50 Blue-Chip Stocks Increasing Dividends in Q1 2013
These big names now feature even bigger quarterly payouts
By
Kyle Woodley, Senior Investing Editor, Kiplinger
Mar 29, 2013, 10:25 am EST
What a one-two punch for dividend investors!
Many of us worried that 2013 was going to be the beginning of the end; that Congress was going to send income investors to the mat with onerously higher taxes on dividends. But, as it turned out, many were spared, with the 15% level staying for most, and a small increase to 20% for individuals with income levels above $400,000 and families above $450,000.
In addition to that close shave, Wall Street followed up a special-dividend bonanza in last year’s Q4 with a huge spate of blue-chip payout increases for the first quarter of 2013. We’re talking a group of stocks that includes five Dow Jones components, and 14 Dependable Dividend Stocks — companies that have paid out and increased their quarterly checks for a minimum of 25 consecutive years!
Go ahead. Smile a little.
So, if you’re looking for large, more dependable companies that are increasingly using their cash to reward shareholders, this list of 50 blue-chip dividend stocks is a good place to start. Best of all: Several of the stocks listed here have yet to go ex-dividend, giving you time to get in before their first newly fattened payout.
Here’s a look at these 50 companies, including the new payout, the percentage increase, yield based on the end-of-quarter stock price, and payment and record dates:
3M (MMM)
New Payout
% increase
Yield as of 3/29
Payment Date
Record date
$0.635/share
8%
2.39%
March 12
Feb. 15
3M (NYSE:MMM) — the maker of Post-It notes and hundreds of other household products that make our everyday lives just a little more convenient — has been one of the best double-threat Dow components of 2013. It has returned 15% year-to-date to top the S&P 500‘s breakneck run and set new all-time highs around $106 currently … and has continued to ratchet up its quarterly dividend to keep pace with its rocketing shares. As of the end of Q1, MMM was yielding a respectable 2.4%.
Agilent Technologies (A)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.12/share
20%
1.14%
April 25
April 3
Air Products & Chemicals (APD)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.71/share
11%
3.26%
May 13
April 1
Bank of Montreal (BMO)
new payout
% increase
Yield as of 3/29
payment date
record date
$0.74/share
2.7%
4.58%
May 28
May 1
Many of you might not know of Bank of Montreal (NYSE:BMO), even though it does have operations in the U.S.. However, if you’re in the dividend world, you should be well aware of the income-producing power of BMO. The company has been named a Top 25 dividend stock in the Canada Stock Channel ”DividendRank” report after yet again padding its payout this past quarter, offering a juicy 4.6% yield.
BB&T (BBT)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.23/share
15%
2.93%
March 1
Feb. 8
BlackRock (BLK)
New payout
% Increase
Yield as of 3/29
Payment date
Record date
$1.68/share
12%
2.62%
March 25
March 7
Broadcom (BRCM)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.11/share
10%
1.27%
March 4
Feb. 15
Chubb (CB)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.44/share
7.3%
2.01%
April 2
March 15
Coca-Cola (KO)
new payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.28/share
10%
2.77%
April 1
March 15
Coca-Cola (NYSE:KO) is the consummate dividend stock. It has boosted its dividend for half a century, it continues to provide reliable capital gains year after year, it’s a diversified business with operations in most of the world, and it’s a favorite of legendary value investor Warren Buffett. Finding fault with The Coca-Cola Co. is like trying to find fault with Coca-Cola.
Colgate-Palmolive (CL)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.68/share
10%
2.30%
May 15
April 23
Comcast (CMCSA)
new payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.78/share
20%
1.86%
April 24
April 3
Comcast (NASDAQ:CMCSA) — cable operator and parent of NBCUniversal — and the rest of the media sector has been awfully kind to investors as of late. Comcast itself has improved a clean 40% over the past 52 weeks, and will enter Q2 with a slightly sweetened dividend.
Deere (DE)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.51/share
11%
2.37%
May 1
March 28
Devon Energy (DVN)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.22/share
10%
1.56%
June 28
June 14
Dr Pepper Snapple (DPS)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.38/share
12%
3.24%
April 5
March 15
Family Dollar (FDO)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.26/share
24%
1.76%
April 15
March 15
Fifth Third Bancorp (FITB)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.11/share
10%
2.70%
April 18
March 29
Ford (F)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.10/share
100%
3.04%
March 1
Jan. 30
That beeping sound is the dump trucks full of money backing into Ford (NYSE:F) shareholder driveways across the U.S. The automaker’s continued resurgence since summer of 2012 — that has included a 45% run-up in shares — led to a doubling of the company’s dividend in January, paid out for the first time at the beginning of this month.
Franklin Resources (BEN)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.29/share
7%
0.77%
April 12
March 28
General Dynamics (GD)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.56/share
10%
3.18%
May 10
April 12
General Mills (GIS)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.33/share
15%
2.68%
May 1
April 10
General Mills (NYSE:GIS) is one of the shining examples of how good times have been for consumer staples. The Minnesota-based maker of Cheerios — not to mention top name brands like Green Giant, Betty Crocker, Yoplait and Pillsbury — has cruised to all-time highs this year thanks to a 22% run. Now, shareholders will get a big boost in the quarterly payout come May.
Genuine Parts (GPC)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.5375/share
8.6%
2.76%
April 1
March 8
Goldcorp (GG)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.05/share
11%
1.78%
Jan. 25
Jan. 17
Halliburton (HAL)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.125/share
39%
1.24%
March 27
March 6
Hewlett-Packard (HPQ)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.1452/share
10%
2.21%
TBA
TBA
You can’t really be too positive about Hewlett-Packard (NYSE:HPQ). After all, the comp …
… oh wait. It’s 2013, not 2012. And — at least for now — it’s a whole new ballgame for the previously struggling tech giant. HPQ has rebounded from years of losses, including a 45% haircut in 2012, with a 67% run in Q1 2013 that has put it among the 10 best S&P 500 stocks for the quarter. Now, shareholders will have some extra income to go along with those big capital returns.
HollyFrontier (HFC)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.30/share
50%
2.33%
April 2
March 15
Hormel (HRL)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.17/share
13%
1.65%
Feb. 15
Jan. 22
Kansas City Southern (KSU)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.215/share
10%
0.78%
April 3
March 11
Kinder Morgan (KMI)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.37/share
19%
3.83%
Feb. 15
Jan. 31
Kimberly-Clark (KMB)
New Payout
% Increase
Yield as of 3/29
Payment Date
Record Date
$0.81/share
9.5%
3.31%
April 2
March 8
KKR (KKR)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.70/share
191.67%
6.31%
March 7
Feb. 14
Take a bow, KKR (NYSE:KKR) — you made what easily was one of the biggest dividend splashes of Q1. The global investment firm puffed its chest after improving earnings from $1.92 million in 2011 to $560 million in 2012, opting to nearly triple its dividend this past quarter. KKR now yields a mouth-watering 6%-plus.
Limited Brands (LTD)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.30/share
20%
2.69%
March 8
Feb. 22
Lorillard (LO)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.55/share
6.5%
5.45%
March 11
March 1
MasterCard (MA)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.60/share
100%
0.44%
May 9
April 9
Another big dividend splash came from the payment processor front, with credit card giant MasterCard (NYSE:MA) doubling its dividend to 60 cents quarterly. MasterCard, Visa (NYSE:V) and the rest of the industry’s big names have surged out of the Great Recession amid an explosion in global credit transactions, with MA itself posting an average of 40% gains annually in the past three years.
Mattel (MAT)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.36/share
16.1%
3.29%
March 8
Feb. 22
McGraw-Hill (MHP)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.28/share
9.8%
2.15%
March 12
Feb. 26
Nordstrom (JWN)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.30/share
11%
2.17%
March 22
March 11
Occidental Petroleum (OXY)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.64/share
18.5%
3.27%
April 15
March 8
PepsiCo (PEP)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.5375/share
5.56%
2.72%
March 29
March 1
Just like its rival Coca-Cola, PepsiCo (NYSE:PEP) is an all-around threat of solid dividend income, capital gains and a business you can believe in for more of the same. The company has improved a market-beating 15% year-to-date, and the diversified maker of beverages and snacks is attacking on a number of fronts, including updates and ad pushes to its classic Pepsi soft drink line.
Potash Corp. of Saskatchewan (POT)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.28/share
33%
2.85%
May 2
April 11
Qualcomm (QCOM)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.35/share
40%
1.49%
TBA
TBA
Qualcomm‘s (NASDAQ:QCOM) yield has never been much to crow about, but the company’s dividend has come a long way since its initial 2.5-cent payout in 2003. The most recent increase is one of its biggest in years, and comes as the company’s stock once again tries to attack all-time highs set in spring 2012.
Raytheon (RTN)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.55/share
18%
3.74%
May 2
April 3
Sherwin-Williams (SHW)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.50/share
28%
1.18%
March 8
Feb. 25
SunTrust (STI)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.10/share
100%
1.38%
TBA
TBA
The fed’s most recent stress-test results looked favorably upon a number of banks that subsequently jacked up their payouts, and large regional SunTrust (NYSE:STI) is among those ranks. STI announced a 50% improvement to its dividend to 10 cents — its second increase since its payout declined from a high of 77 cents quarterly to 1 cent during the financial crisis.
Texas Instruments (TXN)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.28/share
33%
3.16%
May 20
April 30
UPS (UPS)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.62/share
8.8%
2.89%
March 12
Feb. 25
Walmart (WMT)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.47/share
18%
2.51%
April 1
March 12
For all the concerns of the effect of the payroll tax holiday expiration, higher gas prices and other economic worries, Walmart (NYSE:WMT) has done all right for itself, gaining 10% year-to-date and 23% in the past year. The company recently announced better-than-expected earnings and provided a substantial kick to the dividend.
Waste Management (WM)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.365/share
18%
3.72%
March 22
March 11
WellPoint (WLP)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.375/share
30%
2.26%
March 25
March 8
Wells Fargo (WFC)*
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.30/share
20%
2.70%
TBA
TBA
$0.25/share
14%
—
March 1
Feb. 1
*Wells Fargo increased its dividend twice during the period
The bank’s so nice, it rewarded shareholders twice! That’s right, Wells Fargo (NYSE:WFC) — which has solidified its books since the financial crisis and been aided by an improving housing market — announced two payout increases during the past three months, stretching its payout from an original 22 cents last year to 30 cents in the upcoming quarter — good for a combined 36% improvement!
Williams-Sonoma (WSM)
New Payout
% Increase
Yield as of 3/29
Payment date
Record date
$0.31/share
41%
2.41%
May 24
April 26
Kyle Woodley is the Deputy Managing Editor of InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities. Follow him on Twitter at @IPKyleWoodley.