There were several other companies that announced increases in their payments to shareholders last week.
Genesis Energy, L.P. (GEL, Financial), which engages in the pipeline transportation of crude oil, natural gas, and carbon dioxide (Co2); gathering and marketing of crude oil; wholesale marketing of Co2; and processing of syngas , announced that its Board has approved an increase in its quarterly dividend from $0.3225 to $0.33 per unit. Genesis Energy, L.P. has consistently increased its dividends since 2003. The stock currently yields 11.90%.
Robbins & Myers, Inc. (RBN, Financial), which is a supplier of systems for critical applications in global energy, industrial, chemical and pharmaceutical markets , announced that its Board has approved an 11% increase in its quarterly dividend from $0.0375 to $0.04 per common share. Robbins & Myers, Inc. has consistently increased its dividends since 2006. The stock currently yields 0.80%.
Pentair, Inc. (PNR, Financial), announced that its Board has approved a 6% increase in its quarterly dividend from $0.17 to $0.18 per common share. Pentair, Inc. is a dividend achiever which has consistently increased its dividends for almost two decades. The stock currently yields 2.70%.
American Financial Group, Inc. (AFG, Financial), announced that its Board has approved a 4% increase in its quarterly dividend to $0.13 per common share. American Financial Group, Inc. Inc. is a dividend achiever which has consistently increased its dividends since 2005. The stock currently yields 2.30%.
Of the stocks below Pentair shows some promise for my dividend growth strategy. PNR could be an interesting dividend play on dips below $24. I like the fact that the company has managed to double its dividends almost every seven years on average.
Full Disclosure: Long GE
Source: Dividend Growth Investor
Genesis Energy, L.P. (GEL, Financial), which engages in the pipeline transportation of crude oil, natural gas, and carbon dioxide (Co2); gathering and marketing of crude oil; wholesale marketing of Co2; and processing of syngas , announced that its Board has approved an increase in its quarterly dividend from $0.3225 to $0.33 per unit. Genesis Energy, L.P. has consistently increased its dividends since 2003. The stock currently yields 11.90%.
Robbins & Myers, Inc. (RBN, Financial), which is a supplier of systems for critical applications in global energy, industrial, chemical and pharmaceutical markets , announced that its Board has approved an 11% increase in its quarterly dividend from $0.0375 to $0.04 per common share. Robbins & Myers, Inc. has consistently increased its dividends since 2006. The stock currently yields 0.80%.
Pentair, Inc. (PNR, Financial), announced that its Board has approved a 6% increase in its quarterly dividend from $0.17 to $0.18 per common share. Pentair, Inc. is a dividend achiever which has consistently increased its dividends for almost two decades. The stock currently yields 2.70%.
American Financial Group, Inc. (AFG, Financial), announced that its Board has approved a 4% increase in its quarterly dividend to $0.13 per common share. American Financial Group, Inc. Inc. is a dividend achiever which has consistently increased its dividends since 2005. The stock currently yields 2.30%.
Of the stocks below Pentair shows some promise for my dividend growth strategy. PNR could be an interesting dividend play on dips below $24. I like the fact that the company has managed to double its dividends almost every seven years on average.
Full Disclosure: Long GE
Source: Dividend Growth Investor
