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The dividend increase is the first since December 2000.
This was the second dividend increase in the last six months.
The company's board approved a 150 percent dividend increase to 80 cents per share annually.
Even so, note Barclays' forecast for the rate of dividend increase – 23% a year, compound, for three years.
In addition, the company has said it will recommend a dividend increase to the board, a boon for investors.
The company reiterated plans for a dividend increase that "at least keeps pace with RPI inflation" for 2014-15.
Rub bermaid rose 1¼ to 53 after voting a 2‐for‐1 stock split and a dividend increase.
SSE on track for dividend increase The energy company SSE, which trades as Southern Electric, Scottish Hydro and Swalec, said it was on track to deliver a full-year dividend increase for 2013-14 that is greater than RPI inflation.
Citi's shareholders, however, will have to be patient before seeing a dividend increase, from the current 4 cents a year.
Citigroup has told investors that any dividend increase, or share repurchase program, would likely be a 2012 event.
In the third scenario, Y, an insider of E corporation, learns through his job that E is going to announce a substantial dividend increase.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com