Recently, the following companies announced increased cash dividends:
Graco (GGG) is a U.S.-based global producer of industrial pumps, valves, meters and accessories. December 4th the company increased its quarterly dividend 5% to $0.20/share. The dividend is payable on February 3, 2010, to shareholders of record at the close of business on January 19, 2010. The ex-dividend date is January 15, 2009. The yield based on the new payout is 2.80%.
Brandywine Realty Trust (BDN) is a real estate investment trust that owns, manages or has ownership interests in office and industrial properties. December 8th the company raised its quarterly dividend by 50% to $0.15/share. The dividend is payable on January 20, 2010 to holders of record on January 6, 2010. The yield based on the new payout is 5.87%.
Western Union (WU) is a leading independent provider of consumer money transfer services. December 9th the company boosted its quarterly dividend 600% to $0.06/share. The dividend is payable December 30, 2009 to shareholders of record at the close of business on December 21, 2009. The ex-dividend date is December 17, 2009. The company also authorized a new $1 billion share repurchase authorization. The new $1 billion, three year share repurchase authorization is effective as of January 1, 2010. The yield based on the new payout is 1.27%.
Valspar (VAL) manufactures and distributes a wide range of paints and coatings for architectural, industrial, packaging, automotive refinish and other markets. December 9th the company increased its quarterly dividend 7% to $0.16/share. The dividend is payable January 15, 2010 to all common stockholders of record on December 31, 2009. The ex-dividend date is December 29. VAL is a Dividend Achiever and has increased its dividend for 29 consecutive years. The yield based on the new payout is 3.29%.
DPL Inc. (DPL) is a utility that serves more than 500,000 electric retail customers in west central Ohio. December 9th the company raised its quarterly dividend 7% to $0.3025/share. The yield based on the new payout is 4.27%.
Horace Mann (HMN) markets and underwrites personal lines of property and casualty and life insurance and retirement annuities in the U.S. December 9th the company boosted its quarterly dividend 52% to $0.08/share. The dividend is payable on December 31, 2009 to shareholders of record as of December 21, 2009. The yield based on the new payout is 2.66%.
Erie Indemnity (ERIE) provides sales, underwriting, and policy issuance services to the policyholders of Erie Insurance Exchange in the United States. December 10th the company increased its quarterly dividend $0.48/share. The dividend is payable January 20, 2010, to shareholders of record as of January 5, 2010, with a dividend ex-date of December 31, 2009. ERIE is a Dividend Achiever and has increased its dividend for 19 consecutive years. The yield based on the new payout is 5.15%.
Edison International (EIX) is the holding company for Southern California Edison; businesses include electric power generation, financial investments, and real estate development. December 10th the company boosted its quarterly dividend 2% to $0.315/share. The dividend is payable January 31, 2010, to shareholders of record on December 31, 2009. The yield based on the new payout is 3.55%.
When a company raises its cash dividend, management is making a positive statement on their view of the future. 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 income holdings here.
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