As dividend income investors we are constantly seeking reliable sources of passive income from profitable companies that share their revenues with shareholders. But most of us take it a step further than simply investing in dividend stocks. After all, what good is a dividend distribution if it is not sustainable and gets cut or worse eliminated? We seek the coveted dividend raiser. The elite group of companies that historically raise their dividend every year. With that being said I’d like to review some recent dividend increase announcements from many well known companies.
Dunkin’ Brands Group, Inc. (DNKN) recently announced a sweet 15.2% increase in its dividend raising its dividend from 23 cents to 26.5 cents. DNKN currently yields 1.94%.
Another raise comes from a very familiar name found in many dividend portfolios, Union Pacific Corporation (UNP). UNP announced an increase from 50 cents to 55 cents for a generous 10.0% growth in dividend. UNP currently yields 1.81%.
Farming for a higher yield is Archer-Daniels-Midland Company (ADM) which announced a healthy 16.7% dividend increase raising its dividend from 24 cents to 28 cents. ADM currently yields 2.35%.
Popular among the dividend bloggers, no doubt putting a smile on their faces, is United Technologies Corporation (UTX). UTX recently announced a dividend increase from 59 cent to 64 cents a share for an 8.5% dividend growth. UTX is currently yielding 2.14%.
Motoring down the dividend raise highway is General Motors Company (GM) with a very generous 20.0% increase raising its quarterly dividend from 30 cents to 36 cents. GM has a current yield of 3.33%.
Not to be outdone, Harley-Davidson, Inc. (HOG) added a bit more horsepower to its dividend raising it from 27.5 cents to 31 cents for a 12.7% increase. HOG currently yields 1.93%.
Industrial giant Ingersoll-Rand Plc (IR) announced a double digit dividend gain of 16.0% raising its quarterly payout from 25 cents to 29 cents a share. IR currently yields 1.74%.
Finally, L Brands, Inc. (LB) is dressing up its dividend distribution by increasing its quarterly payout from 34 cents to 50 cents a share for a whopping 47.0% increase. LB currently yields 2.15%.
Getting a dividend raise is always a welcome gesture. After all, who doesn’t like getting a raise? Are any of the companies mentioned in your portfolio? Please let me know below.
Disclosure: Long IR