Dividend GrowthJuly seemed to be a slow month for dividend growth.  Digging through dividend announcements, I only found 4 companies with dividend growth streaks that announced increases this past month.  Happily, I am a proud owner of 3 of the companies making this a decent month for myself!

Let’s check out which companies were raising dividend rates this July 2014!

  • ConocoPhillips (COP) - This oil company has a 13 year dividend growth streak.  In July, COP increased their dividend rate from $0.69 to $073 per share.  This is an increase of 5.8%.


  • The J.M. Smucker Company (SJM) - Who doesn’t like some good jelly?  Well the J.M. Smucker Company is a worldwide food company with products ranging from jellies to juices to coffee.  The company sells brands such as Folgers, Smuckers, Jif, Crisco and more.  This food products company has a nice 16 year dividend growth streak.  The J.M. Smucker Company recently announced a 10.34% dividend increase.  This raises their quarterly dividend payment from $058 to $0.64 per share.
  • Norfolk Southern (NSC) - Norfolk Southern is a rail transportation company with tracks in 22 states mostly in the Eastern United States.  This railroad company has a nice 13 year dividend growth streak.  In July, Norfolk Southern announced a dividend increase of 5.56%, growing the quarterly distribution from $0.54 to $0.57 per share.


  • Kellogg Company (K) – Kellogg Company produces and markets ready to eat cereals and convenience foods in the United States and globally.  They have brands such as Kellogg’s cereals, Keebler cookies, Cheez-It crackers and Famous Amos cookies.  Kellogg’s has a 10 year dividend growth streak.  This past month, the company announced a 6.52% increase in their dividend rate.  Investors will now receive $0.49 per share each quarter, up from $0.46 per share.

As you can see, there weren’t a ton of dividend increases this past month.  However, as an investor, I was pleased to receive raises from ConocoPhillips, Norfolk Southern and Kellogg’s.  I would have preferred the raises to be higher but as long as they are outpacing inflation, I will remain happy.

Were you particularly excited about any dividend increases this past month?  Were there any good ones that I missed?  Please share in the comments below!

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2 Responses to 4 Dividend Increases in July 2014

  1. I’m grateful for the ConocoPhillips raise. I’ve stock in this company since 2008 and my only complaint is that I didn’t buy more. Have a great weekend Dan!

    • Dan Mac says:

      I’m a happy owner of ConocoPhillips as well Bryan. Pleased with the raise and looking for more in the future years!

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