Sunday, February 13, 2011
Last week we saw COP increase its dividend by a whopping 20%. It now yields an extremely high amount for a US oil company. The dividend blue chips have lagged the US equities market greatly during the past two years as investors have bid up the prices of the more speculative equities. I expect KO to shortly raise their dividend. I expect by perhaps 4 cents a share. That would be in keeping with their previous increases, but there is the possibility of a 5 cent increase. KMB recently raised its dividend by 4 cents a share. It was a somewhat modest 6% increase.