Last week the markets continued their roller coaster ride, sending most investors accounts to new five year lows. On Thursday the S&P 500 broke through its October lows and reached its lowest level since 2003, before recovering the very same day.
There were still several stocks had some major dividend increases over the past week. Other stocks like General Electric (GE) didn’t deliver such exciting news but reaffirmed their current dividend rates to shareholders.
Automatic Data Processing (ADP), announced that its Board has approved a 13.00% increase in its quarterly dividend from $0.29 to $0.33 per common share. Automatic Data Processing is a dividend aristocrat which has increased its dividends for over thirty three years. Annual dividend payments have increased by an average of 15.20% annually over the past 10 years. The stock currently yields 3.60%.
Baxter International Inc. (BAX) announced that its Board has approved a 20.00% increase in its quarterly dividend from $0.2175 to $0.26 per common share.. The stock currently yields 1.70%.
Bob Evans Farms (BOBE) announced that its Board has approved a 16.00% increase in its quarterly dividend to $0.16 per common share. The stock currently yields 3.60%.
BorgWarner Inc. (BWA), a manufacturer and seller of engineered automotive systems and components primarily for power train applications worldwide, announced that its board has approved a 9.00% increase in its quarterly dividend from $0.11 to $0.12 per common share effective fourth quarter of 2008. BorgWarner has tripled its quarterly dividend payment since 2003. The stock currently yields 2.60%.
Massey Energy Company (MEE) announced that its Board has approved a 20.00% increase in its quarterly dividend from $0.05 to $0.06 per common share.. The stock currently yields 1.20%.
Cisco Systems (CSCO) CEO John Chambers communicated the intent that Cisco will eventually pay a dividend. He announced that the dividend will come before he leaves as Cisco's CEO. The evolution of the large cap former tech bellwether darlings of Wall Street from the 1990’s is astonishing. As stocks like INTC, MSFT and CSCO are no longer growing as rapidly as they used to and become mature companies, they start distributing larger portions of their net incomes to shareholders in terms of dividends. The more important question however is whether these companies will continue paying out rising dividends to shareholders after the dividend tax is repealed.
Full Disclosure: Long ADP
- MarketClub BONUS, 2 FREE MONTHS! Click Here
- 5 Best Performing dividend stocks so far in 2008
- Analysis of General Electric
- Automatic Data Processing (ADP) Dividend analysis
- Have we reached the bottom?
- Dividend Champions Watchlist
This is a guest post by Mike, aka The Dividend Guy. He authors The Dividend Guy Blog since 2010 and manages portfolios at Dividend Stocks Ro...
Dividend growth stocks are the gift that keeps on giving . I like the fact that most of the work in selecting good dividend growth stocks is...
Last week I shared with you the list of 2016 Dividend Aristocrats and its performance over the past decade . In addition, I isolated twenty...
I pick my own dividend paying stocks in my taxable accounts, and wouldn’t have it any other way. I know some of you have mentioned that they...
Mark Seed is passionate about personal finance and investing and is the blogger behind My Own Advisor . Mark is currently investing in divi...
I am a fairly frugal person . An example of that is the fact that I drive a 15 year old car. I would likely keep driving this car until all ...
I have shared with you early in the year, that I am essentially living off dividends and side income in 2016. I am saving my other income i...
This is a guest post from Keith Park, who writes about dividend investing on DivHut . Keith has been a dividend growth investor since 2007 f...
My retirement strategy is focused on building a dividend portfolio of high quality blue chips, which are reliable dividend payers. For my di...
This is a guest contribution from Liquid at Freedom 35 Blog . Liquid is an avid investor in the North American financial markets and blogs a...