8 Companies Increasing Dividends

by Marc Bastow | February 8, 2013 1:50 pm

Companies Increasing Dividends[1]Fourth-quarter earnings reports are coming in fast and furious, and also providing us with more announcements of companies ready to pump up their payouts. This week’s group includes some widely held giants in the credit card business, retail and … well, sticky notes.

In all, 8 companies made it onto our Companies Increasing Dividends[2] list this week. (Note: All dividend yields are as of Feb. 8.)

Canadian communications provider BCE (NYSE:BCE[3]) raised its annual dividend 2.6% to $2.33 per share, payable April 15 to shareholders of record at the close of business on March 15. BCE has increased its dividend 60% since the fourth quarter of 2008.
BCE Dividend Yield: 5.26%

Packaging materials maker Bemis (NYSE:BMS[4]) raised its quarterly dividend 4% to 26 cents per share, payable March 1 to shareholders of record at the close of business on Feb. 19. This is the 30th consecutive year Bemis has increased its dividend payment, putting it solidly on our list of Dependable Dividend Stocks[5].
BMS Dividend Yield: 2.73%

Integrated security and services company Diebold (NYSE:DBD[6]) raised its quarterly dividend 1% to 28.75 cents per share, payable March 8 to shareholders of record at the close of business on Feb. 22. The increase is the company’s 60th consecutive annual increase.
DBD Dividend Yield: 3.82%

Clothing retailer Limited Brands (NYSE:LTD[7]) raised its quarterly dividend 20% to 30 cents per share, payable March 8 to stockholders of record as of Feb. 22.
LTD Dividend Yield: 2.63%

U.S. government contractor L-3 Communications (NYSE:LLL[8]) raised its quarterly dividend 10 % to 55 cents per share, payable March 15 to shareholders of record at the close of business on March 1. This is L-3’s ninth consecutive annual dividend increase.
LLL Dividend Yield: 2.84%

Tech manufacturer and Dependable Dividend Stock[9] 3M (NYSE:MMM[10]) — the maker of Post-It Notes and other products — raised its quarterly dividend 8% to 63.5 cents per share, payable March 12 to shareholders of record at the close of business on Feb. 15. The increase is the company’s 55th in a row, and marks 96 years of consecutive dividend payments.
MMM Dividend Yield: 2.47%

Financial services giant MasterCard (NYSE:MA[11]) doubled its quarterly dividend to 60 cents per quarter, payable May 9 to holders of record as of April 9.
MA Dividend Yield: 0.46%

Specialty paper manufacturer Schweitzer-Mauduit (NYSE:SWM[12]) also doubled its dividend to 30 cents per share payable on March 21 to shareholders of record as of Feb. 28.
SWM Dividend Yield: 3.26%

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities. For more payout winners, see previous weeks’ lists of Companies Increasing Dividends[2].

  1. [Image]: https://investorplace.com/hot-topics/companies-increasing-dividends/
  2. Companies Increasing Dividends: https://www.investorplace.com/hot-topics/companies-increasing-dividends/
  3. BCE: http://studio-5.financialcontent.com/investplace/quote?Symbol=BCE
  4. BMS: http://studio-5.financialcontent.com/investplace/quote?Symbol=BMS
  5. Dependable Dividend Stocks: https://investorplace.com/dividend-paying-stocks/
  6. DBD: http://studio-5.financialcontent.com/investplace/quote?Symbol=DBD
  7. LTD: http://studio-5.financialcontent.com/investplace/quote?Symbol=LTD
  8. LLL: http://studio-5.financialcontent.com/investplace/quote?Symbol=LLL
  9. Dependable Dividend Stock: https://investorplace.com/dividend-paying-stocks/
  10. MMM: http://studio-5.financialcontent.com/investplace/quote?Symbol=MMM
  11. MA: http://studio-5.financialcontent.com/investplace/quote?Symbol=MA
  12. SWM: http://studio-5.financialcontent.com/investplace/quote?Symbol=SWM

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