Discover Delivers: 9 Dividend Stocks Increasing Payouts

by Marc Bastow | April 18, 2014 11:40 am

Ah, now that’s better. Not only has the weather improved now that spring has (mercifully) arrived, earnings season is bringing out dividend stock increases, too.

IncreasingDividends Discover Delivers: 9 Dividend Stocks Increasing PayoutsLeading the way was financial services and payment processor Discover Financial (DFS[1]), which put a solid dividend increase into the wallets of its shareholders. Here’s a look at the new dividends being paid out to DFS stock holders, along with improvements from other dividend stocks this week. (Note: All dividend yields are as of April 17.)

Rail transportation services provider CSX (CSX[2]) raised its quarterly dividend 6.67% to 16 cents per share.
Payout Date: June 13
Ex-Dividend Date: May 23
CSX Dividend Yield: 2.27%

Bank card services and payments company Discover Financial (DFS[1]) raised its quarterly dividend 20% to 24 cents per share.
Payout Date: May 22
Ex-Dividend Date: May 6
DFS Dividend Yield: 1.69%

Diversified energy services company Oneok (OKE[3]) raised its quarterly dividend 40% to 56 cents per share.
Payout Date: May 15
Ex-Dividend Date: April 28
OKE Dividend Yield: 3.67%

Protective and decorative coatings producer PPG (PPG[4]) raised its quarterly dividend 9.83% to 67 cents per share.
Payout Date: June 12
Ex-Dividend Date: May 8
PPG Dividend Yield: 1.34%

Industrial and consumer packaging products manufacturer Sonoco (SON[5]) raised its quarterly dividend 3.22% to 32 cents per share.
Payout Date: June 10
Ex-Dividend Date: May 14
SON Dividend Yield: 3.04%

Midstream natural gas and natural liquid gas partnership Targa Resources Corp.  (TRGP[6]) raised its quarterly dividend 6.58% to 64.75 cents per share.
Payout Date: May 16
Ex-Dividend Date: April 24
TRC Dividend Yield: 2.43%

Targa Resources Partners (NGLS[7]) increased its quarterly dividend 2.01% to 76.25 cents per share. With a yield of nearly 5%, NGLS came in with the highest dividend yield for our dividend stocks this week.
Payout Date: May 15
Ex-Dividend Date: April 24
NGLS Dividend Yield: 4.97%

The biggest percentage increase among our dividend stocks this week came from New Jersey-based bank holding company Two Rivers Bancorp (TRCB[8]), which raised its quarterly dividend 50% to 3 cents per share.
Payout Date: May 30
Ex-Dividend Date: May 7
TRCB Dividend Yield: 1.48%

Home appliance manufacturer and distributor Whirlpool (WHR[9]) raised its quarterly dividend 20% to 75 cents per share.
Payout Date: June 15
Ex-Dividend Date: May 14
WHR Dividend Yield: 1.95%

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he is long CSX. For more dividend stocks increasing payouts, see previous weeks’ lists of Companies Increasing Dividends[10].

Endnotes:
  1. DFS: http://studio-5.financialcontent.com/investplace/quote?Symbol=DFS
  2. CSX: http://studio-5.financialcontent.com/investplace/quote?Symbol=CSX
  3. OKE: http://studio-5.financialcontent.com/investplace/quote?Symbol=OKE
  4. PPG: http://studio-5.financialcontent.com/investplace/quote?Symbol=PPG
  5. SON: http://studio-5.financialcontent.com/investplace/quote?Symbol=SON
  6. TRGP: http://studio-5.financialcontent.com/investplace/quote?Symbol=TRGP
  7. NGLS: http://studio-5.financialcontent.com/investplace/quote?Symbol=NGLS
  8. TRCB: http://studio-5.financialcontent.com/investplace/quote?Symbol=TRCB
  9. WHR: http://studio-5.financialcontent.com/investplace/quote?Symbol=WHR
  10. Companies Increasing Dividends: http://www.investorplace.com/hot-topics/companies-increasing-dividends/

Source URL: http://investorplace.com/2014/04/dividend-stocks-csx-ppg-dfs/
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