These are the dividend hikes featured by The Dynamic Dividend today: Territorial Bancorp Inc. (TBNK), Chesapeake Utilities Corporation (CPK, Financial), Talisman Energy Inc. (TLM, Financial), MP Group Inc. (JMP, Financial), Cardinal Health, Inc. (CAH, Financial).
Territorial Bancorp Raises Dividend Again
Territorial Bancorp Inc. (TBNK) declared a quarterly dividend of $0.09 per share today. The new payout represents a 29% increase over the Hawaiian bank holding company’s previous payout, and an 80% improvement over its dividend from the same period last year. Shares of TBNK now yield 1.81% at today’s $19.93 closing price.
This is the second time Territorial has raised its dividend since it began returning cash to shareholders in February 2010. The holding company for Territorial Savings Bank went public in 2009.
Shares of CPK now yield 3.39% at today’s closing price of $40.65.
Chesapeake has announced a dividend increase every May dating back to 2004, pushing its payout higher by a total of 25% over that span.
Shares of TLM are currently trading at $21.87, where they now feature a 2.47% dividend yield.
Talisman has historically reported its financials (and declared its dividends) in Canadian dollars, but recently switched to the U.S. dollar to reflect the primary currency in which it operates. Its dividend history in USD is a bit uneven, but the company has raised its annual dividend total in CAD every year dating back to 2003.
JMP Group slashed its quarterly dividend from a peak of $0.05 down to $0.01 per share in March 2000.
This is the second straight quarter the retail-oriented REIT, which just began operations in 2009, has boosted its payout. And some very basic math reveals it could potentially unleash much more explosive dividend growth by the end of this year.
ROIC boosted its full-year FFO (funds from operations) guidance to a range of $0.60 to $0.70 per share within today’s release, and announced it intends to distribute cash dividends equivalent to 70-80% of FFO in 2011. That means it will return $0.42 per share (using the low end of both ranges) to $0.56 per share (high ends) to investors this year.
Potentially, the company may need to more than double its current dividend rate by the end of the year just to meet its payout goal. Since ROIC has committed just $0.17 per share to investors through the first two quarters of the year, the company’s final two payouts will need to total somewhere between $0.25 and $0.39 per share – or average between $0.125 and $0.195 per share — to meet the aforementioned targets.
Shares of ROIC are currently trading at $11.03, where they now feature a 3.26% dividend yield
Shares of CAH are currently trading at $44.38, where they now feature a 1.94% dividend yield.
Cardinal Health has improved its annual dividend total every year dating back to 1989. This marks the seventh consecutive year the company has delivered a double-digit raise to its shareholders.
Territorial Bancorp Raises Dividend Again
Territorial Bancorp Inc. (TBNK) declared a quarterly dividend of $0.09 per share today. The new payout represents a 29% increase over the Hawaiian bank holding company’s previous payout, and an 80% improvement over its dividend from the same period last year. Shares of TBNK now yield 1.81% at today’s $19.93 closing price.This is the second time Territorial has raised its dividend since it began returning cash to shareholders in February 2010. The holding company for Territorial Savings Bank went public in 2009.
Chesapeake Utilities Raises Dividend by 5%
Chesapeake Utilities Corporation (CPK) declared a quarterly dividend of $0.345 per share today, a 4.6% improvement over the $0.33 paid each of the previous four quarters by the diversified utility company. This is the eighth consecutive year Chesapeake has given its shareholders a raise.Shares of CPK now yield 3.39% at today’s closing price of $40.65.
Chesapeake has announced a dividend increase every May dating back to 2004, pushing its payout higher by a total of 25% over that span.
Talisman Energy Raises Dividend for 9th Straight Year
Talisman Energy Inc. (TLM) declared a semiannual dividend of $0.135 per share today, an 8.9% improvement over its prior payout. The Canada-based energy company has now raised its dividend each of the last nine years.Shares of TLM are currently trading at $21.87, where they now feature a 2.47% dividend yield.
Talisman has historically reported its financials (and declared its dividends) in Canadian dollars, but recently switched to the U.S. dollar to reflect the primary currency in which it operates. Its dividend history in USD is a bit uneven, but the company has raised its annual dividend total in CAD every year dating back to 2003.
JMP Group Boosts Dividend by 25%
MP Group Inc. (JMP) declared a quarterly dividend of $0.025 per share today, a 25% increase over the $0.20 paid last quarter and a 67% increase over its dividend from the same period last year. This marks the third time the financial firm has increased its dividend since cutting it by 80% at the beginning of 2009. Shares of JMP are currently trading at $7.82 (-2.13%), where they now feature a 1.28% dividend yield.JMP Group slashed its quarterly dividend from a peak of $0.05 down to $0.01 per share in March 2000.
ROIC Ups Dividend Again, Could Double by Year-End
Retail Opportunity Investments Corp. (ROIC, Financial) declared a quarterly dividend of $0.09 per share within today’s first quarter earnings release, representing a 12.5% increase over the $0.08 paid last quarter and a 50% improvement over its payout during the same period last year.This is the second straight quarter the retail-oriented REIT, which just began operations in 2009, has boosted its payout. And some very basic math reveals it could potentially unleash much more explosive dividend growth by the end of this year.
ROIC boosted its full-year FFO (funds from operations) guidance to a range of $0.60 to $0.70 per share within today’s release, and announced it intends to distribute cash dividends equivalent to 70-80% of FFO in 2011. That means it will return $0.42 per share (using the low end of both ranges) to $0.56 per share (high ends) to investors this year.
Potentially, the company may need to more than double its current dividend rate by the end of the year just to meet its payout goal. Since ROIC has committed just $0.17 per share to investors through the first two quarters of the year, the company’s final two payouts will need to total somewhere between $0.25 and $0.39 per share – or average between $0.125 and $0.195 per share — to meet the aforementioned targets.
Shares of ROIC are currently trading at $11.03, where they now feature a 3.26% dividend yield
Cardinal Health Raises Dividend Again
Cardinal Health, Inc. (CAH) declared a quarterly dividend of $0.215 per share today, improving its payout by 10.3%. The health care services company is currently on pace to pay an increased dividend total for the 23rd consecutive year.Shares of CAH are currently trading at $44.38, where they now feature a 1.94% dividend yield.
Cardinal Health has improved its annual dividend total every year dating back to 1989. This marks the seventh consecutive year the company has delivered a double-digit raise to its shareholders.
