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.

 

If you enjoyed this article then we invite you to subscribe to our free dividend newsletter.

  

Leave a Response: