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50 Blue-Chip Stocks Increasing Dividends in Q2 2013

These big names now feature even bigger quarterly payouts

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Companies Increasing DividendsEven a weak June sparked by QE “tapering” fears couldn’t dampen the biggest story of 2013 — the fantastic strength of America’s broad stock-market indices through the first six months of the year.

The S&P 500 finished ahead more than 12% through June — its best return at the midway point since 1998.

But an especially sweet side story for income investors was a slew of dividend increases in some of the sturdiest blue-chip names out there, including eight Dow Jones Industrial Average components and 11 Dependable Dividend Stocks — companies that haven’t just paid out quarterly dividends for at least 25 consecutive years, but that have increased them at least once every year!

That makes the following list the appropriate starting blocks for any investors trying to beef up the income side of their portfolio. Not only does it run down 50 blue-chip dividend stocks that have announced hikes in their quarterly checks, but it includes 13 companies that have yet to go ex-dividend — meaning there’s still time to buy into these names before they pay out their newly increased dividends.

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 (an asterisk denotes a stock that has not gone ex-dividend as of publication):

Apple (AAPL)
New Payout % increase Yield as of 6/30 Payment Date Record date
$3.05/share 15% 3.08% May 16 May 13

All in all, the second quarter of 2013 was a lousy three months for Apple (AAPL) shareholders, who watched their stock shed another 10% on top of the nearly 20% gashing it suffered in Q1. Perhaps the only relieving news came in April, when Apple announced a 15% improvement to its dividend, as well as an expansion of its stock repurchase authorization from $10 billion to $60 billion, which it expects to complete by the end of 2015.

American Electric Power (AEP)
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.49/share 4.3% 4.38% June 10 May 10
American Express (AXP)*
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.23/share 15% 1.23% Aug. 9 July 5
* Goes ex-dividend July 2

American Express (AXP) is the first of the companies on this list that has yet to go ex-dividend, with that date coming up tomorrow for an Aug. 9 payout. AXP’s improved dividend is just the cherry on top of a great first half that has seen the stock trounce the S&P 500 with 30% gains, and that included a Q1 earnings beat reported back in April.

American Water Works (AWK)
new payout % increase Yield as of 6/30 payment date record date
$0.28/share 12% 2.72% June 3 May 24
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.175/share 11% 1.09% May 15 May 1
Bank of New York Mellon (BK)
New payout % Increase Yield as of 6/30 Payment date Record date
$0.15/share 15% 2.14% May 7 April 29
Baxter International (BAX)
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.49/share 9% 2.83% July 7 June 7
Capital One Financial (COF)
New Payout % Increase Yield as of 6/30 Payment Date Record Date
$0.30/share 500% 1.91% May 23 May 13

Capital One Financial (COF) investors got huge news in March when the Federal Reserve gave COF the green light to improve its dividend — at the time, a proposed increase of 20 cents annually to $1.20. The company officially declared the new dividend in early May, and distributed its first 30-cent payout a couple weeks later, juicing its annual yield from under a half-percent to nearly 2%.

Article printed from InvestorPlace Media,

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