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23 Companies Raising Their Dividends, Including Several Mega-Stocks

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April 30, 2012 – Comments (0) | RELATED TICKERS: JNJ , CVX , XOM

When it comes to selecting dividend stocks, one of the most important items to look for is consistency in raising dividends. Sure it is easy to increase dividends when the economy is booming and business is good, but to be consistent a company has to persevere and continue to increase dividends during the tough times.

Below are several companies that have recently increased their cash dividends to shareholders:

Cullen/Frost Bankers, Inc. (CFR) provides various banking and financial products and services primarily in Texas. April 26th the company increased its quarterly dividend 4.3% to $0.48 per share. The dividend is payable June 15, 2012 to shareholders of record on June 1 of this year. The yield based on the new payout is 3.3%.

Johnson & Johnson (JNJ) engages in the research, development, manufacture, and sale of various products in the health care field worldwide. April 26th the company increased its quarterly dividend 7% to $0.61 per share. The dividend is payable June 12, 2012 to shareholders of record as of May 29, 2012. The yield based on the new payout is 3.8%.

Lexmark International, Inc. (LXK) engages in the development, manufacture, and supply of printing, imaging, document workflow, and content management solutions. April 26th the company increased its quarterly dividend 20% to $0.30 per share. The dividend is payable June 15, 2012, to shareholders of record as of the close of business on June 1, 2012. The yield based on the new payout is 4.0%.

Sensient Technologies Corporation (SXT) engage in the manufacture and sale of colors, flavors, and fragrances worldwide. April 26th the comapny increased its quarterly dividend 4.8% to $0.22 per share. The dividend is payable June 1, 2012, to shareholders of record on May 9, 2012. The yield based on the new payout is 2.3%.

Provident Financial Services, Inc. (PFS) operates as the holding company for The Provident Bank that provides banking services to individuals, families, and businesses in New Jersey. April 26th the company increased its quarterly dividend 8.3% to $0.13 per share payable. The dividend is payable on May 31, 2012, to stockholders of record as of the close of business on May 15, 2012. The yield based on the new payout is 3.6%.

Cracker Barrel Old Country Store, Inc. (CBRL) engages in the development and operation of the Cracker Barrel Old Country Store restaurant and retail concept in the United States. $0.40 per share. The dividend is payable on August 6, 2012 to shareholders of record as of July 20, 2012. The yield based on the new payout is 2.8%.

Artesian Resources Corporation (ARTNA) provides water, wastewater, and engineering services on the Delmarva Peninsula. April 25th the company increased its quarterly dividend 2.5% to to $0.1978 per share. The dividend is payable on May 22, 2012 to shareholders of record at the close of business on May 9, 2012. The yield based on the new payout is 4.1%.

Chevron Corporation (CVX) engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. April 25th the company increased its quarterly dividend 11.1% to $0.90 per share. The dividend is payable June 11, 2012, to shareholders at the close of business on May 18, 2012. The yield based on the new payout is 3.5%.

Aspen Insurance Holdings Limited (AHL) provides insurance and reinsurance solutions worldwide. April 25th the company increased its quarterly dividend 13% to $0.17 per share. The dividend is payable on May 25, 2012 to the holders of record as of the close of trading on May 10, 2012. The yield based on the new payout is 2.4%.

Exxon Mobil Corporation (XOM) engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas, and petroleum products. April 25th the company increased its quarterly dividend 21% to $0.57 cents per share. The dividend is payable on June 11, 2012 to shareholders of record of Common Stock at the close of business on May 14, 2012. The yield based on the new payout is 2.6%.

E. I. du Pont de Nemours and Company (DD) operates as a science and technology based company worldwide. April 25th the company increased its quarterly dividend 5% to $0.43 per share. The dividend is payable June 12, 2012, to stockholders of record May 15, 2012. The yield based on the new payout is 3.2%.

