| DIVIDEND INCREASES |
| NOTE:
FIGURES IN RED ARE DIVIDEND DECREASES |
| DATE |
COMPANY |
SYMBOL |
NEW
RATE |
OLD
RATE |
| 08/17 |
Chester
Valley Bancorp |
CVAL |
$0.10
Q |
$0.09 |
| 08/17 |
FNB
Financial Services |
FNBF |
$0.13
Q |
$0.11 |
| 08/17 |
Madison
Gas & Electric |
MDSN |
$0.333
Q |
$0.325 |
| 08/16 |
State
Auto Financial |
STFC |
$0.0325
Q |
$0.03 |
| 08/16 |
MDU
Resources Group |
MDU |
$0.23
Q |
$0.22 |
| 08/16 |
LSI
Industries Inc |
LYTS |
$0.09
Q |
$0.085 |
| 08/16 |
U.S.B.
Holding Co |
UBH |
$0.09
Q |
$0.08 |
| 08/15 |
Connecticut
Water Service |
CTWS |
$0.3033
Q |
$0.30 |
| 08/15 |
CB
Bancshares Inc |
CBBI |
$0.11
Q |
$0.10 |
| 08/13 |
Harleysville
National |
HNBC |
$0.16
Q |
$0.14 |
| 08/10 |
CNB
Bancorp Inc |
CNBI |
$0.17
Q |
$0.16 |
| 08/10 |
Redwood
Trust Inc |
RWT |
$0.57
Q |
$0.55 |
| 08/10 |
Illinois
ToolWorks |
ITW |
$0.22
Q |
$0.20 |
| 08/08 |
Fair,
Isaac & Co |
FIC |
$0.02
Q |
$0.0135 |
| 08/07 |
Hershey
Foods Corp |
HSY |
$0.3025
Q |
$0.28 |
| 08/07 |
Philadelphia
Suburban |
PSC |
$0.1656
Q |
$0.155 |
| 08/07 |
BP
p.l.c. |
BP |
$0.33
Q |
$0.315 |
| 08/07 |
Community
First Bankshares |
CFBX |
$0.18
Q |
$0.16 |
| 08/06 |
StanCorp
Financial |
SFG |
$0.08
Q |
$0.07 |
| 08/03 |
Peoples
Bancorporation |
PBCE |
$0.05
Q |
$0.04 |
| 08/02 |
Dover
Corporation |
DOV |
$0.135
Q |
$0.125 |
| 08/02 |
Carlisle
Companies |
CSL |
$0.21
Q |
$0.20 |
| 08/01 |
OshKosh
B'Gosh Inc |
GOSHA |
$0.06
Q |
$0.0525 |
| 07/31 |
Highwoods
Properties |
HIW |
$0.585
Q |
$0.57 |
| 07/31 |
Banta
Corporation |
BN |
$0.16
Q |
$0.15 |
| 07/31 |
Artesian
Resources |
ARTNA |
$0.28
Q |
$0.275 |
| 07/27 |
Midland
Capital Holdings |
MCPH |
$0.10
Q |
$0.075 |
| 07/27 |
Campbell
Soup Co |
CPB |
$0.1575 |
$0.225
Q |
| 07/26 |
Oregon
Trail Financial |
OTFC |
$0.10
Q |
$0.09 |
| 07/26 |
Investors
Real Estate |
IRETS |
$0.1475
Q |
$0.145 |
| 07/26 |
Equity
Office Properties |
EOP |
$0.50
Q |
$0.45 |
| 07/26 |
Oneida
Financial |
ONFC |
$0.36
S |
$0.18 |
| 07/26 |
RR
Donnelley & Sons |
DNY |
$0.24
Q |
$0.23 |
| 07/26 |
Seacoast
Financial Serv |
SCFS |
$0.09
Q |
$0.08 |
| 07/26 |
Yonkers
Financial |
YFCB |
$0.10
Q |
$0.09 |
| 07/26 |
Collins
Industries |
COLL |
$0.03
Q |
$0.025 |
| 07/26 |
American
Capital Strat |
ACAS |
$0.56
Q |
$0.49 |
| 07/26 |
WestPoint
Stevens |
WXS |
eliminated |
$0.02
Q |
| 07/25 |
Tompkins
Trustco |
TMP |
$0.28
Q |
$0.27 |
| 07/25 |
Brookfield
Properties |
BPO |
$0.10
Q |
$0.13
S |
| 07/25 |
Anworth
Mortgage Asset |
ANH |
$0.24
Q |
$0.15 |
| 07/25 |
Anheuser-Busch
Co |
BUD |
$0.18
Q |
$0.165 |
| 07/24 |
Merck
& Co |
MRK |
$0.35
Q |
$0.335 |
| 07/24 |
Healthcare
Realty Trust |
HR |
$0.58
Q |
$0.575 |
| 07/24 |
Legg
Mason Inc |
LM |
$0.10
Q |
$0.09 |
| 07/24 |
Neuberger
Berman Inc |
NEU |
$0.075
Q |
$0.0675 |
| 07/24 |
Wells
Fargo & Co |
WFC |
$0.26
Q |
$0.24 |
| 07/23 |
Northwest
Bancorp |
NWSB |
$0.06
Q |
$0.04 |
| 07/23 |
Princeton
Nat'l Bancorp |
PNCB |
$0.11
Q |
$0.10 |
| 07/23 |
Williams
Companies |
