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Dividends4Life (43.50)

This Stock Had A Double-Digit Yield Before Thursday's Increase

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August 06, 2012 – Comments (0) | RELATED TICKERS: MCC , NSC , WTR

Medley Capital (MCC) is a non-diversified, closed-end management investment company. The firm invests in the public equity markets of the United States. August 2nd the company increased its quarterly dividend 16% to $0.36 per share. The dividend is payable on September 14, 2012 to stockholders of record as of August 24, 2012. The yield based on the new payout is 11.8%.

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

Ritchie Bros. Auctioneers Incorporated (RBA), an industrial auctioneer, sells various equipment to on-site and online bidders. August 2nd the company increased its quarterly dividend 9% to $0.1225 per share. The dividend is payable on September 7, 2012 to shareholders of record as of August 17, 2012. The yield based on the new payout is 2.6%.

Safety Insurance Group, Inc. (SAFT) provides private passenger automobile insurance products primarily in Massachusetts and New Hampshire. August 2nd the company increased its quarterly dividend 20% to $0.60 per share. The dividend is payable September 14, 2012 to shareholders of record at the close of business on September 4, 2012. The yield based on the new payout is 5.4%.

Aqua America, Inc. (WTR) operates regulated utilities that provide water or wastewater services in the United States. August 2nd the company increased its dividend 6.1% to to $0.175 per share. The dividend is payable December 1, 2012 to shareholders of record on November 16, 2012. The yield based on the new payout is 2.7%.

Apartment Investment and Management Company (AIV) is a real estate investment manager. The firm engages in the acquisition, ownership, management, and redevelopment of apartment properties. August 1st the company increased its quarterly dividend 11% to $0.20 per share. The dividend is payable dividend is payable on August 31, 2012, to stockholders of record on August 17, 2012. The yield based on the new payout is 3.0%.

Norfolk Southern Corporation (NSC) engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the United States. August 1st the company increased its quarterly dividend 6.4% to $0.50 per share. the dividend is payable Sept. 10 to stockholders of record on Aug. 13. The yield based on the new payout is 2.7%.

Murphy Oil Corporation (MUR) engages in the exploration and production of oil and gas properties worldwide. August 1st the company increased its quarterly dividend 13.6% to $0.3125 per share. The dividend is payable September 4, 2012 to holders of record August 17, 2012. The yield based on the new payout is 2.3%.

Sinclair Broadcast Group, Inc. (SBGI), a television broadcasting company, owns or provides programming, operating, or sales services to television stations and other commercial broadcasting groups in the United States. August 1st the company increased its quarterly dividend 25% to $0.15 per share. The dividend is payable September 14, 2012, to the holders of record at the close of business on August 31, 2012. The yield based on the new payout is 5.2%.

American States Water Company (AWR) provides water, electric, and contracted services in the United States. August 1st the company increased its quarterly dividend 27% to $0.355 per share. The dividend is payable September 1, 2012 to shareholders of record at the close of business on August 13, 2012. The yield based on the new payout is 3.5%.

Main Street Capital Corporation (MAIN) is a business development company specializing in equity, equity related, and debt investments in small and lower middle market companies. August 1st the company increased its monthly dividend 3.4% to $0.15 per share. the dividend is payable for each of October, November and December 2012. The yield based on the new payout is 7.2%.

Enbridge Energy Partners, L.P. (EEP) owns and operates crude oil and liquid petroleum transportation and storage assets, as well as natural gas gathering, treating, processing, transmission, and marketing assets. July 31st the company increased its quarterly distribution 2% to $0.5435 per unit. The distribution is payable August 14, 2012 to unitholders of record on August 7, 2012. The yield based on the new payout is 7.3%.

MKS Instruments, Inc. (MKSI) provides instruments, subsystems, and process control solutions that measure, control, power, monitor, and analyze parameters of manufacturing processes worldwide. July 31st the company increased its quarterly dividend 7% to $0.16 per share. The dividend is payable on September 14, 2012 to shareholders of record as of August 31, 2012. The yield based on the new payout is 2.4%.

West Bancorporation, Inc. (WTBA) operates as a bank holding company for West Bank that provides community banking and trust services primarily in the Des Moines and Iowa City, and Iowa metropolitan areas. July 27th the company increased its quarterly dividend 25% to $0.10 per share. The dividend is payable August 28, 2012, to shareholders of record on August 8, 2012. The yield based on the new payout is 4.0%.

Republic Services, Inc. (RSG) provides non-hazardous solid waste collection, transfer, and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. July 26th the company increased its quarterly dividend to $0.235 per share. The dividend is payable October 15, 2012 to stockholders of record on October 1, 2012. The yield based on the new payout is 3.3%.

Community Trust Bancorp, Inc. (CTBI) operates as the holding company for Community Trust Bank, Inc. that provides various banking products and services. July 26th the company increased its quarterly dividend 1.6% to $0.315 per share. The dividend is payable October 1, 2012, to shareholders of record on September 15, 2012. The yield based on the new payout is 3.7%.

Maxim Integrated Products, Inc. (MXIM) engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. July 26th the company increased its quarterly dividend 9% to $0.24 per share. The dividend is payable September 5, 2012, to stockholders of record on August 22, 2012. The yield based on the new payout is 3.5%.

1st Source Corporation (SRCE) operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services to individuals and businesses. July 26th the company increased its quarterly dividend 6.25% to $0.17 per share. The dividend is payable August 6, 2012 and will be paid on August 15, 2012. The yield based on the new payout is 3.1%.

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 CTBI in my Dividend Growth Portfolio and MAIN in my High-Yield Portfolio. See a list of all my dividend growth holdings here.

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