Wall Street’s week in income-boosting performance was awfully similar to last week’s, though it had a bit of different flavor, with higher dividends coming out of a glass & technology firm and a natural gas company, among others.
Just like last week, 7 companies made our weekly Companies Increasing Dividends list. (Note: All new yields as of Oct. 4 closing prices unless otherwise noted.)
Real estate investment trust American Realty Capital (NASDAQ:ARCP) increased its annual dividend 5% to 89.5 cents per share, its fourth consecutive quarterly increase to the annual dividend. The new distribution rate will accrue starting on Nov. 9, and distributions will be made on the 15th of each month to stockholders of record at the close of business on the eighth day of that month. ARCP’s dividend yield now stands at 7%.
Bank holding company Bank of the Ozarks (NASDAQ:OZRK) increased its quarterly dividend 7.7% to 14 cents per share, payable Oct. 19 to shareholders of record as of Oct. 12. OZRK’s dividend now yields 1.62%.
Investment and advisory management firm Epoch (NASDAQ:EPHC) increased its quarterly dividend 25% to 10 cents per share, payable Nov. 5, to shareholders of record as of Oct. 22. The increase lifts EPHC’s annual dividend to a yield of 1.7%.
American icon and glass producer Corning (NYSE:GLW) increased its quarterly dividend 20% to 9 cents per share, payable Dec. 14 to holders of record Nov. 16. GLW’s yield is now 2.7%.
Natural gas and petrochemicals producer Phillips 66 (NYSE:PSX) increased its quarterly dividend 25% to 25 cents per share, payable Dec. 3 to shareholders of record at the close of business on Oct. 15. This is Phillips’ second quarterly dividend since its split with ConocoPhillips (NYSE:COP) this year. PSX now sports a dividend yield of 2.14%.
Specialty chemicals producer RPM (NYSE:RPM) increased its quarterly dividend 4.7% to 22.5 cents per share, payable Oct. 31 to stockholders of record as of Oct. 15. The move marks the company’s 39th straight year of increased dividends. RPM now yields 3.32%.
Pharmaceuticals manufacturer West Pharmaceutical Services (NYSE:WST) increased its quarterly dividend 5% to 19 cents per share, payable Nov. 7 to shareholders of record on Oct. 24. WST’s yield now stands at 1.41%.
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities. For more payout winners, see our previous weeks’ lists of Companies Increasing Dividends.