Dividend Changes: Comcast, Foot Locker, Deere & Company, Sherwin-Williams, Devon Energy

Digital Realty Trust Inc. (NYSE:DLR) announced that its Board of Directors has authorized quarterly common and preferred stock dividends for Q1 of 2012. The company increased its quarterly common stock dividend by 7.4% to 73c per share because of their optimism regarding continued growth and to meet REIT distribution requirements for 2012. This is the tenth dividend increase since its IPO in Q4 of 2004. On an annualized basis, this represents an increase of 7.4% over the 2011 annual dividend of $2.72 per share and a compounded annual growth rate of 16.6% since Digital Realty’s first full quarter of operations following the IPO in 2005.

Noranda Aluminum Holding Corp. (NYSE:NOR) announced that its Board of Directors has declared a regular quarterly dividend of 4c per share to be paid on March 21 to shareholders of record as of February 27. The Board anticipates declaring this dividend in future quarters on a regular basis; however, changes in the Company’s financial condition and cash needs could result in dividends being declared in different amounts, or not at all.

Cenovus Energy Inc Common Stock (NYSE:CVE): The Board of Directors approved a dividend increase of 10% for the first quarter of 2012 resulting in a quarterly dividend of 22c per share.

Comcast Corporation (NASDAQ:CMCSA): In accordance with the increase, the Board of Directors declared a quarterly cash dividend of 16.25c a share on the company’s common stock, payable on April 25, 2012 to shareholders of record as of the close of business on April 4, 2012.

Foot Locker, Inc. (NYSE:FL) announced that its Board of Directors declared a quarterly cash dividend on the Company’s common stock of 18c per share, which will be payable on April 27 to shareholders of record on April 13. This dividend represents a 9% increase over the Company’s previous quarterly per share amount and is equivalent to an annualized rate of 72c per share.

Devon Energy Corporation (NYSE:DVN): The increase is effective with the dividend payable on March 30 to shareholders of record as of the close of business on March 15, and amends the first quarter dividend previously announced on November 30.

Associated Banc-Corp (NASDAQ:ASBC) has declared a regular quarterly cash dividend of 5c per common share, an increase from the previous quarterly cash dividend of 1c per common share. The dividend on the common shares will be payable on March 15, to shareholders of record on March 1.

SCANA Corp. (NYSE:SCG): The new dividend is payable April 1 to shareholders of record at the close of business on March 9.

Duff & Phelps Corporation (NYSE:DUF) raises quarterly dividend to 9c from 8c per share. The dividend is payable on March 16 to shareholders of record on March 6.

Albemarle Corp. (NYSE:ALB): The board of directors of Albemarle Corporation increased the quarterly dividend to 20c per share from 17.5c paid last quarter. The dividend is payable April 1 to shareholders of record at the close of business March 15.

Emclaire Financial Corp. (NASDAQ:EMCF): Emclaire Financial Corp., the parent holding company of the Farmers National Bank of Emlenton, declared a quarterly cash dividend of 18c per common share payable on March 23 to shareholders of record on March 1. The 18c per share quarterly dividend represents a 12.5% increase in quarterly dividends from the 16c per common share dividend rate declared and paid each quarter during 2011.

Deere & Company (NYSE:DE) focused on moderately increased “sustainable” dividends.

Heineken (HINKY): 10:59 EDT Heineken raises dividend 9% to EUR0.83 from EUR0.76.

Sherwin-Williams Co. (NYSE:SHW): The board increases the quarterly dividend to 39c per share from 36.5c per share. The dividend will be payable March 9 to shareholders of record on February 24.

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To contact the reporter on this story: Alex Capel at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com