Linn Energy, LLC (LINN), an independent oil and natural gas company, engages in the acquisition and development of oil and gas properties. April 24th the partnership increased its quarterly distribution 5% to $0.725 per unit. The distribution is payable May 15, 2012, to unitholders of record at the close of business May 8, 2012. The yield based on the new payout is 7.5%.

Vanguard Natural Resources, LLC (VNR) engages in the acquisition and development of oil and natural gas properties in the United States. April 24th the partnership increased its quarterly distribution 0.9% to $0.5925 per unit. The distribution is payable on May 15, 2012 to unitholders of record on May 8, 2012. The yield based on the new payout is 8.6%.

UGI Corporation (UGI) distributes and markets energy products and related services in the United States and internationally. April 24th the company increased is quarterly dividend 4% to $0.27 a share on the company's common stock. The dividend is payable July 1, 2012 to shareholders of record as of June 15, 2012. The yield based on the new payout is 4.0%.

First Community Bancshares, Inc. (FCBC) operates as a financial holding company of First Community Bank, N.A. that provides various commercial and consumer banking products and services. April 24th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable to shareholders of record on May 11, 2012, and is expected to be paid on or about May 25, 2012. The yield based on the new payout is 3.2%.

Oritani Financial Corp. (ORIT) operates as the holding company for Oritani Bank that provides retail and commercial banking services to individual and business customers in New Jersey. April 24th the comapny increased its quarterly dividend 20% to $0.15 per share. The dividend is payable May 18, 2012 to shareholders of record on May 4, 2012. The yield based on the new payout is 4.1%.

First Financial Bankshares, Inc. (FFIN) provides commercial banking products and services primarily in Texas. April 24th the company increased its quarterly dividend 4.2% to $0.25 per share. The dividend is payable July 2, 2012 to shareholders of record on June 15, 2012. The yield based on the new payout is 3.0%.

Parker Hannifin Corporation (PH) manufactures fluid power systems, electromechanical controls, and related components worldwide. April 24th the company increased its quarterly dividend 5% to $0.41 per share. The dividend is payable June 1, 2012 to shareholders of record as of May 10, 2012. The yield based on the new payout is 2.0%.

Ameriprise Financial Inc. (AMP) provides a range of financial products and services in the United States and internationally. april 23rd the company increased its quarterly dividend 25% to $0.35 per share. The dividend is payable on May 18, 2012 to shareholders of record at the close of business on May 4, 2012. The yield based on the new payout is 2.6%.

Williams Partners L.P. (WPZ) focuses on natural gas transportation, gathering, treating and processing, storage, natural gas liquid fractionation, and oil transportation activities in the United States. April 23rd the partnership increased its quarterly distribution 2% to $0.7775 per unit. The distribution is payable on May 11, 2012, to unitholders of record at the close of business on May 4. The yield based on the new payout is 5.7%.

AmeriGas Partners, L.P. (APU) AmeriGas Propane, L.P., operates as a retail and wholesale distributor of propane gas in the United States. April 23rd the partnership increased is quarterly distribution 5% to $0.80 per unit. The distribution is payable May 18, 2012 to unitholders of record May 10, 2012. The yield based on the new payout is 8.2%.

Oiltanking Partners, L.P. (OILT) provides storage, terminaling, and transportation services for third-party companies engaged in the production, distribution, and marketing of crude oil, refined petroleum products, and liquefied petroleum gas. April 23rd the partnership increased its quarterly distribution 2.9% to $0.35 per unit. The distribution is payable May 14, 2012 to all unitholders of record on May 3, 2012. The yield based on the new payout is 4.6%.

Hasbro, Inc. (HAS) engages in the provision of children's and family leisure time products and services worldwide. April 23rd the company increased its quarterly dividend 20% to $0.36 per share. the dividend is payable on May 15, 2012 to shareholders of record at the close of business on May 1, 2012. The yield based on the new payout is 4.2%.

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 JNJ, CVX in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.

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