Dividends from a quality, well-diversified portfolio are much more predictable than capital gains and best of all, they are passive. You don't have to do anything, they just show up in your brokerage account each quarter. Inflation? Not to worry, the good companies routinely raise their dividends well in excess of the inflation rate.This week as the weather turns cold the dividend increases heat up. Below are several companies heating up their yields with increased cash dividends:
PPG Industries (PPG) is a global supplier of protective and decorative coatings. October 16th the company increased its dividend 2% to $0.54/share. The dividend is payable on Dec. 11 to shareholders of record Nov. 10. The ex-dividend date is November 6. PPG is a Dividend Aristocrat and has increased its dividend for 38 consecutive years. The yield based on the new payout is 3.62%.
El Paso Pipeline Partners L.P. (EPB) owns and operates natural gas transportation pipelines, storage and other midstream assets. October 19th the company raised its quarterly cash distribution 6% to $0.35/unit. The distribution will be paid November 13, 2009 on all unitholders of record as of the close of business on October 30, 2009. The ex-dividend date is October 28. The yield based on the new payout is 6.15%
Plains All American Pipeline (PAA) engages in interstate and intrastate crude oil transportation, terminalling and storage, as well as crude oil gathering and marketing. October 19th the company boosted its quarterly distribution 2% to $0.92/unit. The distribution is payable on November 13, 2009, to unitholders of record at the close of business on November 3, 2009. The yield based on the new payout is 7.38%
Universal Forest Products (UFPI) engineers, manufactures, treats, distributes and installs lumber, composite, plastic and other building products. October 19th the company bumped its quarterly dividend to to $0.20/share. The dividend is payable on December 15, 2009, to shareholders of record on December 1, 2009. The ex-dividend is November 27, 2009. The yield based on the new payout is 1.03%.
Stepan Co. (SCL) produces specialty and intermediate chemicals. October 20th the company increased its quarterly dividend 9.1% to $0.24/share. This dividend is payable December 15, 2009, to shareholders of record on November 30, 2009. The ex-dividend date is November 26, 2009. SCL is a Dividend Achiever and has increased its dividend for 42 consecutive years. The yield based on the new payout is 1.49%.
Shenandoah Telecom (SHEN) is a diversified telecommunications holding company. October 20th the company raised is dividend to $0.32/share. The dividend will be payable December 1, 2009, to shareholders of record on November 10, 2009. The ex-dividend date is November 6, 2009. SHEN is a Dividend Achiever. The yield based on the new payout is 1.89%.
Ecology and Environment (EEI) is an environmental consulting and testing firm. October 20th the company bumped to $0.21/share. The dividend is payable on or before December 30, 2009, to shareholders of record as of December 8, 2009. The ex-dividend is December 4, 2009. The yield based on the new payout is 2.66%.
Hanover Insurance Group (THG) is an insurance and financial services company. October 20th the company increased its annual dividend 67% to $0.75/share. The dividend is payable December 9, 2009, to shareholders of record at the close of business on November 25, 2009. The board also authorized a change in the company's dividend payment schedule from a single annual cash dividend to quarterly dividend payments beginning in fiscal year 2010. The yield based on the new payout is 1.80%.
Artesian Resources (ARTNA) distributes and sells water, including water for public and private fire protection. October 20th the company increased its quarterly dividend 5% to $0.1873/share. The dividend is payable November 20, 2009 to shareholders of record at the close of business on November 10, 2009. The yield based on the new payout is 4.52%.
Visa (V) operates a retail electronic payments network. October 21st the company bumped its quarterly dividend by 19% to $0.125/share. The dividend is payable on December 1, 2009 to shareholders of record as of November 16, 2009. The ex-dividend date is November 12. The yield based on the new payout is 0.66%.
Brown & Brown (BRO) is a diversified insurance agency, wholesale brokerage, insurance programs and service organization. October 21st the company increased its quarterly dividend by 3.3% to $0.0775/share. The dividend is payable on November 18, 2009, to shareholders of record on November 4, 2009. The ex-dividend date is November 2. BRO is a Dividend Achiever and has increased its dividend for 17 consecutive years. The yield based on the new payout is 1.66%.
Eaton Vance (EV) is engaged in managing investment funds and providing investment management and counseling services to high-net-worth individuals and institutions. October 21st the company raised its quarterly dividend 3% to $0.16/share. The dividend is payable on November 13, 2009 to shareholders of record on October 30, 2009. The ex-dividend date is November 11. EV is a Dividend Achiever and has increased its dividend for 29 consecutive years. The yield based on the new payout is 2.11%.
Peabody Energy (BTU) is a coal company. October 22nd the company bumped its quarterly dividend 17% to $0.07/share. The dividend is payable on Nov. 27, 2009, to shareholders of record on Nov. 5, 2009. The ex-dividend date is November 3. The yield based on the new payout is 0.64%.
Holly Energy (HEP) operates a system of refined product and crude oil pipelines, storage tanks and distribution terminals. October 22nd the company bumped its quarterly 1.3% to $0.795/unit. The distribution will be paid November 13, 2009, to unitholders of record November 2, 2009. The ex-dividend date is October 29. The yield based on the new payout is 7.93%.
Matthews Int'l (MATW) is a designer, manufacturer and marketer principally of memorialization products and brand solutions. October 22nd the company increased its quarterly dividend 7.7% to $0.07/share. The dividend payable November 16, 2009 to stockholders of record November 2, 2009. The ex-dividend date is October 29. The yield based on the new payout is 0.70%.
Real dividend growth investors are not looking for a flash in the pan, but instead for stocks that can deliver consistent dividend growth. For a list of stocks with a long string of consecutive dividend increases, see this list.
Full Disclosure: No position in the aforementioned stocks. See a list of all my income holdings here.
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Tags: [ARTNA] [BRO] [BTU] [EEI] [EPB] [EV] [HEP] [MATW] [PAA] [PPG] [SCL] [SHEN] [THG] [UFPI] [V]