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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