There were some good dividend increases in June 2013 that investors might be interested in.  Personally, none of the companies I own had increases this past month but there was a company from my Top 35 Dividend Growth Stocks that increased their rate.  Did any companies you owned or are interested in raise their dividend in June?

Cracker Barrel (CBRL) - Cracker Barrel is a casual dining restaurant company in the United States.  This country style restaurant chain has been increasing dividends for 11 years in a row.  This past month, Cracker Barrel grew their dividend rate by 50% from $0.50 to $0.75 per share each quarter.

Caterpillar (CAT) -Caterpillar Inc. manufactures and sells construction and mining equipment.  This construction heavy equipment maker has increased their dividend for 20 years in a row.  In June, CAT raised their quarterly dividend rate from $0.52 to $0.60 per share.  This is a great increase of 15.39%.

Target Corp. (TGT) - Target is a general merchandise retailer in the United States.  Recently in June, Target raised their dividend amount from $0.36 to $0.43 per share each quarter for an increase of 19.45%.  This is the 46 year in a row Target has paid out increasing dividends.

Casey’s General Stores (CASY) – Casey’s operates convenience stores located in 14 states across the Midwest United States.  This convenience store operator has increased dividends for shareholders annually over the past 14 years.  Recently, Casey’s increased the quarterly dividend rate from $0.165 to $0.18 for a 9.09% growth rate.

U.S. Bancorp (USB)  - U.S. Bancorp is a banking company providing a range of financial services in the United States.  USB has been growing their dividend rate for the past 3 years since the banking crisis in the U.S.  Recently, U.S. Bancorp increased their dividend from $0.195 to $0.23 for a growth rate of 17.95%.

Medtronic (MDT) - Medtronic, Inc. manufactures and sells device based medical therapies worldwide.  This medical technology company has been increasing dividends for 36 years in a row.  In June, Medtronic increased the quarterly dividend rate from $0.26 to $0.28 per share.  This is an increase of 7.70%.

As you can see there weren’t too many dividend increases in June that I was particular interested in.  However, the dividend increases that did occur were very substantial for dividend investors.  These are just a few companies that dividend growth investors may be interested at looking further into.

Were there any dividend increases you were particular excited about this past month?  Please share in the comments below!

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Related posts:

  1. Notable Dividend Increases: Week of June 15, 2012
  2. Notable Dividend Increases: February 2013
  3. Notable Dividend Increases: May 2013
  4. Notable Dividend Increases: March 2013
 

8 Responses to Notable Dividend Increases: June 2013

  1. Good to see Target maintaining high year over year dividend growth. A little less than average over the last few years percentage wise but now that its yielding 2%+ that makes sense.

    • Dan Mac says:

      I think TGT’s dividend growth was very good this year. I haven’t analyzed what their past growth rates have been but I’d be pretty pleased with a near 20% increase. Target management seems to be doing a good job with this retail company.

  2. I own CAT, TGT and MDT and all of those increases were very much welcomed. I was really looking forward to CAT’s increase to try and get an idea of what management thinks will be going on in the global economy. I feel that a 15% increase is a very positive sign that management is quite bullish.

    • Dan Mac says:

      I agree that these dividend increases seem to be pretty bullish going forward. That is a nice sign coming from managements. They are on the forefront of spending and have all the inside information so seeing that they feel comfortable raising their dividends that much is a positive sign I believe.

      Since CAT is a construction equipment company, I especially like their 15% increase. This is a sign they believe the economy will continue to strengthen going forward and construction around the world will hopefully continue to pick up.

  3. I don’t own any of these. That sucks. :)

    I do want to buy MDT though. Need to stock up on COP and WFC first.

    Mark

    • Dan Mac says:

      I’m in the same boat as you Advisor! I prefer the months where my companies are increasing dividends. Too bad a dividend increase usually only comes once a year for each company!

  4. Martin says:

    Nice list of dividend increases. Unfortunately I do not own any of those stocks yet. I wish I had more money to buy more shares.

    • Dan Mac says:

      I understand your angst Martin! I found myself wishing I had more money the other day as I wanted to go on a stock buying spree!

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