Walgreen Ups Its Income Dosage: 11 Companies Increasing Dividends

by Marc Bastow | July 12, 2013 2:17 pm

The Fourth of July holiday weekend interrupted the steady stream of dividend announcements during June, but with the holiday over, it was back to business on the payout front.

[1]Drugstore chain Walgreen (WAG[2]), engine manufacturer Cummins (CMI[3]) and energy provider ConocoPhillips (COP[4]) were some of the biggest names announcing positive changes to their quarterly checks. In all, 11 companies made it onto our Companies Increasing Dividends[5] list for the two-week period ending July 12 (all dividend yields as of July 12):

Regional financial Bank of the Ozarks (OZRK[6]) raised its quarterly dividend 11.8% to 19 cents, payable July 19 to shareholders of record as of July 12. OZRK has raised its quarterly dividend for 12 consecutive quarters.
OZRK Dividend Yield: 1.70%

Diesel-engine manufacturer Cummins (CMI[3]) raised its quarterly dividend 25% to 62.5 cents per share, payable Sept. 3 to shareholders of record as of Aug. 22.
CMI Dividend Yield: 2.18%

Technology solutions provider Computer Services (CSVI[7]) raised its quarterly dividend 14.3% to 16 cents per share, payable Sept. 25 to shareholders of record as of Sept. 3. This is the company’s 25th consecutive yearly increase.
CSVI Dividend Yield: 2.07%

Upstream energy company ConocoPhillips (COP[4]) raised its dividend 4.5% to 69 cents per share, payable Sept. 3 to shareholders of record as of July 22. The increase is the 13th consecutive annual rise in the dividend.
COP Dividend Yield: 4.28%

Midstream energy MLP Enterprise Products Partners LP (EPD[8]) raised its quarterly distribution 7.1% to 68 cents per share, payable Aug. 7 to unitholders of record as of July 31. This is EPD’s 36th consecutive quarterly dividend increase.
EPD Dividend Yield: 4.24%

Closed-end management investment company First Energy Trust (FEN[9]

) raised its quarterly dividend 0.9% to 52 cents per share, payable July 31 to shareholders of record as of July 22.
FEN Dividend Yield: 6.1%

Midstream energy limited partnership Genesis Energy (GEL[10]) raised its quarterly dividend 2.5% to 51 cents per share, payable Aug. 14 to shareholders of record as of Aug. 1.
GEL Dividend Yield: 3.73%

Semiconductor manufacturer KLA-Tencor (KLAC[11]) raised its quarterly dividend 12.5% to 45 cents per share. The new payout will take effect starting with KLAC’s August dividend declaration in August. No specific dividend dates have been announced.
KLAC Dividend Yield: 2.67%

Oil and gas MLP Plains All-America Pipeline (PAA[12]) raised its quarterly distribution 2.2% to 58.75 cents per share, payable Aug. 14 to unitholders of record as of Aug. 2.
PAA Dividend Yield: 4.18%

Self-storage property REIT Sovran Self Storage (SSS[13]) raised its quarterly dividend 10.4% to 53 cents per quarter, payable July 26 to shareholders of record as of July 12.
SSS Dividend Yield: 3.1%

Drugstore chain giant and InvestorPlace Dependable Dividend Stocks[14] component Walgreen (WAG[2]) increased its quarterly dividend 14.5% to 31.5 cents per share, payable Sept. 12 to shareholders of record as of Aug. 20. The increase represents the 38th consecutive annual increase in WAG’s dividend.
WAG Dividend Yield: 2.6%

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[5].

Source URL: https://investorplace.com/2013/07/11-companies-increasing-dividends-wag-cop-cmi-sss-paa/

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