First Dividend Increase in 2011 Comes From Spectra Energy

Spectra Energy announced today that the company will increase their quarterly dividend by 4% to $.26 per share.


Following the dividend increase, Spectra shares will yield 4.2% based on today’s closing price.


Spectra Energy is the first stock to announce a dividend increase in 2011. Last year we saw 243 stocks in the S&P 500 increase their dividends, up from only 151 stocks in 2009.


Spectra shares gained nearly 22% in 2010 and easily outperformed the 13% gain in the S&P 500 index.


The increased dividend from Spectra Energy will be payable on March 4, 2011 to shareholders of record as of February 11, 2011.


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