You may not know dividends have the added bonus of being extremely difficult for companies to fake. After all, it is not easy to convince lenders to loan money to a company that anticipates turning around and handing it over to its shareholders. As a result, to sustainably make and increase those dividends, the business strongly requires generating serious cash on both a regular and repeatable basis.
Some benefits associated with the stable dividend policy include (1) it helps in lifting long-term finance. When the company attempts to raise finance in future, the investors would scrutinize the dividend history of the company. The investors would not be uncertain to put money in company with stable dividend policy. (2) As it will improve the reputation of the company, the price of its shares is likely to remain at a high level. (3) The shareholders show more confidence in management. (4) Such policy makes long-term planning easier.
Below we provide a list of firms including some popular stocks that raised their dividends during the week ended January 16, 2015.
Wisconsin Energy Corp declared a 8.3% increase in the Company’s quarterly common stock dividend, to 42.25 cents per share or $1.69 annualized from 39 cents per share. The electric utility provider said the increased dividend will be due on March 1, 2015, to stockholders of record on February 13, 2015. The stock will go ex-dividend on February 11, 2015. This company has a history of raising dividends for 11 years.
ONEOK Inc announced a quarterly dividend of 60.5 cents per share, representing an increase of 2.5% from the prior dividend of 59 cents. The new dividend with an ex-dividend date of January 18, 2015, bring the annualized payout to $2.42. That payment will be made on February 13, 2015, to stockholders of record on Janruary 30, 2015. The diversified energy company has paid uninterrupted and unreduced dividends for 12 consecutive years.
Fastenal upped its quarterly dividend by 12% to $0.28 or $1.12 annualized from the prior dividend of 25 cents. The new dividend is set to be paid on February 27, 2015 to all shareholders on record as of January 30, with an ex-dividend date of January 28. The company has increased its dividend payout for 20 consecutive years.
Consolidated Edison will start paying a quarterly dividend of 65 cents per share compared with the prior dividend of $0.63. The new monthly dividend amount represents a 3.1% rise and yields an annualized dividend amount of $2.60. The new dividend is scheduled to be paid on Match 15, 2015, to stockholders of record on February 18, 2015, with an ex-dividend date of February 13, 2015. It has increased its dividend for the past 40 consecutive years.
Omega Healthcare Investors recently lifted its quarterly dividend by 1.9% to 53 cents per share from 52 cents. The company said the raised dividend will be payable Feb. 16 to shareholders of record on Feb. 2. This company has a history of raising dividends for 11 years.
BlackRock, Inc. hiked its quarterly dividend by 13% to $2.18 a share or or $8.72 annualized. Its prior dividend was $1.93. The new payment is scheduled to be made on Mar. 24, 2015 to shareholders of record as of Mar. 6. The company has paid uninterrupted and unreduced dividends for 5 consecutive years.
Schlumberger lifted its quarterly dividend by 20% to $0.50 per share from $0.40 per share. That yields an annualized dividend amount of $2 per share versus. The increased quarterly dividend is scheduled to be paid on Apr 10, 2015 to shareholders of record as of Feb 11, 2015. It has increased its dividend for the past 4 consecutive years.
Regency Centers Corporation announced a 3.2% increase in the Company’s quarterly common stock dividend. It will pay dividend of 48.5 cents per share versus the prior dividend of 47 cents, bringing the annualized payout to $1.94. The raised dividend is scheduled to be paid on March 5, 2015, to stockholders of record on February 23, 2015, with an ex-dividend date of February 19, 2015.