Since February 15, the market has increased by 2.44% (as measured by the S&P 500) and by 3.78% (as measured by the Dow Jones Industrial Average). For a dividend paying stock, yield would trend lower when the stock price trends higher. This follows from the definition of yield.
Of course, when a company increases its dividend payment, the yield also should increase. How much the yield increases would depend on the size of the dividend increase and the market's reaction to the increase.
The following table provides a summary of recent dividend increases to stocks in my watch list. It is sorted by the last column, %Increase. Notice there are several excellent double digit percentage increases.
Dividend Increases: Feb 15 - Mar 14, 2013
|The Home Depot, Inc.||HD||69.56||1.16||1.56||2.24%||+34.48|
|General Mills, Inc.||GIS||48.15||1.32||1.52||2.74%||+15.15|
|Applied Materials, Inc.||AMAT||32.26||0.36||0.40||3.02%||+11.11|
|NextEra Energy, Inc.||NEE||76.17||2.40||2.64||3.47%||+10.00|
|General Dynamics Corporation||GD||69.29||2.04||2.24||3.23%||+9.80|
|The Coca-Cola Company||KO||40.04||1.02||1.12||2.80%||+9.80|
|Kimberly Clark Corp||KMB||95.66||2.96||3.24||3.39%||+9.46|
|Genuine Parts Company||GPC||77.40||1.98||2.15||2.78%||+8.59|
|The Chubb Corporation||CB||86.41||1.64||1.76||2.04%||+7.32|
|Toronto-Dominion Bank (USA)||TD||82.09||3.08||3.24||3.83%||+5.19|
|Piedmont Natural Gas Company, Inc.||PNY||32.99||1.20||1.24||3.76%||+3.33|
|Triangle Capital Corporation||TCAP||28.19||2.12||2.16||7.66%||+1.87|
|UNS Energy Corp||UNS||46.89||1.72||1.74||3.71%||+1.16|
Highlighted in the table is GD, one of the stocks in DivGro. The 9.8% dividend increase is the 16th consecutive annual dividend increase authorized by the board of General Dynamics Corporation. The next quarterly dividend of 56 cents per share will be payed on May 10, 2013, to shareholders of record on April 12.
Full Disclosure: Long GD