This week’s parade of dividend stocks increasing payouts was relatively small, but that doesn’t mean it was quiet.
In fact, leading the pack of dividend stocks increasing payouts this week is a company that’s known for turning up the volume for customers, Harman International Industries (HAR).
Harman is one of the world’s biggest global audio and infotainment equipment providers, and this week the company pumped up the volume on the dividend it pays to shareholders to level 10. More specifically, Harman increased its quarterly dividend payment by 10% to 33 cents per share, or a 3-cent boost over the previous dividend payment of 30 cents per share. Harman said the new dividend will go into effect on July 1, which is the beginning of its new fiscal year. The first quarterly payment will be made in September, though no specific payment or ex-dividend date was provided.
HAR Dividend Yield: 1.2%
While Harman Industries is probably the best-known brand among the dividend stocks increasing payouts this week, several other companies decided to join in on the payout party, including a bank holding company, a containership carrier and a steel and metals manufacturer. And hey, let’s face it — what’s a dividend stocks party without a bank, a boat and some steel?
Bank holding company Glacier Bancorp (GBCI) is the corporate entity created for the Northwest regional Glacier Bank, and this week it created some good cheer among shareholders with a 6% increase in its quarterly dividend to 17 cents. The new dividend is payable July 17 to shareholders of record as of July 8, with an ex-dividend date of July 3.
GBCI Dividend Yield: 2.4%.
Shipping concern Matson, Inc. (MATX) gets stuff to remote islands in the Pacific Ocean such as Hawaii, Guam, the Mariana Islands and Micronesia. This week, MATX got shareholders a little more in their wallets, announcing a dividend increase of 6.25% to 17 cents per share. The penny-per-share boost will be delivered on Sept. 4 to shareholders of record as of Aug. 7, with an ex-dividend date of Aug. 5.
MATX Dividend Yield: 2.6%
Steel and metals manufacturer Worthington Industries (WOR) made the fiscal metal a little shinier for shareholders this week, increasing its dividend payment by 20% to 18 cents per share from 15 cents. The boosted payout will be made on Sept. 29 to shareholders of record on Sept. 15, with an ex-dividend date of Sept. 11. The metal’s firm’s board also authorized the repurchase of up to an additional 10 million of its outstanding common shares.
WOR Dividend Yield: 1.4%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.