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This Mega-Cap Tech Stock Increased Its Dividend 75%

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August 20, 2012 – Comments (0) | RELATED TICKERS: CSCO , ITC , BMI

Move over Intel (INTC) and Microssoft (MSFT). Two years ago this networking giant didn't even pay a dividend. In April of this year, it increased its dividend 33%. Most investors would be satisifed with that increase, but the company wasn't finished boosting its dividend in 2012.

August 14th Cisco Systems, Inc. (CSCO) increased its quarterly dividend 75% to $0.14 per share. The dividend is payable October 24, 2012 shareholders of record as of the close of business on October 4, 2012. The yield based on the new payout is 3.2%.

Below are several other companies increasing their cash dividends during the last week:

ITC Holdings Corp. (ITC) engages in the transmission of electricity in the United States. August 16th the company increased its quarterly dividend 7% to $0.3775 per share. The dividend is payable September 17, 2012 to shareholders of record as of September 4, 2012. The yield based on the new payout is 2.1%.

Bob Evans Farms, Inc. (BOBE) owns and operates full-service restaurants under the Bob Evans and Mimi’s Café brand names in the United States. August 14th the company increased its quarterly dividend 10% to $0.275 per share. The dividend is payable September 17, 2012, to shareholders of record at the close of business on Tuesday, September 4, 2012. The yield based on the new payout is 2.8%.

CECO Environmental Corp. (CECE) provides air-pollution control technology products and services worldwide. August 14th the company increased its quarterly dividend 28.6% to $0.045 per share. The dividend is payable September 28, 2012, to all shareholders of record at the close of business on September 14, 2012. The yield based on the new payout is 2.2%.

Connecticut Water Service, Inc. (CTWS) operates as a regulated water company in Connecticut. August 13th the company increased its quarterly dividend 2.1% to $0.2425 per share. The dividend is payable September 17, 2012, for shareholders of record as of September 3, 2012. The yield based on the new payout is 3.1%.

Badger Meter Inc. (BMI) manufacturers and marketers flow measurement and control products to water and gas utilities, municipalities, and industrial customers worldwide. August 10th the company increased its quarterly dividend 6.25% to $0.17 per share. The dividend is payable September 14, 2012, to shareholders of record August 31, 2012. The yield based on the new payout is 2.0%.

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: No position in the aforementioned securities. See a list of all my dividend growth holdings here.

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