Forget the snap and crackle, Kellogg's hopes for a pop with their future dividend increase news
Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.46 per share on the
common stock of the Company, payable on June 16, 2014, to shareowners of record at the close of business on June 2, 2014.
The ex-dividend date is May 29, 2014. This is the 358th dividend that Kellogg Company has paid to owners of common stock since 1925.
In addition, the Company's Board of Directors announced plans to increase the quarterly dividend by 6.5 percent to $0.49
per share beginning with the third quarter of 2014.
Cleco Corp Hikes Dividend Rate 10.3%
The board of directors of Cleco Corporation (NYSE:CNL) boosted its quarterly dividend rate by 10.3% to 40 cents
per share from 36.25 cents per share, bringing the annualized payout to $1.60 per share.
Management now expects a dividend payout ratio of 55% to 65% versus an earlier expectation of 50% to 60%.
The revised annualized dividend yield of the company comes to 3.15%, higher than the industry yield of 2.11%.
Avery Dennison tags stock with a 20% premium
Avery Dennison (NYSE:AVY) announced a new quarterly distribution of $0.35 per share,
marking a 20% increase from its prior dividend of $0.29 per share. The new dividend
will be payable on 6/18/2014 to shareholders on record as of 6/4/2014. The stock
will trade ex-dividend on 6/2/2014.
Not feeling the warmth of a measly 2% raise from CullenFrost Bankers
CullenFrost Bankers Inc. (NYSE:CFR) announced a new quarterly distribution of $0.51 per share,
marking a 2% increase from its prior dividend of $0.50 per share. The new dividend will
be payable on 6/13/2014 to shareholders on record as of 5/30/2014. The stock will trade
ex-dividend on 5/28/2014.
For 6 consecutive quarters Energy Transfer results in 3% increase
Energy Transfer Equity L.P. (NYSE:ETE) announced a new quarterly distribution of $0.35875 per
share, marking a 3% increase from its prior dividend of $0.34625 per share. The new
dividend will be payable on 5/19/2014 to shareholders on record as of 5/5/2014.
The stock will trade ex-dividend on 5/1/2014.
Crappy printers but a nice raise from Lexmark International: 20%
Lexmark International Inc. (NYSE:LXK) announced a new quarterly distribution of $0.36 per share,
marking a 20% increase from its prior dividend of $0.30 per share. The new dividend will be
payable on 6/13/2014 to shareholders on record as of 5/30/2014. The stock will trade ex-dividend
on 5/28/2014.
Open Text Corporation spells out a 15% increase
Open Text Corporation (NASDAQ:OTEX) announced a new quarterly distribution of $0.1725 per share,
marking a 15% increase from its prior dividend of $0.15 per share. The new dividend will be
payable on 6/13/2014 to shareholders on record as of 5/23/2014. The stock will trade ex-dividend
on 5/21/2014.
4 consecutive dividend inflations from USA Compression
USA Compression Partners, LP (NYSE: USAC) (the "Partnership") today announced an increased cash
distribution of $0.49 per unit on its common and subordinated units for the first quarter of 2014,
which corresponds to an annualized distribution rate of $1.96 per unit, up from the fourth quarter's
distribution rate of $0.48 per unit, or an annualized rate of $1.92. The Partnership's first quarter
distribution rate is an increase of 2.1% over the fourth quarter of 2013 and is up 12.6% year-over-year.
The distribution will be paid on May 15, 2014, to unitholders of record as of the close of business on May 5, 2014.
Celanese Corporation Increases Dividend 39 Percent
Celanese Corporation (NYSE:CE), a global technology and specialty materials company,
today announced that its board of directors has approved a 39 percent increase in the company's quarterly
common stock cash dividend. The dividend rate increased from $0.18 to $0.25 per share of common stock on a
quarterly basis and from $0.72 to $1.00 per share of common stock on an annual basis. The new dividend rate
will be applicable immediately.
Principal Financial Raises One's Interest by 14.3%
Principal Financial Group (NYSE:PFG) announced a new quarterly distribution of $0.32 per share,
marking a 14.3% increase from its prior dividend of $0.28 per share. The new dividend will
be payable on 6/27/2014 to shareholders on record as of 6/9/2014. The stock will trade ex-dividend
on 6/5/2014.
Rose Rock Midstream L.P. Raises Dividend 6.5%
Rose Rock Midstream L.P. (NYSE:RRMS) announced a new quarterly distribution of $0.495 per share,
marking a 6.5% increase from its prior dividend of $0.465 per share. The new dividend will be
payable on 5/15/2014 to shareholders on record as of 5/5/2014. The stock will trade ex-dividend
on 5/1/2014.
Regions Financial Corp Raises Dividend 66.7%
Regions Financial Corp. (NYSE:RF) announced a new quarterly distribution of $0.05 per share, marking
a 66.7% increase from its prior dividend of $0.03 per share. The new dividend will be payable
on 7/1/2014 to shareholders on record as of 6/13/2014.
Some beer money from Stein Mart: Dividend increased 50%
Stein Mart, Inc. (NASDAQ:SMRT) announced a new quarterly distribution of $0.075 per share, marking
a 50% increase from its prior dividend of $0.05 per share. The new dividend will be payable
on 7/18/2014 to shareholders on record as of 7/3/2014. The stock will trade ex-dividend on 7/1/2014.
At least the West Bancorp. dividend increase of 9% is not under dispute - second time in 12 months
West Bancorporation, Inc. (NASDAQ:WTBA) announced a new quarterly distribution of $0.12 per share,
marking a 9% increase from its prior dividend of $0.11 per share. The new dividend will be payable
on 5/27/2014 to shareholders on record as of 5/7/2014. The stock will trade ex-dividend on 5/5/2014.
"A dividend is a dictate of management. A capital gain is a whim of the market."