased its quarterly dividend 20% to 3.75 cents per share, payable Oct. 15 to shareholders of record Oct. 8. LMNR now yields 0.82%.

Defense contractor Lockheed Martin (NYSE:LMT) boosted its quarterly dividend 15% to $1.10 per share, payable Dec. 28 to shareholders of record as of the close of business on Dec. 3. This represents the 10th straight year of double-digit dividend increases for Lockheed shareholders. LMT’s dividend yield is now a lofty 4.93%.

Water filtration, separation and purification technologies manufacture Pall (NYSE:PLL) increased its quarterly dividend 19% to 25 cents per share, payable Nov. 2 to shareholders of record on Oct. 12. Pall now yields 1.57%.

Marc Bastow in an Assistant Editor at As of this writing he did not hold a position in any of the aforementioned securities. For more payout winners, see previous weeks’ list of Companies Increasing Dividends.

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