NEW YORK (TheStreet) -- In addition to model-portfolio holding Sonoco Products (SON) - Get Report, which we highlighted last week, here are four names from the S&P SuperComposite 1500 Index that we believe will increase dividends in the second quarter.

Each company currently yields more than 2%, which is both the average yield of the S&P 500 index and the yield of the benchmark 10-year U.S. Treasury note.

In addition, these companies have boosted payouts at least 10 consecutive years, are expected to grow earnings in the current year and can cover the dividend at least twice with expected full-year earnings. Readers will also note these four stocks represent four different sectors of the market, as it's important for investors to maintain diversified portfolios.

Two names that don't appear on this list but likely would have one year ago are Chevron (CVX) - Get Report and ExxonMobil (XOM) - Get Report. Chevron has increased its payouts for 27 consecutive years, while XOM has for 32 consecutive years. But with recent fourth-quarter earnings reports, we have seen how even the largest, most-diversified energy companies have had their earnings power decimated in the past six months because of lower underlying commodity prices.

Consumer

Target (TGT) - Get Report will likely raise its quarterly dividend in June. The retailer currently pays out 52 cents a share (2.5% yield) each quarter, which can be covered 2.2 times by expected fiscal 2016 (ending January) earnings of $4.55 a share. What's more, the company’s bonds are A-rated.

Financials

Cullen/Frost Bankers (CFR) - Get Report is expected to boost its quarterly dividend for the 21st-consecutive year in April. The Texas-based bank currently pays out 51 cents a share (2.9% yield) each quarter, which is equal to 45% of expected 2015 earnings. The company is also one of the few financial institutions we know of that did not reduce its dividend during the financial crisis of 2008/2009.

Healthcare

Johnson & Johnson (JNJ) - Get Report will likely raise its quarterly dividend for the 53rd-consecutive year in April. The drugmaker currently pays out 70 cents a share (2.8% yield) each quarter, which can be covered 2.2 times with expected 2015 earnings of $6.20 a share. The company’s bonds are also AAA-rated.

Materials

Airgas (ARG) is expected to increase its quarterly dividend in May. The industrial and maker of specialty gases currently pays out 55 cents a share (2.1% yield) each quarter, which is equal to 45% of expected fiscal 2015 (ended March) earnings of $21.81.

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David Peltier is the portfolio manager of TheStreet’s Dividend Stock Advisor, a newsletter service that seeks solid stocks that are likely to both increase dividends and appreciate in value. Get access to a portfolio that lays out a strategy for safe, sound, money-making solutions from companies you will recognize at www.dividendstockadvisor.com