Few companies are a better bellwether of economic activity than package delivery giant FedEx Corporation (FDX).
This week, the firm leads a pack of high-profile dividend stocks increasing shareholder payouts. For FedEx, the dividend increase came along with outstanding fiscal Q4 2014 earningsthat topped expectations. FedEx also gave an upbeat forecast fiscal 2015 that helped FDX stock vault to a new high.
FedEx’s new quarterly dividend payout represents a 33.3% increase to 20 cents per share from 15 cents. The dividend is payable July 3 to stockholders of record at the close of business on June 19.
FDX Dividend Yield: 0.6%.
So, which other dividend stocks made the move to put a smile on shareholders’ faces this week? Here are nine more dividend stocks increasing payouts.
Life sciences research REIT Alexandria Real Estate Equities (ARE) gave its dividend a shot in the arm, raising its payout 2.9% to 72 from 70 cents per share. The new dividend is payable July 15 to all shareholders of record as of June 30. The stock’s ex-dividend date is June 26.
ARE Dividend Yield: 3.7%
Real estate investment trust Apollo Residential Mortgage (AMTG) increased its quarterly payout 5% to 42 cents per share. The enhanced payment will be made on July 31 to shareholders of record as of June 30. AMTG shares will go ex-dividend on June 26.
AMTG Dividend Yield: 9.8%.
Diversified Midwest electric and natural gas giant DTE Energy Company (DTE) turned the power up on its quarterly payout by 5.3%. The new dividend of 69 cents per share is payable Oct. 15 to shareholders of record as of Sept. 15.
DTE Dividend Yield: 3.5%
First Bancorp (FNLC) increased its quarterly dividend 5% to 21 cents per share from 20 cents. The new dividend will be paid on July 30 to shareholders of record as of July 7. The stock will go ex-dividend on July 2.
FNLC Dividend Yield: 4.8%
Publisher John Wiley & Sons (JW-A) published a bigger dividend tome for investors to read, upping its payout 16% to 29 cents per share. The new dividend will be dolled out on July 16 to shareholders of record as of July 1. The publisher’s shares will go ex-dividend on June 27.
JW-A Dividend Yield: 1.9%
Office and residential REIT Lexington Realty Trust (LXP) increased the rent it pays to shareholders by 3% to 17 cents per share from 16.5 cents. The new dividend is payable July 15 to shareholders of record as of June 30. LXP’s ex-dividend date is June 26.
LXP Dividend Yield: 5.9%
Medical device maker Medtronic, Inc. (MDT) is one of the biggest firms in the cardiac and restorative therapy fields, and this week it announced increased financial therapy for shareholders. The company raised its quarterly dividend 9% to 30.5 cents per share. The new dividend is payable on July 25 to all shareholders on record as of July 3. The stock goes ex-dividend July 1.
MDT Dividend Yield: 1.9%.
Retail banking behemoth U.S. Bancorp (USB) gave a little more back to its owners, bumping up its dividend payment 6.5% to 24.5 cents per share. The new payout will take effect Jul 15 to shareholders of record as of Jun 30.
USB Dividend Yield: 2.2%
Global commercial real estate investment trust W. P. Carey Inc. (WPC) knows how to treat shareholders, and this dividend stock stalwart did just that this week. The company added to its payout by 0.6% to 90 cents per share from 89.5 cents. The new dividend will be distributed July 15 to shareholders of record as of June 30. Shares will go ex-dividend on June 26.
WPC Dividend Yield: 5.6%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.