BALTIMORE ( Stockpickr) -- Despite the fact that 2010's biggest week for dividend increases is just a month behind us, Wall Street hit another milestone last week with the year's fewest dividend increases. But last week's lack of dividend activity shouldn't be cause for alarm. With relatively few companies reporting their quarterly numbers right now, it's normal to see dividend announcements fall in kind. Remember, though: Just because fewer stocks are announcing bigger shareholder payouts doesn't mean that the ones that do are any less significant.
One company that boosted its dividend recently is Credicorp ( BAP), a Peruvian financial services company that owns insurance, investment banking and retail banking subsidiaries. Credicorp's biggest division is Banco de Credito del Peru, the country's leading retail and commercial bank, which provides nearly 95% of the company's revenues. Last week, management announced a 13.3% dividend increase, bringing the annual payout to $1.70 per share.
HVAC distributor Watsco ( WSO) may attract industry attention by being the biggest player in its field, but the company keeps investors satiated with a 3.6% dividend yield -- one that just got bumped up thanks to an 8.3% increase.
With an increase in consumer spending in the early months of 2010, apparel brands such as Oxford Industries ( OXM) are finally seeing solid revenue numbers. And thanks to a 22.2% dividend increase, investors are seeing some pretty impressive numbers themselves, with a quarterly payout of 11 cents per share. That increase puts Oxford's yield at a competitive 2.06%.
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