Hot stocks to watch this afternoon: GPRO, HAS, MU >>> READ MORE

13 Companies Increasing Dividends

Home improvement, apparel, industrial among payout performers

    View All  

Companies Increasing DividendsThings aren’t looking too good in Europe, and renewed fears over an imminent recession in the region weighed heavily on global equities this week. The euro zone debt-induced selling took domestic stock stocks down about 3% this week, as traders tried to reduce exposure to the riskiest assets affected by the region’s woes.

The gloomy skies over Europe might portend more pain for the region, but the euro zone’s looming problems didn’t stop the parade of companies spreading the wealth among shareholders. This week, we saw some very big names boosting payouts, including a home improvement giant, an athletic footwear icon and several industrial behemoths.

This week, these 13 companies made it onto our Companies Increasing Dividends list:

Biologic and medical products maker Baxter International (NYSE:BAX) gave shareholders a fresh dose of fiscal plasma, lifting its quarterly dividend to 33.5 cents per share from 31 cents. The new payout transfusion will be conducted Jan. 4 to shareholders of record as of Dec. 9. The new dividend yield, based on the Nov. 15 closing price (the day the dividend was announced) of $54.57, is 2.46%. Late last month, Baxter reported both better-than-expected revenue and earnings for the third quarter.

Brown-Forman (NYSE:BF.B) is an alcoholic beverage company that makes iconic American brands such as Jack Daniel’s and Southern Comfort. This week, the company raised its shot glass to shareholders, drinking up a new dividend of 35 cents per share vs. the 32 cents paid last quarter. The new dividend is payable Dec. 27 to shareholders of record Dec. 6. The new dividend yield, based on the Nov. 17 closing price of $74.54, is 1.88%.

Diversified insurance giant Hanover Insurance Group (NYSE:THG) moved to ensure investors of its fiscal health, raising its quarterly dividend to 30 cents per share from 27.5 cents. The increased payout will be delivered on Dec. 13 to shareholders of record as of Nov. 29. The new dividend yield, based on the Nov. 15 closing price of $37.11, is 3.23%. Earlier this month, the company posted a narrower-than-expected quarterly loss on increased policy sales.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC