Despite the large number of companies announcing earnings during the week, activity on the dividend front was somewhat quiet. Indeed, the perhaps the most anticipated dividend announcement — an increase from Apple (NASDAQ:AAPL) — didn’t come to pass.
However we still saw eight companies made it onto our list of Companies Increasing Dividends list this week. (Note: All dividend yields are as of March 1.)
Financial services provider Bank of Montreal (NYSE:BMO) raised its quarterly dividend 2.7% to 74 cents per share, payable May 28 to shareholders of record on May 1.
BMO Dividend Yield: 4.74%
Property and casualty insurance company Chubb (NYSE:CB) raised is quarterly dividend 7.3% to 44 cents per share, payable April 2 to shareholders of record on March 15. This marks the Dependable Dividend Stock’s 31st consecutive annual increase.
CB Dividend Yield: 2.09%
Oil and gas exploration company Cimarex (NYSE:XEC) raised its quarterly dividend 17% to 14 cents per share, payable June 3 to shareholders of record as of May 15.
XEC Dividend Yield: 0.86%
Regional bank stock DNB Financial (NASDAQ:DNBF) raised its quarterly dividend 40% to 7 cents per share, payable March 20 to shareholders of record as of March 8.
DNBF Dividend Yield: 1.67%
Agriculture and construction equipment maker Deere & Co. (NYSE:DE) raised its quarterly dividend 11% to to 51 cents per share, payable May 1 to shareholders of record on March 28.
DE Dividend Yield: 2.33%
Closed-end investment company Hercules Technology Growth Capital (NASDAQ:HTGC) raised its quarterly dividend 4% to 25 cents per share, payable March 19 to shareholders of record as of March 11.
HTGC Dividend Yield: 7.88%
Upscale retailer Nordstrom (NYSE:JWN) raised its quarterly dividend 11% to 30 cents per share, payable March 22 to shareholders of record at the close of business on March 11.
JWN Dividend Yield: 2.22%
Regional bank stock WesBanco (NASDAQ:WSBC) raised its quarterly dividend 5.56% to 19 cents per share, payable April 1 to shareholders of record on March 15.
WSBC Dividend Yield: 3.25%
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.
