A few of the companies I own increased their dividend rates this past month along with a few great dividend paying companies that I don’t currently own. There were some very generous increases and some more modest increases that at least kept some nice dividend streaks alive. Here you will find the dividend increases from September 2013 that interested me the most.
Verizon Communications (VZ) - Verizon provides communications, information and entertainment products to a variety of consumers, businesses and government agencies. Verizon increased their quarterly dividend rate from $0.515 to $0.53 per share for an increase of 2.91%. This marks the 9th year of paying higher dividends for Verizon.
Philip Morris (PM) – Philip Morris is an international tobacco company selling many popular brands including Marlboro. PM has grown their dividend rate for 6 years in a row. Most recently, Philip Morris increased their dividend rate by 10.59% from $0.85 to $0.94 per quarter.
Royal Caribbean Cruises (RCL) - This worldwide cruise company increased it’s dividend rate for the 2nd year in a row. The recent increase brought the quarterly dividend rate from $0.12 to $0.25 per share. This is an increase of 108%.
McDonald’s (MCD) - McDonald’s is a fast food restaurant company selling Big Mac’s and Happy Meals across the globe. They have a 38 year history of paying increasing dividend rates. In September, McDonald’s increased their dividend rate by 5.19% from $0.77 to $0.81.
Microsoft (MSFT) - This technology giant increased their dividend in September by 21.74%. The rate grew from $0.23 to $0.28 per quarter. This marks 11 years of increasing dividends for the computer software company.
Texas Instruments (TXN) – Texas Instruments designs, manufactures and sells semiconductors to electronics designers and manufacturers worldwide. They have paid out annually increase dividends for 10 years in a row. Most recently, TXN increased their dividend rate by 7.14% from $0.28 to $0.30 per share.
Kroger (KR) – The Kroger Co. is a grocery retailer operating in the United States. They have paid out increasing dividends for 8 consecutive years. In September, Kroger increased their dividend rate from $0.15 to $0.165 per share. This is an increase of 10%.
Yum! Brands (YUM) - Yum! Brands is a fast food operator of Taco Bell, Pizza Hut and KFC restaurants. Recently YUM grew their dividend by 10.45% from $0.335 to $0.37 per share each quarter.
Campbell Soup (CPB) - The Campbell Soup Company manufactures and markets branded food products. They recently increased their dividend rate by 7.59%. Shareholders of Campbell Soup will now recieve $0.312 compared to the old $0.29 per share each quarter. This marks the first dividend increase since 2010 for this food company.
Lockheed Martin Corporation (LMT) - Lockheed Martin is a security and aerospace company operating in advanced technology systems and products for defense, civil and commercial consumers. LMT has increased their dividend for 11 straight years. The recent dividend increase was from $1.15 to $1.33 for a growth rate of 15.65%.
Were there any dividend increases you were particular excited about this past month? Please share in the comments below!
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