5 Companies Willing and Capable To Raise Dividends: CBRL, ATNI, CSX, ACN, CLC
This week the dividend increase parade continues with several companies sharing higher cash dividends with their shareholders:
Cracker Barrel (CBRL) operates nearly 600 Cracker Barrel Old Country Store restaurants and gift shops in 41 states. September 24th the company increased its quarterly dividend 10% to $0.22/share. The dividend is payable on Nov. 5 to shareholders of record on Oct. 15. The ex-dividend date is Oct. 13. With the stock closing at $50.54 today, the dividend yield moves from 1.58% to 1.74%. The yield based on the new payout is 1.74%.
Atlantic Tele-Network (ATNI) provides wireless and wireline telecommunications services in the Caribbean and North America. September 27th the company raised its quarterly dividend 10% to $0.22/share. The dividend is payable on October 12, 2010, on all common shares outstanding to stockholders of record as of October 6, 2010. The ex-dividend date is October 4, 2010. ATNI is a Dividend Achiever and has raised its dividend for 13 consecutive years. The yield based on the new payout is 1.78%.
CSX (CSX) operates a major U.S. rail network, transporting bulk commodities, industrial products and intermodal containers over its network of approximately 21,000 route miles. September 29th the company raised its quarterly dividend 8% to $0.26/share. The dividend is payable on December 15 to shareholders of record on November 30. The ex-dividend date is Nov. 26. The yield based on the new payout is 1.88%.
Accenture (ACN) is a global management consulting, technology services, and outsourcing company. September 30th the company increased its semi-annual dividend to $0.45/share. The yield based on the new payout is 2.12%.
CLARCOR (CLC) is a diversified marketer and manufacturer of mobile and industrial filtration products and consumer and industrial packaging products. September 30th the company raised its quarterly dividend 7.7% to $0.105/share. The dividend is payable October 22, 2010 to shareholders of record October 8, 2010. The ex-dividend date is October 6, 2010. CLC is a Dividend Achiever and has raised its dividend for 46 consecutive years. The yield based on the new payout is 1.09%.
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 income holdings here.
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