Johnny Cash famously sang, “I hear the train a comin’, it’s rollin’ round the bend…” This week, dividend stock investors also can hear the train a comin’ — the dividend increase train.
Leading this week’s pack of dividend stocks increasing payouts is railroad giant Union Pacific Corporation (UNP). On Thursday, the company’s board of directors voted to boost the horsepower on its quarterly dividend by 10%, raising the payout from 45 cents per share to 50 cents. The amplified dividend is payable Oct. 1 to shareholders of record as of Aug. 29. The railroad company’s shares will go ex-dividend on Aug. 27. The dividend yield on UNP shares will increase to 2%, based on current pricing.
For income investors, the UNP payout boost is just one of 10 dividend stocks increasing payouts this week, a week that includes other high-profile companies in the banking, energy and industrial sectors.
Natural gas and oil firm Access Midstream Partners (ACMP) raised its quarterly dividend payment to 3.5% to 59.5 cents per share. The increased payout will be sent to shareholders Aug. 14, provided they are owners of record by Aug. 7.
ACMP Dividend Yield: 3.94%
General partnership Alliance Holdings GP, L.P. (AHGP) is the controlling interest behind several energy partnerships. This week, the GP increased its quarterly dividend payment 2.7% to 87 cents per share. The new payment will be delivered Aug. 19 to shareholders of record as of Aug. 12.
AHGP Dividend Yield: 4.94%
Alliance Resource Partners LP (ARLP) is one of the firms controlled by AHGP, and this week it also raised its quarterly dividend. The new payment of 62.5 cents per share is a 2.2% increase. The new payment is scheduled for Aug. 14 to shareholders of record as of Aug. 7.
ARLP Dividend Yield: 5.03%
Engineered industrial products maker Crane Co. (CR) is the producer of all sorts of high-tech aerospace equipment, and this week the company produced a 10% increase in its quarterly dividend to 33 cents per share. The new dividend will be paid Sept. 9 to shareholders of record as of Aug. 29.
CR Dividend Yield: 1.94%
Regional bank holding company Eagle Bancorp Montana (EBMT) has banks in some of the most beautiful areas in the country, and this week the company added to its fiscal beauty by increasing its dividend by 3.4%, to 7.5 cents per share. The new dividend will be paid Sept. 5 to shareholders of record as of Aug. 15.
EBMT Dividend Yield: 2.84%
Medical office building REIT Healthcare Trust of America (HTA) added 1% more vigor to its quarterly payout, increasing its dividend to 14.5 cents per share. The new dividend is payable Oct. 3 to shareholders of record as of Sept. 6.
HTA Dividend Yield: 4.9%
Natural gas products giant Regency Energy Partners L.P. (RGP) turned up the heat on its quarterly payout by 2.1% to 49 cents per share. The increased payment will be sent out on Aug. 14 to shareholders of record as of Aug. 7.
RGP Dividend Yield: 6.51%
Retail deposit and bank holding firm Southern Missouri Bancorp (SMBC) collected enough revenue of late to be able to raise its quarterly dividend 6.3%, or one penny, to 17 cents per share. The new payment is scheduled for Aug. 29 to shareholders of record as of Aug. 15.
SMBC Dividend Yield: 1.91%
Petroleum refinery and gasoline producer Valero Energy (VLO) put 10% octane in its dividend blend, raising its quarterly dividend to 27.5 cents per share. The new dividend will be paid Sept. 17 to shareholders of record as of Aug. 20.
VLO Dividend Yield: 2.19%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.