Below are several select companies with a management confident enough to increase their cash dividends:
Keithley Instruments (KEI) designs, develops, manufactures, and markets complex electronic instruments and systems for high-performance production testing. May 10th the company increased its quarterly dividend to $0.0375/share. The dividend is payable June 30, 2010, to shareholders of record at the close of business on June 16, 2010. The ex-dividend date is June 14, 2010. The yield based on the new payout is 1.47%.
Timken Co. (TKR) is a manufacturer of highly engineered bearings and alloy steels. May 11th the company raised its quarterly dividend to $0.13/share The dividend is payable on June 2, 2010, to shareholders of record as of May 21, 2010. The ex-dividend date is May 19, 2010. The yield based on the new payout is 1.52%.
CPI Corp. (CPY) sells and manufactures professional portrait photography of babies, children, adults, and family groups. May 11th the company increased its quarterly dividend to $0.25/share. The ex-dividend date is May 19, 2010. The yield based on the new payout is 3.13%.
OPNET (OPNT) offers management software for networks and applications. May 11th the company raised its quarterly dividend to $0.10/share. The yield based on the new payout is 2.39%.
It takes more than confidence to increase dividends each and every year — it takes a well managed company. 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.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.
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