Last week the markets broke through yet another set of support levels to the lowest point in 11 years. Pundits, technical analysts and others kept getting more bearish on the markets and the economy. There were however several stocks which showed enough confidence in their financial situation that they decided to stick with their dividend payment plans. I view stocks that increase their dividends in this tough environment as defensive, recession proof corporations, who have survived many downturns, recessions and credit crisis. They view the current financial hiccup as only temporary in nature, which in turn shows the confidence in their business models.
The companies that increased their dividend payments to stockholders include:
Donaldson Company, Inc. (DCI) announced that its Board has approved a 5.00% increase in its quarterly dividend from $0.11 to $0.115 per common share. Donaldson Company is a dividend achiever which has increased its dividends for over thirteen years. The stock currently yields 1.80%.
Sysco Corporation (SYY) announced that its Board has approved a 9% increase in its quarterly dividend from $0.22 to $0.24 per common share. Sysco Corporation is a dividend champion which has increased its dividends for over thirty seven years. The stock currently yields 4.10%.
NIKE, Inc. (NKE) announced that its Board has approved a 9% increase in its quarterly dividend from $0.23 to $0.25 per common share. Nike has increased its dividends for seven years. The stock currently yields 2.10%.
The Laclede Group (LG), which was one of the original twelve components in the Dow Industrials Index, announced that its Board has approved a 2.6% increase in its quarterly dividend from $0.375 to $0.385 per common share. The Laclede Group has increased its dividends for over thirteen years. The stock currently yields 3.10%.
Roper Industries, Inc. (ROP) announced that its Board has approved a 13.80% increase in its quarterly dividend from $0.0725 to $0.0825 per common share. Roper Industries, Inc.is a dividend achiever which has increased its dividends for over ten consecutive years. The stock currently yields 0.90%.
NSTAR. (NST) announced that its Board has approved a 7.10% increase in its quarterly dividend to $1.50 per common share. NSTAR is a dividend achiever which has increased its dividends for over eleven consecutive years. The stock currently yields 4.50%.
SkyWest, Inc. (SKYW) announced that its Board has approved a 33% increase in its quarterly dividend to $0.04 per common share. This regional airline stock currently yields 1.40%.
Full Disclosure: Long SYY
Relevant Articles:
- SYSCO (SYY) Dividend Stock Analysis
- Which candidate is better for dividend investors
- Why do I like Dividend Achievers
- Dividend Conspiracies
Popular Posts
-
I review the list of dividend increases as part of my monitoring process. This process helps me review how the companies I own are doing. It...
-
The Dividend Aristocrats List includes S&P 500 companies which have managed to increase annual dividends for at least 25 years in a row....
-
I review the list of dividend increases as part of my monitoring process. This exercise helps me monitor existing holdings. It also helps me...
-
I wanted to present some general discussion about fixed income securities. I will then present the companies I invested in this week, follow...
-
Warren Buffett is one of the most successful investors in the world. He is the chairman and controlling shareholder of Berkshire Hathaway, ...
-
Successful people identify their goals, break them down into small actionable steps, and take action towards achieving them. Unsuccessful pe...
-
As part of my monitoring process , I review the list of dividend increases every week. This is helpful as a method to observe recent devel...
-
As a dividend growth investor , I look for solid companies to invest my hard earned money in. I look for companies that can grow earnings,...
-
Peter Lynch is probably one of the best-known stock pickers of our time and certainly among the most successful. He was portfolio manager of...
-
Dividend growth investing involves the selection of companies based on a set of criteria such as valuation, strong brands, strong competiti...