WMB |
$0.18
Q |
$0.15 |
| 07/23 |
Health
Care Properties |
HCP |
$0.78
Q |
$0.77 |
| 07/19 |
Brookline
Bancorp |
BRKL |
$0.16
Q |
$0.07 |
| 07/19 |
FirstFed
America Bancorp |
FAB |
$0.14
Q |
$0.10 |
| 07/19 |
Anchor
BanCorp Wisconsin |
ABCW |
$0.0825
Q |
$0.075 |
| 07/19 |
Laurel
Capital Group |
LARL |
$0.18
Q |
$0.17 |
| 07/19 |
Allied
Capital Corp |
ALD |
$0.51
Q |
$0.50 |
| 07/19 |
Hudson
River Bancorp |
HRBT |
$0.09
Q |
$0.07 |
| 07/19 |
Eagle
Bancorp |
EBMT |
$0.10
Q |
$0.07 |
| 07/19 |
Woronoco
Bancorp |
WRO |
$0.08
Q |
$0.07 |
| 07/19 |
RJ
Reynolds Tobacco |
RJR |
$0.875
Q |
$0.775 |
| 07/19 |
Staten
Island Bancorp |
SIB |
$0.16
Q |
$0.15 |
| 07/18 |
Greene
County Bancorp |
GCBC |
$0.25
S |
$0.12 |
| 07/18 |
TF
Financial Corp |
THRD |
$0.15
Q |
$0.14 |
| 07/18 |
SouthTrust
Corp |
SOTR |
$0.14
Q |
$0.125 |
| 07/18 |
Capital
Federal Financial |
CFFN |
$0.16
Q |
$0.15 |
| 07/18 |
R&G
Financial Corp |
RGFC |
$0.0675
Q |
$0.055 |
| 07/18 |
CoBiz
Inc |
COBZ |
$0.045
Q |
$0.04 |
| 07/17 |
Northeast
Pennsylvania |
NEP |
$0.10
Q |
$0.09 |
| 07/17 |
Stanley
Works |
SWK |
$0.24
Q |
$0.23 |
| 07/17 |
Capital
Automotive REIT |
CARS |
$0.3870
Q |
$0.38 |
| 07/17 |
Washington
Mutual Inc |
WM |
$0.23
Q |
$0.22 |
| 07/17 |
First
Oak Brook Bancorp |
FOBB |
$0.12
Q |
$0.11 |
| 07/16 |
Cascade
Bancorp |
CACB |
$0.08
Q |
$0.075 |
| 07/16 |
Citigroup |
C |
$0.16
Q |
$0.14 |
| 07/16 |
Community
Investors |
CIBI |
$0.075
Q |
$0.07 |
| 07/16 |
Vail
Banks Inc |
VAIL |
$0.05
Q |
$0.04 |
| 07/13 |
LaSalle
Hotel Properties |
LHO |
$0.39
Q |
$0.38 |
| 07/12 |
Colgate-Palmolive
Co |
CL |
$0.18
Q |
$0.1575 |
| 07/12 |
WPS
Resources Corp |
WPS |
$0.525
Q |
$0.515 |
| 07/12 |
Pentair
Inc |
PNR |
$0.18
Q |
$0.17 |
| 07/11 |
CKF
Bancorp |
CKFB |
$0.35
Q |
$0.32 |
| 07/11 |
Educational
Development |
EDUC |
$0.04
Q |
$0.02 |
| 07/11 |
ArvinMeritor
Inc |
ARM |
$0.10
Q |
$0.22 |
| 07/11 |
CSX
Corp |
CSX |
$0.10
Q |
$0.30 |
| 07/10 |
Procter
& Gamble Co |
PG |
$0.38
Q |
$0.35 |
| PAST
DIVIDEND INCREASES |
| MAY
2001 |
JUNE
2001 |
JULY
2001 |
|
| SEP-OCT
2000 |
NOV-DEC
2000 |
JAN-FEB
2001 |
MAR-APR
2001 |
| MAR-APR
2000 |
JAN-FEB
2000 |
SEPT-OCT
2000 |
JUN-AUG
2000 |
| APRIL/MAY
2000 |
MARCH
2000 |
FEBRUARY
2000 |
JANUARY
2000 |
| DECEMBER
1999 |
NOVEMBER
1999 |
OCTOBER
1999 |
SEPTEMBER
1999 |
| |
|

Co-branding
Opportunities
Disclaimer: THE OPINIONS EXPRESSED
ARE THOSE OF THE AUTHORS, TULIPS AND
BEARS, AND ARE NOT MEANT TO BE TAKEN AS INVESTMENT ADVICE BY ANY READER.THE MENTION OF
ANY SECURITIES IN THIS ARTICLE IS NOT TO BE TAKEN AS A RECOMMENDATION TO BUY OR SELL SAID
SECURITIES. READERS SHOULD NOT ASSUME THAT STRATEGIES DISCUSSED WILL BE PROFITABLE
UNDER ALL CIRCUMSTANCES OR MARKET CONDITIONS. THERE IS AN ELEMENT OF RISK IN ALL TRADING
DECISIONS. TULIPS AND BEARS
ASSUMES NO RESPONSIBILITY FOR ANY LOSSES INCURRED AS A RESULT OF READERS FOLLOWING ANY
STRATEGIES DISCUSSED
Copyright 1999-2001 Tulips and Bears LLC. All rights reserved.