by Marc Bastow | October 11, 2013 1:18 pm
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).
A total of six companies made it onto our Companies Increasing Dividends list for the week. (Note: All yields are as of Oct. 11):
Midstream oil and gas MLP Genesis Energy (GEL) 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) 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) 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) 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), 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) 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.
Source URL: http://investorplace.com/2013/10/increasing-dividends-oct-7-11-utx-qcor/
Short URL: http://invstplc.com/1nrUQZa
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.