There were some good dividend increases in July 2013. Dividend growth investors should pay attention to these dividend raisers to see if any interest them. Did any companies you owned or have your eyes on raise their dividend in July?
Paychex, Inc. (PAYX) - Paychex provides payroll, human resource, insurance and benefits outsourcing services for small to medium size businesses. This is the third year in a row for a dividend increase from Paychex. This past month, Paychex grew their dividend rate by 6% from $0.33 to $0.35 per share each quarter.
Walgreen Company (WAG) - Walgreen’s is one of the largest pharmacy/drugstore operators in the United States. Walgreen’s has paid out increasing dividends to investors for 38 consecutive years. In July, WAG raised their quarterly dividend rate from $0.275 to $0.315 per share. This is a great increase of 14.55%.
ConocoPhillips (COP) - ConocoPhillips explores for, produces, transports and markets crude oil and natural gas worldwide. Recently in July, ConocoPhillips raised their dividend amount from $0.66 to $0.69 per share each quarter for an increase of 4.55%. This is the 13th year in a row ConocoPhillips has paid out increasing dividends.
J.M. Smucker Company (SJM) – The J.M. Smucker Company manufactures and markets food products worldwide. This food products company has increased dividends for shareholders annually over the past 16 years. Recently, J.M. Smucker increased the quarterly dividend rate from $0.52 to $0.58 for a 11.54% growth rate.
Wisconsin Energy (WEC) - Wisconsin Energy generates and distributes electricity and natural gas in Wisconsin and Michigan. Wisconsin Electric has been growing their dividend rate for 10 years in a row. Recently, this energy company increased their dividend rate from $0.34 to $0.3825 for a growth rate of 12.5%.
Norfolk Southern (NSC) - Norfolk Southern is a rail transportation company in the eastern United States. This railroad company has been increasing dividends for 12 years in a row. In July, Norfolk Southern increased the quarterly dividend rate from $0.50 to $0.52 per share. This is an increase of 4%.
Wendy’s Company (WEN) - The Wendy’s Company owns and franchises Wendy’s fast food restaurants in the United States and internationally. This is the 2nd year in a row for the Wendy’s Company to increase their dividend rate. In July, Wendy’s grew their dividend by 25% from $0.04 to $0.05 per share.
The Hershey Company (HSY)- The Hershey Company is a chocolate and candy company selling products throughout the world. In July, Hershey’s increased their dividend rate for the 5th year in a row. Hershey Company grew their dividend rate from $0.42 to $0.485 per share for an increase of 15.48%.
Kellogg Company (K) - The Kellogg Company is a world food products company with many popular cereal and other food brands. Kellogg’s has grown their dividend rate for 9 years in a row. Recently Kellogg’s grew their dividend rate from $0.44 to $0.46 per share. This is a 4.55% growth rate.
PetMed Express (PETS) - PetMed Express operates as a pet pharmacy in the United States marketing pet medicines, health products and supplies for dogs and cats. PetMed Express has increased their dividend rate for 5 years in a row. In July, they increased their dividend rate by 13.33% from $0.15 to $0.17 per share.
As you can see there were quite a few good dividend increases in July that I was particular interested in. I was particularly pleased seeing a couple companies I own increase their rates such as Walgreen’s, ConocoPhillips and Norfolk Southern.
Were there any dividend increases you were particular excited about this past month? Please share in the comments below!
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