Saturday, March 7, 2009

This Week's Dividend Increases - March 7, 2009

You expect your employer to give you a raise periodically. Why wouldn’t you expect the same from your investments? We all know about the power of compound interest (earning interest on interest) on growing wealth. Compound dividends are much more powerful - they are like compound interest on steroids. Not only are dividends being reinvested, but great dividend companies raise their dividends each year.

Here are several companies that are rewarding their shareholders with compound dividends:

  • Qualcomm (QCOM) lifts dividend 6% to $0.17/share (yield 1.84%)
  • General Dynamics (GD) boosts qtr. dividend 8.6% to $0.38/share (yield 3.48%)
  • Wal-Mart (WMT) increases its quarterly dividend 15% to $0.2725/share (yield 1.96%)
  • WGL Holdings (WGL) raises quarterly dividend 3.5% to $0.3675/share (yield 4.68%)
For more companies around the world with a long string of consecutive dividend increases, see Dividends Value's Stock Ideas page.

Full Disclosure: Long WMT

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