Dividend Increases!There seemed to be quite a few companies raising dividends in January 2014 but only a few that really caught my interest.  Only one company on my watchlist (Top 35 Dividend Growth Stocks) announced a dividend increase and there were also a few others that  I’ll be interested in looking more into later.  Here you’ll find the dividend increases announced in January 2014 that caught my attention.

Norfolk Southern (NSC) - Norfolk Southern is a railroad company that transports raw materials and other goods through the United States.  An investment in Norfolk Southern 10 years ago would have turned out pretty spectacular for those savvy enough to buy at that time.  In January, Norfolk Southern announced a dividend increase of $0.02 from $0.52 to $0.54 per quarter.  This is only an increase of 3.85%.  I own shares of Norfolk Southern and would have preferred a larger dividend increase but at least they are keeping pace with inflation this year.  This marks the company’s 13th year of growing dividends.

Williams Companies (WMB) - Williams Companies is an energy infrastructure company.  They increased their dividend rate for the 11th straight year.  In January 2014, Williams Companies grew their dividend rate from $0.38 to $0.4025 which is an increase of 5.93%.

Dominion Resources (D) - Dominion Resources is involved with producing and transporting electric energy products throughout the United States.  Dominion Resources recently announced a dividend increase of 6.67%.  The company increased its dividend rate from $0.5625 to $0.60. This marks 11 years of dividend growth for Dominion Resources.

Tupperware Brands (TUP) - Tupperware Brands is a direct seller of consumer products through a worldwide independent sales force.  Most popular products include their kitchenware Tupperware.  The company has had 5 years of dividend growth and recently announced an increase of 9.68%.  This brings the Tupperware dividend rate from $0.62 to $0.68 per share.

Quest Diagnostics (DGX) - Quest Diagnostics provides diagnostic testing information services in the United States and internationally.  They caught my attention because this is the company that provides the results when I have blood testing done at my doctor or employer.  Recently, Quest Diagnostics grew their dividend rate from $0.30 to $0.33 per share.  This is an increase of 10% marking their 3rd year in a row of dividend growth.

Consolidated Edison (ED) - Consolidated Edison is engaged in the regulated electric, gas and steam delivery business.  Consolidated Edison has a very long dividend growth streak of 40 years.  Recently, Consolidated Edison kept their dividend growth streak alive with a small increase of 2.44%.  The company grew its quarterly dividend rate from $0.615 to $0.63 per share.

As you can see there were a few interesting dividend increases this past month.  Out of all the dividend increases, I own one company (Norfolk Southern).  Of the rest, I have marked down 4 new companies that I’d like to look closer into and become more familiar with.

Were you pleased with any of these dividend increases?  Were any of them disappointments for you?  Share your thoughts in the comments below!

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6 Responses to Notable Dividend Increases: January 2014

  1. kolpin says:

    NSC’s divvy raise was actually an unexpected and welcome surprise–the second raise in less than 6 months!

    • Dan Mac says:

      Oh thanks for letting me know Kolpin! I didn’t realize this was their second raise in 6 months and if that is the case then I’m not disappointed with it at all!

      • Marvin says:

        Norfolk Southern is making a killing because these natural gas and oil companies have no other way to transport these commodities because the infrastructure isn’t in place yet.

        • Dan Mac says:

          That sounds good for the short term. Eventually won’t more infrastructure be in place and some of this business will leave Norfolk Southern? Hopefully they can compete and keep doing well with the natural gas freight.

  2. Up here in Canada, TD Bank (TD) recently raised their dividend by 1.2%. Not a huge increase but they announced a 2:1 stock split at the same time.

    DGX’s 10% increase is awesome though!

    Gotta love dividend increases!

    • Dan Mac says:

      Thanks for pointing out about TD Bank! Do they have a dividend growth streak going? While it’s not the best dividend increase, it still keeps their streak alive showing their commitment to dividend growth.

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