The term “paint the town red” usually refers to a rowdy public celebration of sorts. Well, this week, shareholders of paint and specialty chemical juggernaut DuPont (DD) have reason to paint the town red in celebration of the company’s fresh dividend coat.
While DuPont was likely the highest-profile dividend stock brightening up shareholder portfolios this week, 12 other dividend stocks opted to refresh payouts, including candy maker Hershey (HSY), and oil and gas drilling services firm Nabors Industries (NBR).
Let’s take a closer look at all of this week’s dividend stocks increasing payouts. (Yield as of 7/23.)
Community bank holding company Bar Harbor Bankshares (BHB) added 3.2% to its quarterly dividend payout, increasing the payment to 23 cents per share. The new dividend will be paid Sept. 15 to shareholders of record as of Aug. 15. The stock goes ex-dividend on Aug. 13.
BHB Dividend Yield: 3.3%
Korean-American bank holding company BBCN Bancorp, Inc. (BBCN) turned up the dial on its payout by 33.3% to 10 cents per share from 7.5 cents. The new dividend is payable Aug. 15 to all shareholders of record as of Aug. 1. The stock goes ex-dividend on July 30.
BBCN Dividend Yield: 2.68%
BorgWarner Inc. (BWA) makes engineered components for vehicle power trains, and this week the company boosted the torque on its dividend by 4% to 13 cents per share. The new payout will roll out Sept. 16 to shareholders of record on Sept. 2. The stock goes ex-dividend Aug. 28.
BWA Dividend Yield: 0.79%
Marine engine and sports equipment maker Brunswick Corporation (BC) added some horsepower to its payout, upping its quarterly dividend on its common stock 25% to 12.5 cents per share from 10 cents. The new divvie is payable Sept. 15 to shareholders of record as of Aug. 25. The stock goes ex-dividend on Aug. 21.
BC Dividend Yield: 1.18%
Northwest regional bank holding company Columbia Banking System, Inc. (COLB) lifted its payout on common shares by nearly 17% to 14 cents per share from 12 cents. The payment is scheduled for Aug. 20 to shareholders of record as of Aug. 6. The stock goes ex-dividend on Aug. 4.
COLB Dividend Yield: 2.16%
DuPont (DD) was one of more than a dozen dividend stocks to increase its quarterly payout this week, and it did so via a 4.4% boost to shareholders. The new dividend was bumped higher by 2 cents per share to 47 cents from 45 cents. The new dividend is payable Sept. 12 to shareholders of record as of Aug, 15. The stock goes ex-dividend on Aug. 13.
DD Dividend Yield: 2.89%