A shortened week didn’t deter companies from turning up the dividend spigot, as the current week saw a nice run of dividend stocks increasing their payouts to investors.
Walmart (WMT) helped lead the way, bumping up its dividend for the 41st consecutive year, while Sherwin-Williams (SHW) kept its annual increase streak alive, raising its payout for the 35th consecutive year.
Here’s a look at the new dividend payouts for both Wal-Mart and Sherwin-Williams, as well as the improvements from other dividend stocks this week.
(Note: All dividend yields are as of Feb. 21.)
Property and casualty insurance giant Allstate (ALL) raised its quarterly dividend 12% to 28 cents per share, payable April 1 to shareholders of record as of March 3.
ALL Dividend Yield: 2.08%
Analog and digital processing integrated circuits manufacturer Analog Devices (ADI) raised its quarterly dividend 9% to 37 cents per share, payable March 11 to shareholders of record as of Feb. 28.
ADI Dividend Yield: 2.87%
Global industrial conglomerate Danaher (DHR) raised its quarterly dividend 300% to 10 cents per share, payable April 25 to shareholders of record as of March 28. With that surge, DHR has the highest increase on this week’s list of dividend stocks increasing payouts.
DHR Dividend Yield: 0.53%
Dental products designer and manufacturer Dentsply (XRAY) raised its quarterly dividend 6% to 6.625 cents per share, payable April 11 to shareholders of record as of March 28.
XRAY Dividend Yield: 0.58%
The biggest increase among our dividend stocks this week came from life insurance and annuity products provider FBL Financial (FFG), which raised its quarterly dividend 133% to 35 cents per share, payable March 31 to shareholders of record March 14.
FFG Dividend Yield: 3.4%
Flow control systems aftermarket service provider Flowserve (FLS) raised its quarterly dividend 14% to 16 cents per share, payable April 11 to shareholders of record as of March 28.
FLS Dividend Yield: 0.79%
Multi-family apartment complex real estate investment trust Post Properties (PPS) raised its quarterly dividend 9% to 36 cents per share, payable April 15 to shareholders of record as of March 31.
PPS Dividend Yield: 2.95%
Electric utility holding company SCANA (SCG) raised its quarterly dividend 3.5% to 52.5 cents per share, payable April 1 to shareholders of record as of March 10. With a payout of more than 4%, SCG has the highest dividend yield on this week list of dividend stocks.
SCANA Dividend Yield: 4.21%
Paint, coatings, and related products manufacturer and distributor Sherwin-Williams (SHW) raised its quarterly dividend 10% to 55 cents per share, payable March 14 to shareholders of record as of March 3. This marks the 35th consecutive annual dividend raise for SHW.
SHW Dividend Yield: 1.13%
North American quick service restaurant company Tim Horton’s (THI) raised its quarterly dividend 23.1% to 32 cents per share, payable March 18 to shareholders of record as of March 3.
THI Dividend Yield: 2.43%
Financial services and mutual fund management company T. Rowe Price (TROW) increased its quarterly dividend 16% to 44 cents per share, payable March 28 to shareholders of record as of March 14.
TROW Dividend Yield: 2.19%
Discount retail king Walmart (WMT) raised its dividend 2% to 48 cents per share, payable payable April 1 to shareholders of record as of March 11. The increase represents Walmart’s 41st consecutive year of raising its dividend.
WMT Dividend Yield: 2.62%
Waste collection and management services company Waste Management (WM) raised its dividend 2.7% to 37.5 cents per share. No payable or ex-dividend dates were announced.
WM Dividend Yield: 3.63%
Minneapolis, Minnesota-based utility holding company Xcel (XEL) raised its quarterly dividend 7% to 30 cents per share, payable April 20 to shareholders of record as of March 20.
XEL Dividend Yield: 3.98%
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 dividend stocks increasing payouts, see previous weeks’ lists of Companies Increasing Dividends.
