Gas and Utility Companies Keep Dividend Increases Flowing
The first week of March hasn’t brought as many dividend increases as we’ve seen in recent weeks but any increases are welcome news to income investors in this day and age. Wal-Mart is the highest profile company raising its dividend this week, and several notable gas companies have also increased their dividends.
General Shares
Southwest Gas Corp. (SWX), a supplier of natural gas to Arizona, Nevada and California, has increased its dividend 5.3% to $0.25 per share. This gives a new yield of 3.38%. The Andersons (ANDE), agriculture and transportation operators, has increased its quarterly dividend 3% to $0.09, leaving their new yield at a measly 1.08%. Hanover Insurance (THG), a provider of insurance and other financial products, has raised its dividend a generous 33%, giving a payout of $0.25 and a new yield of 2.34%. Similarly to Hanover Insurance, Fred’s (FRED) has increased its dividend 33% giving a new payout of $0.04 a share, and a yield of 1.50% based on this payout.
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