UTX Ups Its Payout: 6 Companies Increasing Dividends

by Marc Bastow | October 11, 2013 1:18 pm

IncreasingDividends UTX Ups Its Payout: 6 Companies Increasing Dividends [1]It’s been a topsy-turvy week for the markets, with the government shutdown and impending debt ceiling crises — as well as news about a possible short-term solution — whipsawing Wall Street on a daily basis.

Amid the news, a generally quiet week on the dividend front did manage to include at least one big name, Dow Jones component United Technology (UTX[2]).

A total of six companies made it onto our Companies Increasing Dividends[3] list for the week. (Note: All yields are as of Oct. 11):

Midstream oil and gas MLP Genesis Energy (GEL[4]) raised its quarterly distribution 2.5% to 52.25 cents per share, payable Nov. 14 to unitholders of record as of Nov. 1.
GEL Dividend Yield: 4.25%

Hotel and travel REIT Hospitality Properties Trust (HPT[5]) raised its quarterly dividend 2.1% to 48 cents per share, payable Nov. 22 to shareholders of record as of Oct. 25.
HPT Dividend Yield: 6.71%

Biopharma stock Questcor Pharmaceuticals (QCOR[6]) raised its quarterly dividend 20% to 30 cents per share, payable Oct. 30 to shareholders of record as of Oct. 22.
QCOR Dividend Yield: 2%

Specialty chemicals manufacturer RPM International (RPM[7]) raised its quarterly dividend 6.7% to 24 cents per share, payable Oct. 31 to shareholders of record Oct. 21. The increase is the 40th consecutive year of annual dividend increases for RPM.
RPM Dividend Yield: 2.57%

Select Income REIT (SIR[8]), a real estate investment trust that owns single-tenant, net-leased properties, raised its quarterly dividend 4.5% to 46 cents per share, payable Nov. 20 to shareholders of record as of Oct. 24.
SIR Dividend Yield: 7.06%

Industrial conglomerate United Technologies (UTX[2]) raised its dividend 10% to 58.9 cents per share, payable Dec. 10 to shareholders of record as of Nov. 15.
UTX Dividend Yield: 2.2%

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[3].

Endnotes:
  1. [Image]: http://www.investorplace.com/hot-topics/companies-increasing-dividends/
  2. UTX: http://studio-5.financialcontent.com/investplace/quote?Symbol=UTC
  3. Companies Increasing Dividends: http://www.investorplace.com/hot-topics/companies-increasing-dividends/
  4. GEL: http://studio-5.financialcontent.com/investplace/quote?Symbol=GEL
  5. HPT: http://studio-5.financialcontent.com/investplace/quote?Symbol=HPT
  6. QCOR: http://studio-5.financialcontent.com/investplace/quote?Symbol=QCOR
  7. RPM: http://studio-5.financialcontent.com/investplace/quote?Symbol=RPM
  8. SIR: http://studio-5.financialcontent.com/investplace/quote?Symbol=SIR

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