Another solid week of dividend increases helped take some of the sting out of a week of market losses. Enterprise software leader Oracle (ORCL) led the charge, doubling its dividend despite a weak earnings report, while several financial institutions and a real estate investment trust came through for investors.
In all, nine companies made it onto our list of Companies Increasing Dividends for the week of June 10. (Note: Dividend yields are as of June 21.)
Restaurant operator Darden Restaurants (DRI) — the parent of Red Lobster, LongHorn Steakhouse and Olive Garden — raised its quarterly dividend 10% to 55 cents per share, payable Aug. 1 to shareholders of record as of July 10.
DRI Dividend Yield: 4.44%
Diversified financial company Fifth Third Bancorp (FITB) raised its quarterly dividend 9% to 12 cents per share, payable July 18 to shareholders of record as of June 28.
FITB Dividend Yield: 2.74%
Online retail and banking services company First Internet Bancorp (INBK) raised its quarterly dividend 50% to 6 cents per share, payable July 15 to shareholders of record as of July 1.
INBK Dividend Yield: 0.8%
Closed-end investment firm Kayne Anderson MLP Investment Co. (KYN) raised it quarterly distribution 2.7% to 58 cents per share, payable July 12 to shareholders of record as of July 5.
KYN Dividend Yield: 6.38%
Medical technology company Medtronic (MDT) raised its quarterly dividend 8% to 28 cents per share, payable July 26 to shareholders of record as of July 5. This is the 36th consecutive year MDT has increased its dividend payment.
MDT Dividend Yield: 2.15%
Enterprise software giant Oracle (ORCL) doubled its quarterly dividend to 12 cents per share, payable Aug. 2 to shareholders of record as of July 12.
ORCL Dividend Yield: 1.57%
RAIT Financial Trust (RAS), a commercial real estate mortgage REIT, raised its quarterly dividend 8% to 13 cents per share, payable July 31 to shareholders of record on July 12.
RAS Dividend Yield: 7%
Free-standing retail REIT Realty Income (O) raised its monthly dividend 0.1% to 18.154 cents per share, payable July 15 to shareholders of record as of July 1. This is the Realty Income’s 72nd consecutive monthly increase.
O Dividend Yield: 4.76%
Financial services and bank holding company U.S. Bancorp (USB) increased its quarterly dividend 18% to 23 cents per share, payable July 15 to shareholders of record as of June 28.
USB Dividend Yield: 2.61%
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.
