Dividend Increases - April 18, 2009

Dividend increases picked up this week as we head into what is normally a busy period for announcements. Dividend investors always look forward to seeing their cash dividends increase. This week's dividend increases include:

• Procter & Gamble Company (PG) announced a 10% increase in its quarterly dividend to $0.44/share. Yield: 3.17%
• Anworth Mortgage Asset Corporation (ANH) increased its quarterly common stock dividend 15.4% to $0.30/share. Yield: 18.18%
• International Speedway Corporation (ISCA) declared an annual dividend of $0.14/share, an increase of 16.6%. Yield: 0.7%
• H.B. Fuller (FUL) raised its quarterly dividend by 3% to $0.068/share. Yield: 1.55%
• Donegal Group (DGICA) boosted its quarterly dividend by 7.1% to $0.1125/share. Yield: 2.72%
• Southside Bancshares (SBSI) increased its quarterly dividend by 7.1% to $0.1125/share. Yield: 2.55%

The dividend slashers haven't gone away, but the dividend raisers are starting to make their presence known. For more companies around the world with a long string of consecutive dividend increases, see my updated Stock Ideas page.

Full Disclosure: No position in any of the aforementioned securities.

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