New Dividend: 27 cents quarterly (per share)
Dividend Percent Increase: 8%Current Yield: 1.81% Agricultural firm Bunge (BG - Get Report) is another firm that's increased its dividend payouts toward the end of May. The $8.7 billion firm increased its cash payouts to shareholders by 8%, raising its dividend yield to 1.8%. Bunge acts as a middleman between farmers and consumers, processing raw agricultural commodities on one side, and supplying farmers with products like fertilizer on the other. That middleman status comes with strings attacked -- the biggest is the fact that when BG's business becomes too profitable, farmers and retailers may opt to find ways of doing business that let them keep more of that money. So while Bunge's dividend hike is a great move for existing shareholders, paper-thin margins and a relatively small yield make it a less attractive name for income investors in 2012.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts