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however is whether these companies will continue paying out rising dividends to shareholders after the dividend tax is repealed.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
The stock market is finally having the correction everyone has been waiting for since 2012. In the past month, the S&P 500 is down by 7...
I am often asked the following question in some variation: If I were starting a dividend portfolio today, and had a lump sum to put to work ...
The price of oil has declined a lot since the summer of 2014. The West Texas Intermediate (WTI) in Cushing, Oklahoma has declined from a hig...
It is not a secret that stock prices have been rising for 6 - 7 years in a row now. This makes it easy to hold on to stocks, and believe tha...
As someone who has been investing in, and writing about dividend paying companies for over seven years , I have accumulated a lot of observa...
As many of you know, I only invest my money in companies which pay dividends. I have made a lot of money that way , and I use dividends as a...
As an investor my goal is to attain financial independence using my dividend growth strategy. As a dividend investor, my goal is to generat...
I have been focusing on dividend growth investing for several years now. As such, I try to think about why it works, and also think about s...
In a previous article I described why dividend investors should look beyond typical dividend growth screens. I am basically finding that in...
Last week, anywhere I checked on the internet, everyone was focused on stock market volatility. The fear is that we might be entering a new ...