With earnings season officially underway after Alcoa (NYSE:AA) reported to start the week, it’s also time to watch as more companies come out with dividend increases to reward shareholders.
Kicking off the week was a diverse crew of businesses, from a few energy MLPs to one of the biggest names in hamburgers. In all, 9 companies made it onto our Companies Increasing Dividends list this week. (Note: All dividend yields are as of April 12.)
Global financial services company Bank of New York Mellon (NYSE:BK) raised its quarterly dividend 15% to 15 cents per share, payable May 7 to shareholders of record on April 29.
BK Dividend Yield: 2.11%
Fast-food chain Burger King (NYSE:BKW) raised its quarterly dividend 20% to 6 cents per share, payable May 15 to shareholders of record on May 1, with an ex-dividend date of April 29.
BKW Dividend Yield: 1.25%
Natural gas operator Enterprise Products Partners LP (NYSE:EPD) raised its quarterly distribution 1.5% to 67 cents per share, payable May 7 to unitholders of record on April 30.
EPD Distribution Yield: 4.42%
Industrial and construction supplies retailer Fastenal (NASDAQ:FAST) raised its quarterly dividend 100% to 20 cents per share, payable May 30 to shareholders of record on May 2.
FAST Dividend Yield: 1.65%
Adhesives manufacturer and distributor H.B. Fuller (NYSE:FUL) raised its quarterly dividend 18% to 10 cents per share, payable May 9 to shareholders of record on April 25. This marks the 44th consecutive annual increase in the company dividend.
FUL Dividend Yield: 1.04%
Pump, flow meter and fluidics systems manufacturer IDEX (NYSE:IEX) raised its quarterly dividend 15% to 23 cents per share, payable April 30 to shareholders of record on April 19.
IDEX Dividend Yield: 1.74%
Oil transportation, storage and terminal provider Plains All-American Pipeline LP (NYSE:PAA) raised its quarterly distribution 10% to 57.5 cents per unit, payable May 15 to unitholders of record on May 3.
PAA Distribution Yield: 4.13%
Single-tenant property real estate investment trust Select Income REIT (NYSE:SIR) raised its quarterly dividend 4.7% to 44 cents per share, payable on or about May 23 to shareholders of record on April 23.
SIR Dividend Yield: 6.22%
Texas based off-price retailer Stage Stores (NYSE:SSI) raised its quarterly dividend 25% to 12.5 cents per share, applicable to dividends declared by the Board of Directors beginning May 23.
SSI Dividend Yield: 1.38%
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 previous weeks’ list of Companies Increasing Dividends.
