Following two consecutive weeks of declines, the S&P 500 Index was fighting to close slighter higher on another week filled with mixed earnings reports. With the U.S. Presidential election right around the corner, the potential for another interest rate increase from the Federal Reserve in December, and neutral economic growth being reported from most developed economies, markets have remained in a sideways trend. However, dividends continued rising for a number of dividend stocks.
Nine notable dividend stocks increased their payouts over the last week, including two industrial-focused manufacturers, three midstream energy partnerships, a leading payments technology company and a major car dealership.
Here are nine dividend stocks increasing payouts.
Visa Inc (NYSE:V) boosted its quarterly dividend by 18%, raising it from 14 cents per share to 16.5 cents. Dividends will be paid from the payments technology company on Dec. 6 to shareholders of record as of Nov. 18. V shares become ex-dividend on Nov. 16.
V Dividend Yield: 0.80%
Amphenol Corporation (NYSE:APH) increased its quarterly dividend by 14% to 16 cents per share from 14 cents. Shareholders of record as of Dec. 13 will receive dividends from the diversified manufacturer of electronic connectors and sensors on January 5, 2017. The company’s shares will go ex-dividend on Dec. 9.
APH Dividend Yield: 0.97%
Cintas Corporation (NASDAQ:CTAS) raised its annual dividend by 27%, increasing it from $1.05 per share to $1.33. The provider of workforce uniforms and miscellaneous business maintenance services will pay its higher dividend to shareholders of record as of Nov. 4 on Dec. 2. CTAS shares will trade ex-dividend on Nov. 2.
CTAS Dividend Yield: 1.25%
Lincoln Electric Holdings, Inc. (NASDAQ:LECO) hiked its quarterly dividend by 9%, raising its payment from 32 cents per share to 35 cents. Shareholders of record as of Dec. 31 will receive dividends from the manufacturer of welding and cutting products on January 1, 2017. LECO shares will be ex-dividend on Dec. 28.
LECO Dividend Yield: 2.09%
Western Gas Partners, LP (NYSE:WES) raised its quarterly dividend up from 83 cents per share to 84.5 cents, representing a 2% increase. The midstream energy partnership will pay out its higher dividends to shareholders of record as of Oct. 31 on Nov. 10. WES shares will trade ex-dividend on Oct. 27.
WES Dividend Yield: 5.73%
Penske Automotive Group, Inc. (NYSE:PAG) increased its quarterly dividend by 4%, raising its payment by a penny to 29 cents per share from 28 cents. The operator of vehicle dealerships will pay shareholders of record as of Nov. 10 on Dec. 1. The stock’s shares trade ex-dividend on Nov. 8.
PAG Dividend Yield: 2.65%
Brunswick Corporation (NYSE:BC) moved its quarterly dividend higher by 1.5 cents, increasing it by 10% from 15 cents per share to 16.5 cents. The manufacturer of boats, boat engines and other recreational products will pay its higher dividend to shareholders of record as of Nov. 22 on Dec. 15. BC shares trade ex-dividend on Nov. 18.
BC Dividend Yield: 1.38%
Phillips 66 Partners LP (NYSE:PSXP) announced a 5% raise to its quarterly dividend, bringing its payout up from 50.5 cents per share to 53.1 cents. The owner of oil and gas transportation pipelines and other midstream energy assets will send its higher dividends out on Nov. 14 to shareholders of record as of Nov. 2. PSXP shares will trade ex-dividend on Oct. 31.
PSXP Dividend Yield: 4.47%
Shell Midstream Partners LP (NYSE:SHLX) rewarded shareholders with a 6% raise to its quarterly dividend, increasing it from 25 cents per share to 26.375 cents. Shareholders of record as of Oct. 31 will receive their higher dividends on Nov. 14 from the energy pipeline and transportation operator. The company’s shares will be ex-dividend on Oct. 27.
SHLX Dividend Yield: 3.70%
As of this writing, Simply Safe Dividends was long APH and LECO.
