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This Mega-Cap Tech Stock Increased Its Dividend 75%

Dividends4Life

Dividends4Life

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Move over Intel (INTC) and Microssoft (MSFT). Two years ago this networking giant didn't even pay a dividend. In April of this year, it increased its dividend 33%. Most investors would be satisfied with that increase, but the company wasn't finished boosting its dividend in 2012.

August 14th Cisco Systems Inc. (CSCO) increased its quarterly dividend 75% to $0.14 per share. The dividend is payable Oct. 24, 2012 shareholders of record as of the close of business on Oct. 4, 2012. The yield based on the new payout is 3.2%.

Below are several other companies increasing their cash dividends during the last week:

ITC Holdings Corp. (ITC) engages in the transmission of electricity in the U.S. August 16, the company increased its quarterly dividend 7% to $0.3775 per share. The dividend is payable Sept. 17, 2012 to shareholders of record as of Sept. 4, 2012. The yield based on the new payout is 2.1%.

Bob Evans Farms Inc. (BOBE) owns and operates full-service restaurants under the Bob Evans and Mimi’s Café brand names in the U.S. August 14, the company increased its quarterly dividend 10% to $0.275 per share. The dividend is payable Sept. 17, 2012, to shareholders of record at the close of business on Tuesday, Sept. 4, 2012. The yield based on the new payout is 2.8%.

CECO Environmental Corp. (CECE) provides air-pollution control technology products and services worldwide. August 14, the company increased its quarterly dividend 28.6% to $0.045 per share. The dividend is payable Sept. 28, 2012, to all shareholders of record at the close of business on Sept. 14, 2012. The yield based on the new payout is 2.2%.

Connecticut Water Service Inc. (CTWS) operates as a regulated water company in Connecticut. August 13, the company increased its quarterly dividend 2.1% to $0.2425 per share. The dividend is payable Sept. 17, 2012, for shareholders of record as of Sept. 3, 2012. The yield based on the new payout is 3.1%.

Badger Meter Inc. (BMI) manufacturers and marketers flow measurement and control products to water and gas utilities, municipalities and industrial customers worldwide. August 10, the company increased its quarterly dividend 6.25% to $0.17 per share. The dividend is payable Sept. 14, 2012, to shareholders of record Aug. 31, 2012. The yield based on the new payout is 2.0%.

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: No position in the aforementioned securities. See a list of all my dividend growth holdings here.

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Dividends4Life
Visit Dividends4Life at:
http://www.dividend-growth-stocks.com/

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