|New Threads Only:|
|New Threads & Replies:|
Forum List » Income Investors' Forum|
Ideas for Income Investors. High Dividend Stocks, Mutual Funds etc.
Heinz Increases Dividend 7.3%, And These 5 Other Stocks Raised Dividends
Posted by: Dividends4Life (IP Logged)
Date: May 28, 2012 01:21PM
Every investor wants to earn more. It is how we define "more" and how we go about earning it that defines the type of investor we are. Income investors want more income. Yield is a significant determinate of income. Instead of buying a current high-yield stock, investors in dividend growth stocks prefer to build their own. Granted, the current yield may never be classified as high-yield, but over time the yield-on-cost can reach epic heights.
This week several companies below chose to build a higher yield for their shareholders with higher cash dividends:
H. J. Heinz Company (HNZ) manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. May 24th the company increased its quarterly dividend 7.3% to $0.515 per share. The dividend is payable to shareholders of record as of June 24, 2012 and will be paid on July 10, 2012. The yield based on the new payout is 3.9%.
The Cato Corporation (CATO) operates as a specialty retailer of fashion apparel and accessories in the southeastern United States. May 24th the company increased its quarterly dividend 9% to $0.25 per share. The dividend is payable June 25, 2012 to shareholders of record on June 11, 2012. The yield based on the new payout is 3.5%.
Portland General Electric Company (POR), an integrated electric utility, engages in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. May 23rd the company increased its quarterly dividend 1.9% to $0.27 per share. The dividend is payable July 16, 2012, to shareholders of record at the close of business on June 25, 2012. The yield based on the new payout is 4.4%.
Viacom Inc. (VIA) operates as an entertainment content company in the United States and internationally. May 23rd the company increased its quarterly dividend 10% to $0.275 per share. The dividend is payable on July 2, 2012 to stockholders of record at the close of business on June 15, 2012. The yield based on the new payout is 2.1%.
Span-America Medical Systems, Inc. (SPAN) manufactures and distributes therapeutic support surfaces and related products for the medical, consumer, and industrial markets in the United States and Canada. May 18th the company increased its quarterly dividend 13.6% to $0.125 per share. The dividend is payable June 6, 2012, to shareholders of record on May 29, 2012. The yield based on the new payout is 2.8%.
Hewlett-Packard Company (HPQ) provide products, technologies, software, solutions, and services. May 7th the company increased its quarterly dividend 10% to $0.132 per share. The dividend is payable on July 5, 2012, to stockholders of record as of the close of business on June 13, 2012. The yield based on the new payout is 2.4%.
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 securities. See a list of all my dividend growth holdings here.
- There's Gold In Them Thar Dividend Stocks
- Buy And Hold Is Not Buy And Forget
- How To Manage Your Dividend Portfolio In A Downturn
- The Current Financial Situation Should Concern Us All
- Finding The Perfect Dividend Stock
Stocks Discussed: HNZ, CATO, POR, VIA, SPAN, HPQ,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.