August 17th Cincinnati Financial Corporation (CINF) increased its quarterly dividend 1.2% to $0.4075 per share. The dividend is payable October 15, 2012, to shareholders of record as of September 19, 2012. The yield based on the new payout is 4.1%.
Below are several other companies increasing their cash dividends during the last week:
Brinker International, Inc. (EAT) owns, develops, operates, and franchises various restaurant brands primarily in the United States. August 23rd the company increased its quarterly dividend 25% to $0.20 per share. The dividend is payable Sept. 27, 2012 to shareholders of record as of Sept. 10, 2012. The yield based on the new payout is 2.4%.
WesBanco, Inc. (WSBC) operates as a holding company for WesBanco Bank, Inc. that provides retail banking, corporate banking, personal and corporate trust services, and mortgage banking and insurance services. August 23rd the company increased its quarterly dividend 5.9% to $0.17 per share. The dividend is payable on October 1, 2012 to shareholders of record on September 7, 2012. The yield based on the new payout is 3.4%.
C&F Financial Corporation (CFFI) operates as the holding company for Citizens and Farmers Bank that provides various banking and related financial services to individuals and businesses. August 23rd the company increased its quarterly dividend 4% to $0.27 per share. The dividend is payable October 1, 2012 to shareholders of record on September 15, 2012. The yield based on the new payout is 2.7%.
Chemical Financial Corporation (CHFC) operates as the financial holding company of Chemical Bank that offers banking and fiduciary products and services to residents and business customers in Michigan. August 21st the company increased its quarterly dividend 5% to $0.21 per share. The dividend is payable on September 21, 2012, to shareholders of record on September 7, 2012. The ex-dividend date is September 5, 2012. The yield based on the new payout is 3.7%.
MTS Systems Corporation (MTSC) supplies test systems and industrial position sensors in the Americas, Europe, and Asia. August 21st the company increased its quarterly dividend 20% to $0.30 per share. The dividend is payable October 1, 2012, to shareholders of record as of the close of business on September 10, 2012. The yield based on the new payout is 2.4%.
Parkway Properties, Inc. (PKY), a real estate investment trust (REIT), engages in the operation, acquisition, ownership, management, and leasing of office properties. August 17th the company increased its quarterly dividend 50% to $0.1125 per share. The dividend is payable September 26, 2012 to shareholders of record for Common Stock on September 12, 2012. The yield based on the new payout is 3.9%.
Realty Income Corporation (O) engages in the acquisition and ownership of commercial retail real estate properties in the United States. August 16th the company increased its monthly dividend 3.4% to $0.151125 per share. The yield based on the new payout is 4.3%.
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: Long CINF, O. See a list of all my dividend growth holdings here.
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Tags: [CINF] [EAT] [WSBC] [CFFI] [CHFC] [MTSC] [PKY] [O]
