Consumer Dividend Stocks Increasing Payouts

NEW YORK ( TheStreet) -- Tiffany ( TIF), Clorox ( CLX) and FedEx ( FDX) were among the consumer stocks to raise their dividends in recent weeks.

Best Buy ( BBY) raised its dividend by 7% to 16 cents a share, the electronics retailer said Ton June 21. Its board also approved a plan to buy back $5 billion in common shares.

The higher dividend will be paid on Oct 25 to shareholders of record on Oct. 4.

Pet supply retailer PetSmart ( PETM) increased its dividend by 12% to 14 cents a share. The higher payout will be available on Aug. 12 to shareholders of record at the close of business on July 29.

PetSmart also announced a new $450 million share repurchase program, commencing on Aug. 1 and continuing until January 2013.

Book publisher John Wiley & Sons ( JW.A) announced on June 16 that it raised its quarterly dividend by 4 cents a share to 20 cents. The new dividend is payable on July 14, to shareholders of record as of July 5.

The increase followed John Wiley's 2% uptick in fiscal fourth-quarter earnings, which came with a 2% rise in revenue as well.

Host Hotels & Resorts ( HST), a lodging real estate investment trust, raised its shareholder payout by 200% this month, to 3 cents a share from a penny a share.

Read on for More Dividend Increases .

Host's higher dividend will be paid on July 15, to shareholders of record on June 30.

The recent rebound in business -- and to a less extent, leisure -- travel bodes well for the hotel operator.

Convenience store operator Casey's General Stores ( CASY) hiked its quarterly dividend to 15 cents a share from 13.5 cents.

The higher dividend will be paid on Aug. 15 to shareholders of record on Aug. 1.

The dividend announcement came as Casey's grew its quarterly profit by 4% despite higher food prices pressuring its margins.

Discount retailer Target ( TGT) said recently its board approved a 20% increase in its dividend to 30 cents a share.

The increase marked Target's 44th consecutive annual dividend increase.

Target's higher dividend will be payable Sept. 10 to shareholders of record at the close of business Aug. 18.

FedEx ( FDX) recently approved an 8% increase to its quarterly dividend to 13 cents a share, marking its 10th consecutive annual dividend increase.

FedEx's increased dividend will be payable July 1 to stockholders of record at the close of business on June 17.

Read on for More Dividend Increases .

Clorox ( CLX) increased its quarterly cash dividend by 9% to 60 cents a share.

The increased dividend will be paid on Aug. 12 to shareholders of record on July 27. Clorox has raised distributions to shareholders for 34 consecutive years.

In May, Clorox reaffirmed its fiscal 2011 revenue guidance, forecasting flat to 1% sales decrease and diluted earnings per share in the range of $3.85 to $3.95.

High-end jeweler Tiffany ( TIF) raised its dividend by 16% to 29 cents a share from 25 cents.

The dividend will be paid on July 11 to stockholders of record on June 20.

Tiffany has raised its dividend for nine consecutive years.

-- Written by Miriam Marcus Reimer in New York.

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