July 09, 2012 at 17:39 PM EDT
Dividend Payout Changes for July 9

The following companies announced a change in their dividend payouts today.

Companies Increasing Dividend Payouts
A.O. Smith (AOS) has raised its annual dividend payout from $.64 to $.80. The new dividend yield, based on today’s closing stock price of $48.89, is 1.64%. AOS is not a “Recommended” stock at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

Genesis Energy L.P. (GEL) has raised its annual dividend payout from $1.80 to $1.84. The new dividend yield, based on today’s closing stock price of $30.54, is 6.02%. GEL is not a “Recommended” stock at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

Plains All-American Pipeline L.P. (PAA) has raised its annual dividend payout from $4.18 to $4.26. The new dividend yield, based on today’s closing stock price of $82.84, is 5.14%. PAA is not a “Recommended” stock at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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