After a slow week for dividend increases last week, eleven companies with strong balance sheets showed enough confidence in their ability to generate sufficient cash flows to substantiate dividend raises. Despite the tough economic conditions the USA is experiencing, these companies still managed to defy the odds and increase their cash dividends. The companies that showed their promise in rewarding stockholders include:

Enterprise Products Partners L.P. (NYSE: ), a midstream energy company, which provides services to producers and consumers of natural gas, natural gas liquids (NGL), crude oil, and petrochemicals, increased its quarterly distributions by 5.60% to 54.50 cents per share. Enterprise Products Partners L.P. is a dividend achiever, which has increased its quarterly dividend in each of the past eleven years. The stock currently yields 7.80%.

A. O. Smith Corporation (NYSE: ), which, increased its quarterly dividend by 2.60% to 19.50 cents per share. A. O. Smith Corporation is a dividend achiever, which has increased its quarterly dividend for 16 consecutive years. The stock currently yields 2.00%.

Harleysville Savings Financial Corporation (NasdaqGM: ), which provides various banking services in southeastern Pennsylvania, boosted its quarterly dividend by 5.60% to 19 cents per share. Harleysville is a dividend achiever, which has increased its quarterly dividend for more than a decade.