Thursday, April 30, 2009

Bexley Public Radio Dividend Note. No. 5, April 30, 2009.

An occasional note on dividends that have been increased recently.

This is an informal collection of some information on dividend increases.

No commentary, analysis or recommendation is offered in this informal journal.

AmeriGas Propane, Inc., Apr 28, 2009 (NYSE: APU) general partner of AmeriGas Partners, L.P. have declared a partnership distribution of $0.67 cents per limited partnership unit, payable May 18, 2009 to unitholders of record May 8, 2009. 

The increase in the regular quarterly distribution to $0.67 represents a 5% increase. The annualized distribution rate including this increase will be $2.68 per limited partnership unit. The partnership also announced that it will consider a one-time distribution in August 2009 of a portion of the proceeds of its November 2008 sale of its California propane storage terminal. 

AmeriGas Partners is the nation's largest retail propane marketer. UGI Corporation (NYSE: UGI) through subsidiaries owns 44% of the partnership and individual unitholders own the remaining 56%.

Costco Wholesale Corporation Apr 28, 2009 (NASDAQ: COST) today announced that its Board of Directors has declared a quarterly cash dividend on Costco Wholesale common stock and approved a quarterly increase from $.16 to $.18 per share, or $.72 per share on an annualized basis. The dividend of $.18 per share is payable May 29, 2009, to shareholders of record at the close of business on May 15, 2009.

Costco currently operates 554 warehouses, including 407 in the United States and Puerto Rico, 76 in Canada, 21 in the United Kingdom, six in Korea, five in Taiwan, eight in Japan and 31 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at and at in Canada. The Company plans to open an additional seven new warehouses and close two Home Stores prior to the end of its 2009 fiscal year on August 30, 2009.

W.W. Grainger Inc. Apr 29, 2009 (NYSE: GWW) boosted its quarterly dividend 15%, the industrial-supplies company's 38th-straight year of increases, as Grainger highlighted its "confidence in its future."

IBM Apr 28, 2009 (NYSR: IBM) board of directors declared a 10 percent increase in the company’s quarterly dividend and also allocated $3 billion more for stock repurchases.
Big Blue raised the dividend by a nickel, to 55 cents per common share. It’s the 14th straight year IBM has increased its quarterly dividend, which has gained 175 percent in value since 2006.

Johnson & Johnson Apr 23, 2009 (NYSE: JNJ) said today it raised its quarterly dividend by 6.5 percent, or 3 cents a share, to 49 cents a share. The new dividend is payable June 9 to shareholders on May 26.

L-3 Communications Apr 24, 2009 (NYSE: LLL) increased its quarterly cash dividend by 17% to $0.35 per share.

The Procter & Gamble Company Apr 14, 2009 (NYSE: PG) announced that its Board of Directors declared an increase in the quarterly dividend from forty cents ($0.40) to forty-four cents ($0.44) per share on its Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the company, payable on or after May 15, 2009 to shareholders of record at the close of business on April 24, 2009. This represents a 10% increase compared to the prior quarterly dividend.

J.M. Smucker Co. Apr 21, 2009 (NYSE: SJM) increased its quarterly dividend from 32 cents to 35 cents a share. The dividend is payable June 1 to shareholders of record May 15.

Southern Co. Apr 20, 2009 (NYSE: SO) boosted its annual dividend rate by 4.2 percent to 43.75 cents a share.
The 7-cent-a share increase (on an annual basis) marks the eighth straight year the Atlanta-based energy giant raised the dividend on its common stock.

"Southern Company has provided its investors with an exceptional total return over the long term, and the dividend is a key component of maintaining that commitment," said David M. Ratcliffe, chairman, president, and CE), in a news release.

"Continuing our tradition of more than 61 years of paying quarterly dividends is a reflection of our confidence in the long-term viability of our region's economy and the strength of our business."

Southern Co.’s profit was flat at $1.74 billion in 2008. Annual revenue jumped 11.6 percent to $17.1 billion.

Tanger Factory Outlet Centers, Inc. Apr 23, 2009 (NYSE: SKT) reported a dividend increase approved by Board of Directors to raise the quarterly common share cash dividend from $0.38 to $0.3825 per share, $1.53 per share annualized, representing the 16th consecutive year of increased dividends.


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Bexley Public Radio Foundation is exempt from federal taxes under IRC Section 501(c)(3). Donations are deductible from federal income taxes for individuals who itemize. Checks may identify the payee as Bexley Public Radio Foundation or WCRX-LP, 102.1 FM.

Design is copyright 2009. All rights reserved. Bexley Public Radio Foundation. Text is copyright 2009. All rights reserved. Bexley Public Radio Editorial Collective.

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