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however is whether these companies will continue paying out rising dividends to shareholders after the dividend tax is repealed.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
Relevant Articles:
- 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
Popular Posts
-
As an investor, I am aware that I have a lot of blind spots. Someone with a glass half full outlook on life might say that I have a lot of r...
-
Dollar cost averaging is a process, where the same amount of funds is allocated to preset investment/s at regular intervals of time. It is ...
-
Warren Buffett’s Berkshire Hathaway just received a dividend check for $194 million dollars from Coca-Cola. Berkshire Hathaway owns 400 mil...
-
I review the list of dividend increases as part of my monitoring process. This exercise helps me monitor existing holdings. It also helps me...
-
The Dow Jones U.S. Dividend 100 Index is designed to measure the performance of high-dividend-yielding stocks in the U.S. with a record of c...
-
The Procter & Gamble Company (PG) provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Groomi...
-
I review the list of dividend increases every week, as part of my monitoring process. This exercise helps in monitoring existing positions a...
-
One of my favorite charts shows a listing of eleven consumer goods companies, and the brands that they own. It reinforces my belief that str...
-
I review the list of dividend increases every week, as part of my monitoring process. This exercise helps me monitor existing holdings but a...
-
A pattern of steady dividend payments and dividend increases is only possible if a business can generate enough cashflows to support operati...