William died inn 1857 and the company was reorganized under the management of his son Samuel. At the time, Samuel did not want to continue the business but thought it would be the right thing to do.
In 1872, the company introduced Cashmere Bouquet, a perfumed soap. In 1873, the firm introduced its first toothpaste, an aromatic toothpaste sold in jars. The company sold the first toothpaste in a tube in 1896. By 1908 they initiated mass selling of toothpaste in tubes.
Today, the company has sales of over $17 billon and operates numerous subsidiary organizations in over 200 countries and is publicly listed in the United States and India. You know the company as...
The Colgate-Palmolive Company (CL)
March 7th the company approved a two-for-one split and increased its quarterly dividend 10% to $0.68 per share on a pre-split basis. The dividend is payable May 15, 2013 to shareholders of record as of April 23, 2013. The yield based on the new payout is 2.4%.
Below are several other dividend stocks that recently increased their cash dividends:
Horace Mann Educators Corporation (HMN) operates as a multiline insurance company in the United States. March 6th the company increased its quarterly dividend 22% to $0.195 per share. The dividend is payable March 29, 2013 to shareholders of record as of March 18, 2013. The yield based on the new payout is 3.8%.
General Dynamics Corporation (GD), an aerospace and defense company, provides business aviation; combat vehicles, weapons systems, and munitions; military and commercial shipbuilding; and communications and information technology products and services. March 6th the company increased its quarterly dividend 9.8% to $0.56 per share. The dividend is payable May 10, 2013, to shareholders of record on April 12. The yield based on the new payout is 3.3%.
Main Street Capital Corporation (MAIN) is a business development company specializing in equity, equity related, and debt investments in small and lower middle market companies. March 6th the company increased its monthly dividend 3% to 0.155 per share. The dividend is payable in April, May and June 2013. The yield based on the new payout is 5.6%.
Staples, Inc. (SPLS) operates as an office products company. March 6th the company increased its quarterly dividend 9$ to $0.12 per share. The dividend is payable on April 18, 2013, to shareholders of record on March 29, 2013. The yield based on the new payout is 3.9%.
Applied Materials, Inc. (AMAT) provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic, and related industries worldwide. March 5th the company increased its quarterly dividend 11% to $0.10 per share. The dividend is payable on June 13, 2013 to stockholders of record as of May 23, 2013. The yield based on the new payout is 2.9%.
Xilinx, Inc. (XLNX) designs, develops, and markets programmable platforms worldwide. March 5th the company increased its quarterly dividend 13.6% to $0.25 per share. The dividend is payable June 5, 2013 to stockholders of record at the close of business on May 15, 2013. The yield based on the new payout is 2.7%.
P.H. Glatfelter Company (GLT) manufactures and sells specialty papers and fiber-based engineered materials in the United States and internationally. March 5th the company increased its quarterly dividend 11% to $0.10 per share. The dividend is payable May 1, 2013 to shareholders of record as of the close of business on April 4, 2013. The yield based on the new payout is 2.2%.
Michael Baker Corporation (BKR) provides engineering services for public and private sector clients worldwide. March 5th the company increased its quarterly dividend 14.3$ to $0.16 per share. The dividend is payable April 3 to shareholders of record on March 18. The yield based on the new payout is 2.7%.
STAG Industrial, Inc. (STAG) is a real estate investment trust. The firm invests in the real estate markets of United States. March 1st the company increased its quarterly dividend 11.% to $0.30 per share. The is payable April 15, 2013 to all stockholders of record on March 28, 2013. The yield based on the new payout is 5.6%.
Myers Industries, Inc. (MYE) manufactures and distributes polymer products for the industrial, agricultural, automotive, commercial, and consumer markets primarily in the North, Central, and South America. March 1st the company increased its quarterly dividend $0.09 per share. The dividend is payable April 1, 2013, to shareholders of record as of the close of business on March 11, 2013. The yield based on the new payout is 2.4%.
EXCO Resources, Inc. (XCO), an independent oil and natural gas company, engages in the exploration, exploitation, development, and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays. March 1st the company increased its quarterly dividend 25% to $0.05 per share. The dividend is payable March 29, 2013 to holders of record on March 15, 2013. The yield based on the new payout is 3.0%.
MOCON, Inc. (MOCO) develops, manufactures, and markets measurement, analytical, monitoring, and consulting products and services worldwide. March 4th the company increased its quarterly dividend 5% to $0.11 per share. The dividend is payable May 17, 2013, to shareholders of record on May 3, 2013. The yield based on the new payout is 3.0%.
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 GD in my Dividend Growth portfolio, and Long MAIN in my High Yield Portfolio. See a list of all my dividend growth holdings here.
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(Photo Credit) Company Profile From Wikipedia
Tags: [CL] [GD] [SPLS] [AMAT] [MAIN] [HMN] [XLNX] [GLT] [BKR] [STAG] [MYE] [XCO] [MOCO]
