The stock market reached an all-time high this week, more than erasing all the Brexit losses as central banks around the world continued to hint at additional stimulus measures.
A handful of dividend stocks also rewarded shareholders by increasing their dividends.
Seven noteworthy dividend stocks raised their payouts over the past week, including two healthcare-focused companies, a major electric utility company and a leading manufacturer of industrial engines.
Here are seven dividend stocks increasing payouts.
Duke Energy Corp (DUK) rewarded shareholders with a 4% boost to its quarterly dividend, increasing it from 82.5 cents per share to 85.5 cents. Shareholders of record as of August 12 will receive their higher dividends on Sept. 16 from the provider of electric and gas utility services. The company’s shares will be ex-dividend on August 10.
DUK Dividend Yield: 4.04%
Walgreens Boots Alliance Inc (WBA) increased its quarterly dividend by 4% to 37.5 cents per share from 36 cents. Shareholders of record as of August 19 will receive dividends from the drugstore retailer on Sept. 12. The company’s shares go ex-dividend on August 17.
WBA Dividend Yield: 1.81%
Cummins Inc. (CMI) raised its quarterly dividend up from 97.5 cents per share to $1.025, representing a 5% increase. The industrial engines and components manufacturer will pay out its higher dividends to shareholders of record as of August 22 on Sept. 1. CMI shares will trade ex-dividend on August 18.
CMI Dividend Yield: 3.44%
Antero Midstream Partners LP (AM) increased its dividend by 6%, raising its quarterly payment to 25 cents per share from 23.5 cents. The midstream energy pipeline operator will pay shareholders of record as of August 10 on August 24. The stock’s shares trade ex-dividend on August 8.
AM Dividend Yield: 3.71%
J M Smucker Co (SJM) boosted its quarterly dividend by 12%, raising it from 67 cents per share to 75 cents. Dividends will be paid from the branded food and beverage manufacturer on Sept. 1 to shareholders of record as of August 12. SJM shares become ex-dividend on August 10.
SJM Dividend Yield: 1.96%
Healthcare Services Group, Inc. (HCSG) sent its quarterly dividend higher by less than a penny, increasing it by 1% from 18.25 cents per share to 18.375 cents. The provider of healthcare facility management services will pay its higher dividend to shareholders of record as of August 19 on Sept. 23. HCSG shares trade ex-dividend on August 17.
HCSG Dividend Yield: 1.91%
Select Income REIT (SIR) announced a 2% raise to its quarterly dividend, bringing its payout up from 50 cents per share to 51 cents. The commercial and industrial real estate investment trust will send its higher dividends out on August 18 to shareholders of record as of July 22. SIR shares will trade ex-dividend on July 20.
SIR Dividend Yield: 7.49%
As of the time of this writing, Simply Safe Dividends was long CMI and SJM.
