monthly dividend 5% to $0.105 per share. The dividend is payable August 2, 2012 to stockholders of record on July 19, 2012. The yield based on the new payout is 7.4%.
Below are some other companies increasing their cash dividends during the last week:
Ryder System, Inc. (R) provides transportation and supply chain management solutions. July 11th the company increased its quarterly dividend 6.9% to $0.31 per share. The dividend is payable September 21, 2012, to shareholders of record on August 20, 2012. The yield based on the new payout is 3.7%.
Cummins Inc. (CMI) designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. June 10th the company increased its quarterly dividend 25% to $0.50 per share. the dividend is payable Sept. 1, 2012 to shareholders of record on August 22, 2012. The yield based on the new payout is 2.3%.
KLA-Tencor Corporation (KLAC) designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. July 10th the company increased its quarterly dividend 14% to $0.40 per share. This is the fourth dividend increase since KLA-Tencor first instituted its dividend in April 2005. The yield based on the new payout is 3.5%.
Plains All American Pipeline, L.P. (PAA) engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquid petroleum gas (LPG) products in the United States and Canada. July 9th the company increased its quarterly distribution 8.4% to $1.065 per unit. The distribution is payable August 14, 2012, to holders of record of such units at the close of business on August 3, 2012. PAA has increased its quarterly distribution to limited partners in 31 out of the past 33 quarters and consecutively in each of the past 12 quarters. The yield based on the new payout is 5.1%.
Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.
Full Disclosure: No position in the aforementioned stocks. See a list of all my dividend growth holdings here.
- 15 Dividend Stocks Trading Below Their Calculated Fair Value
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- 11 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income
- 4 Secrets To Finding The Best Dividend Stocks
Tags: [SUNS] [R] [CMI] [KLAC] [PAA]
Popular Posts - Last 7 days
Presented below are my dividend stock and ETF/CEF holdings. This is not a recommendation to buy these securities. I have classified some of...
The election may be settled, but investors fears are not. When Obama was first elected, the market plunged on worries of the looming Fiscal...
Linked here is a detailed quantitative analysis of Walgreen Co. (WAG). Below are some highlights from the above linked analysis: Company ...
Linked here is a detailed quantitative analysis of Becton, Dickinson and Co. (BDX). Below are some highlights from the above linked analysi...
Each Sunday I highlight any notable articles that I came across over the past week, along with any Carnivals I participated in. For those re...
When selecting income investments, the three most important questions to answer are: 1.) Is the investment increasing its dividend each yea...
Investing in dividend growth stocks is a long-term proposition. One of the beauties of following a dividend growth strategy is that you d...
When to buy a stock and at what price are very important decisions. However, serious investors will tell you the most important decision is ...
The Broad Dividend Achievers™ Index is comprised of companies incorporated in the United States or its territories, trade on the NYSE, NASDA...
Monday, October 31, 2011 will mark my fourth full year of writing as Dividends4Life . It is hard to believe another year has passed. Like th...