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Friday, February 22, 2013

Coca-Cola, Wal-Mart And Other Big Names Increasing Their Dividends

The life-blood of a sound dividend growth strategy is a growing dividend. Often the initial yield of a dividend growth stock is less than other available stocks, but the dividend growth stock comes with an expectation of reasonable increases year after year. This compounding effect will quickly grow the stocks income. It is well worth the investor's time to find companies that can deliver on this expectation.

Below are several companies that are providing their shareholders a growing income with higher cash dividends:

The Coca-Cola Company (KO), a beverage company, engages in the manufacture, marketing, and sale of nonalcoholic beverages worldwide. February 21st the company increased its quarterly 10% to $0.28 per quarter. The dividend is payable April 1, 2013, to shareowners of record as of March 15, 2013. The yield based on the new payout is 3.0%.

Wal-Mart Stores, Inc. (WMT) operates retail stores in various formats worldwide. February 21st the company increased its quarterly dividend 18% to $0.47 per share. The dividend is payable April 1, 2013 to shareholders of record on March 12, 2013. The yield based on the new payout is 2.7%.

Kimberly-Clark Corporation (KMB) engages in manufacturing and marketing health care products worldwide. February 21st the company increased its quarterly dividend 9.5% to $0.81 per share. The dividend is payable on April 2, 2013, to stockholders of record on March 8, 2013. The yield based on the new payout is 3.5%.

Cheviot Financial Corp. (CHEV) operates as the bank holding company for Cheviot Savings Bank that provides various banking services in Ohio. February 21st the company increased its quarterly dividend 12.5% to $0.09 per share to stockholders of record March 15, 2013. The dividend will be paid March 31, 2013. The yield based on the new payout is 3.3%.

Chemung Financial Corporation (CHMG) operates as the bank holding company for Chemung Canal Trust Company that provides commercial and consumer banking, and trust services primarily in New York. February 21st the company increased its quarterly dividend 4% to $0.26 per share. The dividend is payable April 1, 2013 to shareholders of record as of the close of business on March 18, 2013. The yield based on the new payout is 2.3%.

Parkway Properties, Inc. (PKY), a real estate investment trust (REIT), engages in the operation, acquisition, ownership, management, and leasing of office properties. February 21st the company increased its quarterly dividend 33% to $0.15 per share. The dividend is payable on March 27, 2013 to shareholders of record for Common Stock on March 13, 2013. The yield based on the new payout is 2.3%.

Foot Locker, Inc. (FL) operates as a retailer of athletic footwear and apparel. February 20th the company increased its quarterly dividend 11% to $0.20 per share. The dividend is payable May 3, 2013 to shareholders of record on April 19, 2013. The yield based on the new payout is 2.3%.

Xerox Corporation (XRX) provides business process and information technology (IT) outsourcing, and document management services worldwide. February 20th the company increased its quarterly dividend 35% to $0.0575 per share. The dividend is payable April 30, 2013 to shareholders of record on March 28, 2013. The yield based on the new payout is 2.9%.

Essex Property Trust, Inc. (ESS) operates as a self-administered and self-managed real estate investment trust in the United States. February 20th the company increased its quarterly dividend 10% to $1.21 per share. The dividend is payable April 15, 2013 to shareholders of record as of March 28, 2013. The yield based on the new payout is 3.2%.

Host Hotels & Resorts, Inc. (HST) is a publicly owned real estate investment trust (REIT). February 20th the company increased its quarterly dividend 11% to $0.10 per share. The dividend is payable April 15, 2013 to stockholders of record on March 28, 2013. The yield based on the new payout is 2.3%.

SCANA Corporation (SCG) engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. February 20th the company increased its quarterly dividend 2.5% to $0.5075 per share. The dividend is payable April 1, 2013 to shareholders of record at the close of business on March 11, 2013. The yield based on the new payout is 4.2%.

Public Service Enterprise Group Incorporated (PEG) operates as an energy company primarily in the northeastern and mid Atlantic United States. February 19th the company increased its quarterly dividend 1.4% to $0.36 per share. The dividend is payable March 29, 2013 to shareholders of record on March 8, 2013. The yield based on the new payout is 4.6%.

Analog Devices, Inc. (ADI) engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. February 19th the company increased its quarterly dividend 13% to $0.34 per share. The dividend is payable March 12, 2013 to shareholders of record as of the close of business on March 1, 2013. The yield based on the new payout is 3.0%.

GameStop Corp. (GME) operates as a video game retailer. February 19th the company increased its quarterly dividend 10% to $0.275 per share. The dividend is payable March 19, 2013 to all shareholders of record as of March 5, 2013. The yield based on the new payout is 4.4%.

Genuine Parts Company (GPC) distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. February 19th the company increased its quarterly dividend 9% to $0.5375 per share. The dividend is payable April 1, 2013 to shareholders of record March 8, 2013. GPC has paid a cash dividend every year since going public in 1948, and 2013 marks the 57th consecutive year of increased dividends paid to shareholders. The yield based on the new payout is 3.1%.

National Health Investors, Inc. (NHI), a real estate investment trust (REIT), invests in health care properties, primarily in the long-term care industry in the United States. February 14th the company increased its quarterly dividend 3.7% to $0.695 per share. The dividend is payable to shareholders of record on March 29, 2013 and payable on May 10, 2013. The yield based on the new payout is 4.2%.

United Parcel Service, Inc. (UPS), a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. February 14th the company increased its quarterly dividend 8.8% to $0.62 per share. The dividend is payable on Mar. 12, 2013 to shareholders of record on Feb. 25, 2013. The yield based on the new payout is 3.0%.

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: Long KO, WMT, KMB, GPC in my Dividend Growth Portfolio and long NHI in my High-Yield Portfolio. See a list of all my dividend growth holdings here.

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Tags: [KO] [WMT] [KMB] [FL] [XRX] [GME] [GPC] [UPS] [HST] [CHEV] [CHMG] [PKY] [ESS] [SCG] [PEG] [ADI] [NHI]

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