These Companies Raised Their Dividends Last Week

Delta Air Lines led a squadron of companies increasing their distributions in recent days.

May 13, 2014 at 2:00PM

Last week was kind to dividend investors; by my count, 10 companies raised their shareholder payouts.

The one garnering the most headlines was a highflier in more ways than one. Delta Air Lines (NYSE:DAL) said it will hand out a $0.09-per-share quarterly distribution for its next payout -- that's 50% higher than the most recent dividend of $0.06. The carrier has been doing well lately in a tough industry, and shareholders have rewarded it by more than doubling its stock price over the past year. Delta did not specify either the record or payment date of the distribution, saying only that it will be dispensed in the September quarter.

In the energy sector, Phillips 66 (NYSE:PSX) lifted its dividend by a chunky 28% to $0.50 per share. The company had a fine Q1, aided in no small part by the sale of its Phillips Specialty Products division to Warren Buffett's Berkshire Hathaway. Phillips 66 shareholders should be used to seeing dividend raises by now; the company increased its payout by 25% last October.

Phillips 66's upcoming distribution is to be paid on June 2 to stockholders of record as of May 19.

Double-digit percentage increases were in store for stockholders of hotelier Marriott International, specialty chemicals supplier Cabot International, battery maker EnerSys, and Fortune 500 member Cardinal Health:

 CompanyNew DividendRecord DatePayment DateOld DividendIncrease
Marriott $0.20 May 23 June 27 $0.17 18%
Cabot $0.22 May 30 June 13 $0.20 10%
EnerSys $0.175  June 13 June 27 $0.125 40%
Cardinal Health $0.3425 July 1 July 15 $0.3025 13%

Sources: Company websites, Nasdaq.

Joining the single-digit percentage-raise club last week were Baxter International (NYSE: BAX) and NACCO Industries. The former will hand out $0.52 per share -- a 6% increase over the existing $0.49 -- on July 1 to holders of record as of June 6. NACCO raised the dividend of both its Class A and Class B stock by 3% to $0.2575, from an even $0.25. The new payouts are to be distributed on June 13 to shareholders of record as of May 30.

Last week was a busy one for dividend increases. Hopefully this is a good omen for income investors, heralding more raises to come over the warmer months.

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Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends Berkshire Hathaway and owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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