Qualcomm Chips In: 7 Dividend Stocks Raising Payouts

by Marc Bastow | March 7, 2014 2:30 pm

Earnings season is slowing down as we head into March, and judging by the number of dividend stocks increasing payouts this week, investors can start to take a breather as they wait for the next quarter to begin.

IncreasingDividends Qualcomm Chips In: 7 Dividend Stocks Raising Payouts[1]Chip maker Qualcomm (QCOM[2]) stepped up to the dividend plate during the week, raising its dividend for the 11th consecutive year.

Here’s a look at the new payout from Qualcomm as well as the improvements from other dividend stocks this week.

(Note: All dividend yields are as of March 7.)

Energy corporation Devon Energy (DVN[3]) raised its quarterly dividend 9% to 24 cents per share, payable June 30 to shareholders of record as of June 13.
DVN Dividend Yield: 1.48%

The biggest increase in our dividend stocks this week came from multichannel video game retailer GameStop (GME[4]) which raised its quarterly dividend 20% to 33 cents per share, payable March 25 to shareholders of record as of March 17.
GME Dividend Yield: 3.39%

Defense contractor General Dynamics (GD[5]) raised its quarterly dividend 10.7% to 62 cents per share, payable May 9 to shareholders of record as of April 11. The increase is the 17th consecutive annual dividend raise for GD.
GD Dividend Yield: 2.23%

Vehicle towing and recovery equipment manufacturer Miller Industries (MLR[6]) raised its quarterly dividend 7.1% to 15 cents per share, payable March 24 to shareholders of record as of March 17.
MLR Dividend Yield: 3.11%

Natural gas and energy services provider Piedmont Natural Gas (PNY[7]) raised its quarterly dividend 3.2% to 32 cents per share, payable April 15 to shareholders of record as of March 25. At more than a 3.75% yield, PNY is the highest yielder on this week’s list of dividend stocks.
PNY Dividend Yield: 3.76%

Manufacturer of digital communications devices Qualcomm (QCOM[2]) raised its quarterly dividend 20% to 42 cents per share, payable for dividends any time after March 26. No specific dividend payout date or ex-dividend dates have been announced at this point.
QCOM Dividend Yield: 2.18%

Super-regional shopping center real estate investment trust (REIT) Taubman Centers (TCO[8]) raised its quarterly dividend 8% to 54 cents per share, payable March 31 to shareholders of record as of March 17.
TCO Dividend Yield: 3.12%

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[9].

Endnotes:
  1. [Image]: http://www.investorplace.com/hot-topics/companies-increasing-dividends/
  2. QCOM: http://studio-5.financialcontent.com/investplace/quote?Symbol=QCOM
  3. DVN: http://studio-5.financialcontent.com/investplace/quote?Symbol=DVN
  4. GME: http://studio-5.financialcontent.com/investplace/quote?Symbol=GME
  5. GD: http://studio-5.financialcontent.com/investplace/quote?Symbol=GD
  6. MLR: http://studio-5.financialcontent.com/investplace/quote?Symbol=MLR
  7. PNY: http://studio-5.financialcontent.com/investplace/quote?Symbol=PNY
  8. TCO: http://studio-5.financialcontent.com/investplace/quote?Symbol=TCO
  9. Companies Increasing Dividends: http://www.investorplace.com/hot-topics/companies-increasing-dividends/

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