Throughout history there have always been great companies that stand head-and-shoulders above their peers and the competition. They are loved by their shareholders, hated by the competition and known by all. Just as all great companies have something in common, great dividend companies also have something in common. All great dividend companies have at least one characteristic in common – they consistently raise their dividends each year.
Below are several companies stepping up with higher cash dividends:
Occidental Petroleum Corporation (OXY) engages in the exploration and production of oil and gas properties in the United States and internationally. February 14th the company increased its quarterly dividend 18.5% to $0.64 per share. The dividend is payable on April 15, 2013, to stockholders of record as of March 8, 2013. The yield based on the new payout is 2.9%.