Trains, Fertilizer, Copiers Lead 15 Dividend Stocks Increasing Payouts

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Earnings season is in full effect, and this week there was a bevy of big-name dividend stocks increasing payouts. From trains to fertilizer to business machines, the eclectic batch of dividend stocks increasing payouts this week was a bonanza for income investors on the hunt for high dividend yield.

dividend stocksGiven that this week’s list of dividend stocks increasing payouts is both long and distinguished, let’s get right to it.

Here are 15 dividend stocks increasing payouts:

A. O. Smith Corp (NYSE:AOS) manufactures water heating and purification equipment, and this week the company purified its dividend with a 26.7% increase from 15 cents to 19 cents per share. The warmer dividend is payable Feb. 17 to shareholders of record as of Feb. 6. Shares go ex-dividend Feb. 4.
AOS Dividend Yield: 1.01%

Arthur J. Gallagher & Co. (NYSE:AJG) increased its quarterly dividend by a penny, or about 2.8%, to 37 cents per share. The insurance brokerage and claims services firm will pay the new dividend on March 20 to shareholders of record as of March 4. AJG shares go ex-dividend on March 2.
AJG Dividend Yield: 3.32%.

AvalonBay Communities Inc (NYSE:AVB) pushed its dividend payment higher by 7.8% from $1.16 to $1.25 per share. The REIT that specializes in apartment complexes will pay the higher rent to shareholders on April 15 to owners of record as of March 31. The stock goes ex-dividend on March 27.
AVB Dividend Yield: 2.91%

Costco Wholesale Corporation (NASDAQ:COST) didn’t increase its regular quarterly payout, but it did announce a special one-time dividend of $5 per share. That dividend is on top its regular quarterly payment of 35.5 cents per share. The discount retailer’s special dividend is payable Feb. 27 to shareholders of record as of Feb. 9. The stock goes ex-dividend on Feb. 5.
COST Dividend Yield: 0.99%

HCP, Inc. (NYSE:HCP) boosted the vitality of its dividend by 3.7% from 54.5 cents to 56.5 cents. The healthcare REIT’s new payout will be made on Feb. 24 to shareholders of record as of Feb. 9. HCP shares go ex-dividend on Feb. 5.
HCP Dividend Yield: 4.85%.

Kansas City Southern (NYSE:KSU) added another boxcar to its quarterly payout, raising its dividend 17.9% from 28 cents to 33 cents per share. The new payment is scheduled to arrive on April 8 to shareholders of record as of March 9. The railway operator’s shares go ex-dividend March 5.
KSU Dividend Yield: 1.18%.

NGL Energy Partners LP (NYSE:NGL) turned up the heat on its quarterly distribution by 1.4%, from 60.88 cents to 61.75 cents per unit. The natural gas partnership’s new payment will be made on Feb. 13 to unitholders of record as of Feb. 6. Units go ex-dividend Feb. 4.
NGL Dividend Yield: 8.15%

Norfolk Southern Corp. (NYSE:NSC) added another 3.5% to its quarterly giveback to shareholders, increasing the dividend from 57 cents to 59 cents per share. The new payment will hit shareholder accounts on March 10 to owners of record as of Feb. 6. NSC shares will become ex-dividend on Feb. 4.
NSC Dividend Yield: 2.3%

Praxair, Inc. (NYSE:PX) manufactures gases used in industrial applications, and this week the company added a little ether to its quarterly dividend. The new payment of 71.5 cents per share versus the prior outlay of 65 cents represents a 10% increase in the company’s dividend. The higher payment is scheduled for March 16 to shareholders of record as of March 6. PX goes ex-dividend on March 4.
PX Dividend Yield: 2.36%

Polaris Industries Inc. (NYSE:PII) is the maker of power sports products such as off-road and all-terrain vehicles. This week the company’s dividend drove off the current path and climbed 10.4% from 48 cents to 53 cents per share. The new payment will hit garages on March 16 to shareholders of record as of March 2. No ex-dividend date was available for PII.
PII Dividend Yield: 1.45%.

Potash Corp./Saskatchewan (USA) (NYSE:POT) is one of the biggest providers of fertilizer and feed products in the world, and this week its products helped feed shareholders. The dividend increased by 8.5%, from 35 cents to 38 cents per share. The new dividend is slated for May 4 to shareholders of record as of April 13. POT goes ex-dividend April 9.
POT Dividend Yield: 4.14%

Quest Diagnostics Inc (NYSE:DGX) is the operator of medical testing services around the country. This week it tested positive for a higher dividend, upping its payment 15.2% from 33 cents to 38 cents per share. The increased payment will be made April 22 to shareholders of record as of April 8. The stock becomes ex-dividend on April 6.
DGX Dividend Yield: 1.87%

Rogers Communications Inc. (USA) (NYSE:RCI) is a media and communications giant based in Canada. This week the company broadcast a 4.9% increase in its quarterly dividend from 45.75 cents to 48 cents per share. The increased payment is scheduled to air on April 1 to shareholders of record as of March 13. RCI becomes ex-dividend March 11.
RCI Dividend Yield: 5.37%

Valero Energy Corporation (NYSE:VLO) refines oil into all sorts of petroleum derivatives. This week it refined its dividend by a whopping 45.5% from 27.5 cents to 40 cents per share. The much bigger payout is deliverable March 3 to shareholders of record as of Feb. 11. VLO shares become ex-dividend Feb. 9.
VLO Dividend Yield: 2.97%

Xerox Corp (NYSE:XRX) decided it was better to increase its quarterly dividend rather than simply copy last quarter’s payout. The new dividend represents a 10.7% boost from 6.25 cents to 7 cents per share. The higher payment will be sent April 30 to shareholders of record as of March 31. No ex-dividend date was available.
XRX Dividend Yield: 2.12%

As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.

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