Dividend investors are patiently waiting for Q1 earnings season to kick into high gear, as the season typically jump-starts another big round of dividend increases. For now, we’ll have to be happy with a slower count; the best news of the week is that we had several big-name dividend stocks come through for investors.
The week’s biggest dividend stock name was Procter & Gamble (PG), the worldwide consumer products company, which announced a nice increase for shareholders and kept a streak of 58 years of consecutive dividend raises going.
Here’s a look at the new dividend payout for Procter & Gamble, as well as the improvements from other dividend stocks this week.
(Note: All dividend yields are as of April 11.)
Global financial services company Bank of New York Mellon (BK) raised its quarterly dividend 13% to 17 cents per share payable May 7 to shareholders of record May 23.
BK Dividend Yield: 2.05%
Adhesives and chemicals company H.B. Fuller (FUL ) raised its quarterly dividend 20% to 12 cents per share payable on May 8 to shareholders of record April 22.
FUL Dividend Yield: 1.05%
This week’s biggest increase came from applied solutions provider Idex (IEX), which raised its quarterly dividend 22% to 23 cents per share payable April 30 to shareholders of record April 16.
IEX Dividend Yield: 1.60%
Movie theater and hotel and resorts operator Marcus Corporation (MCS) raised its quarterly dividend 11.8% to 9.5 cents per share payable May 15 to shareholders of record April 23.
MCS Dividend Yield: 2.20%
Global consumer products giant Procter & Gamble (PG) raised its quarterly dividend 7% to 64.36 cents per share payable on or after May 15 to shareholders of record April 23.
PG Dividend Yield: 3.18%
Discount outlet shopping-center retailer Tanger (SKT) raised its quarterly dividend 6.7% to 24 cents per share payable on May 15 to shareholders of record April 28. The increase is the 21st consecutive dividend increase for SKT.
SKT Dividend Yield: 2.71%
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.
