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.
[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].
Dividend Stocks[10]
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