Citigroup announced today that the company will officially reinstate their quarterly dividend at $.01 per share in June.
This is the first dividend increase since Harley-Davidson reduced their dividend by 70% in early 2009.
General Electric announced this week that the company is increasing their quarterly dividend by 7% to $.15 per share.
The Travelers Companies announced today that the company will increase their quarterly dividend by 14% to $.41 per share.
Ingersoll-Rand announced this week that the company will increase their quarterly dividend by 71% to $.12 per share.
Since announcing their initial dividend payment last June, Viacom shares have climbed over 45% and now yield only 1.1%. However, investors could see a larger dividend payout beginning this summer.
A recent research report from Sanford C. Bernstein & Co. commented that BP is on track to restore their dividend next year.
No sector reflects the markets attitude change more clearly than the deepwater drilling stocks.
Only 7 of the 43 dividend aristocrat stocks managed to post gains in June.
This marks the 7th consecutive year that Northrop Grumman has increased their dividend payment.