Dividend GrowthWhile June may not have had much activity in regards to dividend increases being announced, the dividend growth companies that did raise their dividends certainly didn’t shy away from large increases.

Of the 8 dividend growth companies announcing raises, 3 companies grew their rate by more than 20% and all but one announced at least a 10% increase.

Let’s check them out!

Lowe’s Companies Inc. (LOW) - Lowe’s Companies operates as a home improvement retailer with over 1,800 stores located throughout the United States, Canada and Mexico.  Lowe’s Companies has a 52 year long dividend growth streak.  This past June they announced a 27.78% increase in their dividend rate growing it from $0.18 to $0.23 per share.

Helmerich & Payne Inc. (HP) – Helmerich & Payne is a contract drilling company for the oil and gas industry in North and South America.  They have a 42 year long dividend growth streak.  Recently, Helmerich & Payne announced that they were increasing their dividend rate from $0.625 to $0.6875 per share.  This is an increase of 10%.

FedEx Corporation (FDX) - FedEx provides parcel transportation, e-commerce and business services in the United States and internationally.  FedEx has been growing their dividend rate for 12 consecutive years.  In June, FedEx announced a 33.33% dividend increase.  They increased their quarterly rate from $0.15 to $0.20 per share.

Best Buy Co., Inc. (BBY) - Best Buy operates as a multinational retailer of technology products selling a variety of consumer electronics online and in traditional stores.  Best Buy has an 11 year dividend growth streak.  This past month, Best Buy announced an 11.76% increase in their dividend rate.  This raises the rate from $0.17 to $0.19 per share.

Casey’s General Stores, Inc. (CASY) - Casey’s General Stores operates convenience stores in 14 midwestern states.  The company has been growing their dividend rate for 14 consecutive years.  In June, Casey’s announced that they were increasing their dividend rate from $0.18 to $0.20 per share.  This is an increase of 11.11%.

Caterpillar Inc. (CAT) - Caterpillar manufactures and sells construction and mining equipment.  They have a 20 year long dividend growth streak.  Caterpillar recently announced a 16.67% dividend increase, growing their dividend rate from $0.60 to $0.70 per share.

Target Corp. (TGT) - Target Corp. operates general merchandise stores in the United States and Canada.  They have been growing their dividend rate for 46 consecutive years.  Target recently announced a 20.93% increase in their rate.  This grows the dividend from $0.43 to $0.52 per share.

Bowl America Incorporated (BWL-A) - Bowl America operates 18 bowling centers in the United States.  The company has been growing dividends for 41 years in a row.  In June, Bowl America raised their dividend rate 6.25% from $0.165 to $0.17 per share.

As you can see, there weren’t a ton of dividend growth companies announcing dividend hikes this past month.  However, the companies that did raise their rates certainly announced nice large increases.

Were you happy with any of the dividend increases this past month?  Did I miss any dividend increases?  Share your thoughts in the comments below!

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2 Responses to 8 Dividend Increases in June 2014

  1. I am still amazed by Target’s raise, but what a great move for shareholders. Thanks for the list and the tools you provide in general. Have a great week
    -Bryan

  2. Thanks for the update because I missed some of these. I’m still surprised by that huge increase from TGT but I’ll gladly take it.

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