While earnings releases might have grabbed the spotlight during the week, companies were also were busy with dividend news that included a number of increases.
From furniture makers to jelly crafters to energy companies, firms across a spectrum of industries raised their payouts. In all, 13 companies made it onto our Companies Increasing Dividends list this week. (Dividend yields as of July 19.)
Cable manufacturer and distributor Amphenol (APH) raised its quarterly dividend by 90% to 20 cents per share, payable Oct. 2 to shareholders of record as of Sept. 11.
APH Dividend Yield: 1.06%
Home furnishings manufacturer and retailer Bassett Furniture (BSET) raised its quarterly dividend 20% to 6 cents per share, payable Aug. 30 to shareholders of record as of Aug. 15.
BSET Dividend Yield: 1.47%
Midstream energy operator EQM Midstream Partners (EQM) raised its quarterly dividend 8% to 40 cents per share, payable Aug. 14 to shareholders of record as of Aug. 5.
EQM Dividend Yield: 3.47%
Laundry, maintenance and linen services company Healthcare Services (HCSG) raised its quarterly dividend 0.7% to 16.875 cents per share, payable Sept. 20 to shareholders of record as of Aug. 16. This is the company’s 40th consecutive dividend increase.
HCSG Dividend Yield: 2.72%
Energy transportation and storage operator Kinder Morgan Inc. (KMI) raised its quarterly dividend 5% to 40 cents per share, payable Aug. 15 to shareholders of record as of July 31, with an ex-dividend date of July 29.
KMI Dividend Yield: 4.04%
Branded food products manufacturer J.M. Smucker (SJM) raised its quarterly dividend 12% to 58 cents per share, payable Sept. 3 to shareholders of record as of Aug. 16. The increase marks the 13th consecutive year of dividend increases.
SJM Dividend Yield: 2.16%
Hotel REIT LaSalle Hotel Properties (LHO) raised its quarterly dividend 40% to 28 cents per share, payable Oct. 5 to shareholders of record as of Sept. 30.
LHO Dividend Yield: 4.19%
Grand Rapids, Mich.-based bank holding company Mercantile Bank (MBWM) raised its quarterly dividend 9% to 12 cents per share, payable Sept. 10 to shareholders of record as of Aug. 9.
MBWM Dividend Yield: 2.35%
Automotive retailer Penske (PAG) raised its quarterly dividend 7% to 16 cents per share, payable Sept. 3 to shareholders of record as of Aug. 12.
PAG Dividend Yield: 1.94%
Midstream natural gas and natural gas liquids services provider Targa Resources Partners (NGLS) raised its quarterly distribution 3% to 71.5 cents per share, payable Aug. 14 to shareholders of record as of July 29.
NGLS Dividend Yield: 5.44%
Disability insurance products provider Unum (UNM) raised its quarterly dividend 12% to 14.5 cents per share, payable Aug. 16 to shareholders of record as of July 29.
UNM Dividend Yield: 1.86%
Diversified energy holding company Wisconsin Energy (WEC) raised its quarterly dividend 12.5% to 38.35 cents per share, payable Sept. 1 to shareholders of record as of Aug. 14.
WEC Dividend Yield: 3.54%
Crude oil refiner Western Refining (WNR) raised its quarterly dividend 50% to 18 cents per share, payable Aug. 15 to shareholders of record as of July 31.
WNR Dividend Yield: 2.60%
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’ lists of Companies Increasing Dividends.
