Dividend Increases - April 25, 2009

Blue-chip dividend increases continued this week and I anticipate more in the coming weeks. Dividend investors always appreciate seeing their cash dividends increase from low-debt dividend stocks. This week's dividend increases include:

• Johnson & Johnson (JNJ) announced a 6.5% increase in its quarterly dividend to $0.49/share, Yield: 3.60%
  
• Southern Company (SO) raises annual dividend by 4.2% to $1.75/share, Yield: 5.94%
  
• Coach (COH) initiates $0.30/share annual dividend, Yield: 1.32%
• Hudson City Bancorp (HCBK) bumps its quarterly dividend to $0.15/share, Yield: 4.93%
• J. M. Smucker (SJM) boosts dividend 9.3% to $0.35/share, Yield: 3.65%

To paraphrase John D. Rockefeller, "Do you know the only thing that gives me pleasure? It’s to see my dividends increasing each year." For more companies around the world with a long string of consecutive dividend increases, see my updated Stock Ideas page.

Full Disclosure: Long JNJ

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