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What a difference a year can make. In 2009, it seemed like companies would never stop cutting their dividends. In 2010, stocks are falling over themselves to increase their dividends.
We have already seen 194 stocks in the S&P 500 increase their dividend this year and 10 companies have initiated dividend programs in 2010. That’s the most we’ve seen since 2005. Last year at this time we had seen 68 companies reduce their dividends, but so far this year only 3 have cut their dividend. While there are a few stocks like Capstead Mortgage that can’t seem to stop cutting their dividends, here are 15 stocks that can’t stop raising their dividends in 2010.
Airgas (NYSE:ARG)
22% increase in January
14% increase in July
Altria (NYSE:MO)
3% increase in February
9% increase in August
American Electric Power (NYSE:AEP)
2% increase in April
10% increase in October
2% increase in January
2% increase in October
20% increase in January
10% increase in August
9% increase in February
8% increase in September
Fastenal (NASDAQ:FAST)
7% increase in January
6% increase in July
Freeport McMoRan (NYSE:FCX)
100% increase in April
67% increase in October
Legg Mason (NYSE:LM)
33% increase in April
50% increase in October
5% increase in July
4% increase in October
Parker Hannifin (NYSE:PH)
4% increase in April
4% increase in August
7% increase in October
Public Storage (NYSE:PSA)
18% increase in March
23% increase in May
Starbucks (NASDAQ:SBUX)
Initiated dividend in March at $.40 per share
30% increase in July
Tiffany & Co. (NYSE:TIF)
18% increase in January
25% increase in May
Yamana Gold (NYSE:AUY)
50% increase in May
33% increase in August
50% increase in November
Dividend investors love stocks that consistently raise their dividends each year, but these 15 dividend stocks are going above and beyond that. Annual dividend increases may be fine for regular dividend stocks, but these premier dividend stocks are rewarding investors with multiple dividend increases this year.

Author's Disclosure: Long AUY

Source: 15 Stocks That Can't Stop Raising Their Dividends