There were a few good dividend increases in the month of November and 1 notable dividend decrease.

AT&T Inc (T)AT&T is a provider of telecommunications service operating worldwide.  They recently increased their dividend from $0.44 to $0.45 quarterly for a 2.28% increase.  T closed Friday November 30, 2012 with a market price of $34.13 which gives them a current dividend yield of 5.28%.  AT&T has increased their dividend annually for the past 29 years.  While I’d generally prefer a higher increase, AT&T is a long established blue chip company with a long history of dividend increases and a decent sized current yield.

Emerson Electric Co. (EMR) - Emerson designs and supplies product technology and delivers engineering solutions and services in a range of industrial, commercial and consumer markets.  They recently increased their quarterly dividend from $0.40 to $0.41 for an increase of 2.5%.  EMR closed Friday November 30, 2012 with a market price of $50.23 giving them a current dividend yield of 3.27%.  EMR has increased their dividend for 56 consecutive years.  Once again not as high of a dividend increase as I’d prefer but EMR has a long reputation of dividend increases dating back over half a century.

Hormel Foods Corp (HRL) - Hormel is involved in the production and marketing of a variety of food and meat products.  Hormel recently increased their quarterly dividend from $0.15 to $0.17 per share for an increase of 13.34%.  HRL closed Friday November 30, 2012 with a market price of $31.01 which gives them a current dividend yield of 2.2%.  HRL has had 47 years of dividend growth.

Sysco Corp (SYY) - Sysco is a distributor of food and food related products to the food service industry.  Sysco had a dividend increase from $0.27 to $0.28 per quarter for a 3.71% dividend growth.  Sysco closed Friday November 30, 2012 with a market price of $31.65 which gives them a current dividend yield of 3.54%.  SYY has increased their dividend for 43 consecutive years.

Union Pacific Corp (UNP) - Union Pacific operates a railroad linking 23 states in the western United States.  Union Pacific recently had a dividend increase from $0.60 to $0.69 quarterly per share.  This is an increase of 15%.  UNP closed Friday November 30, 2012 with a market price of $122.78.  This gives UNP a currently dividend yield of 2.25%.  UNP has increased their dividend annually for the past 7 years.

Avon Products, Inc. (AVP) - Avon unfortunately had a dividend decrease in November from $0.23 to $0.06 per quarter for a decrease of 74%.  Previously Avon had increased it’s dividend annually for 22 years in a row.  This is a disappointment for dividend growth investors owning Avon.  Avon is a manufacturer and marketer of beauty products.  One of my rules is to sell a stock when companies decrease their dividend.

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