11 Companies, 11 Dividend Increases

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 |  Includes: ALB, CMCSA, FPL-OLD, KO, PEG, RCI, RNR, SCG, SHW, TEG, XTO
by: Dividends4Life

Coca-Cola (NYSE:KO) is the real thing in more than one way. KO was the King of Pop, long before Michael Jackson was born and after raising its quarterly dividend 8% to $0.41 per common share, KO can wear its aristocrat crown another year. The dividend is payable April 1, 2009, to shareowners of record as of March 15, 2009. After the announcement, shares of KO were yielding over 3.5%. This is the forty-seventh consecutive year KO has raised its dividend. Linked here is my most recent analysis of KO.

This week, Integrys Energy Group, Inc. (NYSE:TEG), an electric and natural gas utility holding company, showed that it has the power to light up dividend investors with its fifty-first annual dividend increase. On Tuesday, TEG increased its quarterly dividend $0.01 to $0.68 per share. The dividend is payable on March 20, 2009, to shareholders of record February 27, 2009. At the new rate, TEG is yielding around 6.5%. Linked here is my most recent analysis of TEG.

With the decline in construction, it is no secret that companies like Sherwin-Williams (NYSE:SHW) are facing many challenges. That makes its recent $0.005 increase in its quarterly dividend all the more impressive. The dividend is payable on March 13, 2009 to shareholders of record on February 27, 2009. The dividend yield on SHW shares is over 3%. This is the thirty-first consecutive year SHW has raised its dividend. Linked here is my most recent analysis of SHW.

Other companies looking to join the elite ranks by increasing their dividends include:

  • FPL Group (FPL-OLD) raised its quarterly dividend by 6.2% to $0.4725/share (yield 3.80%).
  • Public Service Enterprise Group (NYSE:PEG) increased its quarterly dividend by 3.1% (yield 4.52%).
  • XTO Energy (XTO) bumped its quarterly dividend to $0.125/share (yield 1.55%).
  • Comcast (NASDAQ:CMCSA) boosted its quarterly dividend 8% to $0.0675/share (yield 2.06%).
  • Rogers Communications (NYSE:RCI) raised its quarterly dividend to $0.29/share (yield 3.22%).
  • Albemarle (NYSE:ALB) increased its quarterly dividend by 4.2% to $0.125/share (yielding 2.39%).
  • RenaissanceRe (NYSE:RNR) bumped its quarterly dividend by $0.01 to $0.24/share (yielding 2.12%).
  • SCANA Corporation (NYSE:SCG) boosted its quarterly dividend by 2% (yield 5.89%).

For more companies around the world with a long string of consecutive dividend increases, see Dividends Value’s Stock Ideas page.

Full Disclosure: Long KO and TEG.