15 Stocks That Can't Stop Raising Their Dividends

What a difference a year can make. In 2009, it seemed like companies would never stop cutting their dividends. In 2010, stocks are falling over themselves to increase their dividends. We have already seen 194 stocks in the S&P 500 increase their dividend this year and 10 companies have initiated dividend programs in 2010. That’s the most we’ve seen since 2005. Last year at this time we had seen 68 companies reduce their dividends, but so far this year only 3 have cut their dividend. While there are a few stocks like Capstead Mortgage that can’t seem to stop cutting their dividends, here are 15 stocks that can’t stop raising their dividends in 2010. Airgas (ARG)22% increase in January14% increase in July Altria (MO)3% increase in February9% increase in August American Electric Power (AEP)2% increase in April10% increase in October Cintas (CTAS)2% increase in January2% increase in October CMS Energy (CMS)20% increase in January10% increase in August CSX (CSX)9% increase in February8% increase in September Fastenal (FAST)7% increase in January6% increase in July Freeport McMoRan (FCX)100% increase in April67% increase in October Legg Mason (LM)33% increase in April50% increase in October ONEOK (OKE)5% increase in July4% increase in October Parker Hannifin (PH)4% increase in April4% increase in August7% increase in October Public Storage (PSA)18% increase in March23% increase in May Starbucks (SBUX)Initiated dividend in March at $.40 per share30% increase in July Tiffany & Co. (TIF)18% increase in January25% increase in May Yamana Gold (AUY)50% increase in May33% increase in August50% increase in November Dividend investors love stocks that consistently raise their dividends each year, but these 15 dividend stocks are going above and beyond that. Annual dividend increases may be fine for regular dividend stocks, but these premier dividend stocks are rewarding investors with multiple dividend increases this year. Author's Disclosure: Long AUY... Read more