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.

Companies Increasing Dividends[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].

  1. [Image]: https://www.investorplace.com/hot-topics/companies-increasing-dividends/
  2. WAG: http://studio-5.financialcontent.com/investplace/quote?Symbol=WAG
  3. CMI: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMI
  4. COP: http://studio-5.financialcontent.com/investplace/quote?Symbol=COP
  5. Companies Increasing Dividends: https://www.investorplace.com/hot-topics/companies-increasing-dividends/
  6. OZRK: http://studio-5.financialcontent.com/investplace/quote?Symbol=OZRK
  7. CSVI: http://studio-5.financialcontent.com/investplace/quote?Symbol=CSVI
  8. EPD: http://studio-5.financialcontent.com/investplace/quote?Symbol=EPD
  9. FEN: http://studio-5.financialcontent.com/investplace/quote?Symbol=FEN
  10. GEL: http://studio-5.financialcontent.com/investplace/quote?Symbol=GEL
  11. KLAC: http://studio-5.financialcontent.com/investplace/quote?Symbol=KLAC
  12. PAA: http://studio-5.financialcontent.com/investplace/quote?Symbol=PAA
  13. SSS: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSS
  14. Dependable Dividend Stocks: https://investorplace.com/dividend-paying-stocks/

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