11/28/2013

Visa Offers More Cash Back: 19 Companies Increasing Dividends

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As earnings reports keep rolling in and the country emerges out of the debt ceiling crisis, companies from all industries are raising dividends in an attempt to attract investors.

Companies Increasing Dividends

A total of 19 companies raised their dividends this week, led by big names like Visa (V) and Honeywell (HON). (Note: All dividend yields are as of Oct. 25.)

Midwest utility holding company AEP (AEP) raised its quarterly dividend 2% to 50 cents per share, payable on Dec. 10 to shareholders of record as of Nov. 8.
AEP Dividend Yield: 4.24%

Green Bay-based bank holding company Associated Banc Corp (ASBC) raised its quarterly dividend 12.5% to 9 cents per share, payable on Dec. 16 to shareholders of record as of Dec. 2.
ASBC Dividend Yield: 2.19%

Bar Harbor, Maine based bank holding company Bar Harbor Bankshares (BHB) raised its quarterly dividend 1.6% to 32 cents per share, payable on Dec. 13 to shareholders of record as of Nov. 15. The increase marks the 10th consecutive quarter of dividend increases.
BHB Dividend Yield: 3.39%

Recreation products designer and manufacturer Brunswick (BC) raised its quarterly dividend 300% to 10 cents per share, payable on Dec. 13 to shareholders of record as of Nov. 20. The action moves BC into paying its dividend quarterly instead of annually.
BC Dividend Yield: 0.22%

Specialized products and services supplier Cintas (CTAS) raised its quarterly dividend 20.3% to 77 cents per share, payable on Dec. 11 to shareholders of record as of Nov. 8. The increase marks the 31st consecutive annual dividend increase.
CTAS Dividend Yield: 1.43%

Independent investment advisory firm Evercore Partners (EVR) raised its quarterly dividend 13.6% to 25 cents per share, payable on Dec. 13 to shareholders of record as of Nov. 29.
EVR Dividend Yield: 1.9%

Property and casualty insurance holding company HCI Group (HCI) raised its quarterly dividend 22.2% to 27.5 cents per share, payable Dec. 20 to shareholders of record Nov. 15.
HCI Dividend Yield: 2.48%

Diversified technology and manufacturing conglomerate Honeywell (HON) raised its quarterly dividend 10% to 45 cents per share, payable on Dec. 10 to shareholders of record as of Nov. 21.
HON Dividend Yield: 2.06%

Utility operator Middlesex Water (MSEX) raised its quarterly dividend 1.3% to 18 cents per share, payable on Dec. 2 to shareholders of record as of Nov. 15. The increase marks the 41st consecutive annual dividend increase.
MSEX Dividend Yield: 3.53%

Motion and control systems manufacturer Parker-Hannifin (PH) raised its quarterly dividend 4.6% to 45 cents per share, payable on Dec. 6 to shareholders of record as of Nov. 8. The increase marks the 57th consecutive annual dividend increase.
PH Dividend Yield: 1.55%

Automotive retail and transportation services giant Penske (PAG) raised its quarterly dividend 6.3% to 17 cents per share, payable on Dec. 2 to shareholders of record as of Nov. 11.
PAG Dividend Yield: 1.72%

Phoenix-based bank holding company Pinnacle West (PNW) raised its quarterly dividend 4% to 56.75 cents per share, payable on Dec. 2 to shareholders of record as of Nov. 1.
PNW Dividend Yield: 3.91%

Specialty chemical maker Stepan (SCL) raised its quarterly dividend 6% to 17 cents per share, payable on Dec. 13 to shareholders of record as of Nov. 29. This marks the 46th consecutive annual dividend increase.
SCL Dividend Yield: 1.13%

Property management and financing real estate investment trust SL Green Realty (SLG) raised its quarterly dividend 52% to 50 cents per share. SLG did not release a payment or ex-dividend date for the new dividend.
SLG Dividend Yield: 2.04%

Upscale hotel property real estate investment trust Sotherby (SOHO) raised its quarterly dividend 12.5% to 4.5 cents per share, payable on Jan. 1, 2014 to shareholders of record as of Dec. 13.
SOHO Dividend Yield: 3.87%

Midstream oil and gas provider Targa Resources Partners (NGLS) raised its quarterly dividend 7% to 57 cents per share, payable on Nov. 15 to shareholders of record as of Oct. 31.
NGLS Dividend Yield: 3.83%

Credit card and financial services company Visa (V) raised its quarterly dividend 21% to 40 cents per share, payable on Dec. 3 to shareholders of record as of Nov. 15.
V Dividend Yield: 0.79%

Global apparel company VF (VFC) raised its quarterly dividend 21% to $1.05 per share, payable on Dec. 20 to shareholders of record as of Dec. 10. VFC also announced a 4:1 stock split, effective on Dec. 20 to shareholders of record as of Dec. 10.
VF Dividend Yield: 1.99%

Integrated municipal solid waste services company Waste Connections (WCN) raised its quarterly dividend 15% to 11.5 cents per share, payable on Nov. 19 to shareholders of record as of Nov. 5.
WCN Dividend Yield: 1.04%

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.

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