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General Electric (NYSE: GE) Raises Dividend; 15 Other Companies Follow Suit
By: Dividend Growth Investor   Monday, July 26, 2010 9:19 AM
Symbols: ALTR, AOS, ARG, DLR, EEP, EEQ, EPB, ETN, GE, KMR, LNN, NMM, SBUX, SEP, SLH, VNR, WFD
Yield: 5.70%

El Paso Pipeline Partners, L.P. (NYSE: EPB) engages in the ownership and operation of natural gas transportation pipelines and storage assets in the United States. declared a $0.40 per unit quarterly cash distribution for the second quarter of 2010, or $1.60 per unit on an annualized basis. This distribution represents a 21% increase from the $0.33 per unit paid for the second quarter 2009 and a 5% increase from the $0.38 per unit paid for the first quarter 2010. El Paso Pipeline Partners, L.P. has raised distributions every quarter since going public in 2008. Yield: 5.10%

Vanguard Natural Resources, LLC, (NYSE: VNR) through its subsidiaries, engages in the acquisition and development of natural gas and oil properties in the United States. The company raised quarterly distributions by 4.80% to 55 cents/unit. Vanguard Natural Resources, LLC has consistently raised distributions since going public in 2008. Yield: 8.90%

Spectra Energy Partners, LP, (NYSE: SEPthrough its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States. This master limited partnership raised quarterly distributions by 2.40% to 43 cents/unit. Spectra Energy Partners, LP has raised distributions every quarter since going public in 2007. Yield: 4.90%

Other companies raising dividend include:

Starbucks Corporation (NASDAQ: SBUX) engages in the purchase, roasting, and sale of whole bean coffees worldwide. The company increased quarterly dividend 30% to 13 cent/share. This was the first dividend increase since the company started paying dividends earlier this year. Yield: 2.10%

Westfield Financial, Inc. (NASDAQ: WFD) operates as the bank holding company for Westfield Bank that provides various banking products and services to businesses and individuals in Massachusetts. The company raised dividends by 20% to $0.06 per share. This company has not only consistently raised distributions since 2003, but also frequently pays special dividends to shareholders. Yield: 2.80%

Eaton Corporation (NYSE: ETN) operates as a power management company primarily in the United States, Canada, Latin America, Europe, and the Asia Pacific. The company also increased their quarterly dividend 16% to 58 cents/share. This was the first dividend increase since 2008. Yield: 3%

Solera Holdings, Inc. (NYSE: SLH) provides software and services to the automobile insurance claims processing industry. The company's board of directors approved a 20% increase in its quarterly dividend to 7.50 cents/share. This was the first dividend increase since the company started paying dividends in 2009.

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