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UTX Ups Its Payout: 6 Companies Increasing Dividends

Questcor, RPM among others planning to write bigger checks


Companies Increasing DividendsIt’s been a topsy-turvy week for the markets, with the government shutdown and impending debt ceiling crises — as well as news about a possible short-term solution — whipsawing Wall Street on a daily basis.

Amid the news, a generally quiet week on the dividend front did manage to include at least one big name, Dow Jones component United Technology (UTX).

A total of six companies made it onto our Companies Increasing Dividends list for the week. (Note: All yields are as of Oct. 11):

Midstream oil and gas MLP Genesis Energy (GEL) raised its quarterly distribution 2.5% to 52.25 cents per share, payable Nov. 14 to unitholders of record as of Nov. 1.
GEL Dividend Yield: 4.25%

Hotel and travel REIT Hospitality Properties Trust (HPT) raised its quarterly dividend 2.1% to 48 cents per share, payable Nov. 22 to shareholders of record as of Oct. 25.
HPT Dividend Yield: 6.71%

Biopharma stock Questcor Pharmaceuticals (QCOR) raised its quarterly dividend 20% to 30 cents per share, payable Oct. 30 to shareholders of record as of Oct. 22.
QCOR Dividend Yield: 2%

Specialty chemicals manufacturer RPM International (RPM) raised its quarterly dividend 6.7% to 24 cents per share, payable Oct. 31 to shareholders of record Oct. 21. The increase is the 40th consecutive year of annual dividend increases for RPM.
RPM Dividend Yield: 2.57%

Select Income REIT (SIR), a real estate investment trust that owns single-tenant, net-leased properties, raised its quarterly dividend 4.5% to 46 cents per share, payable Nov. 20 to shareholders of record as of Oct. 24.
SIR Dividend Yield: 7.06%

Industrial conglomerate United Technologies (UTX) raised its dividend 10% to 58.9 cents per share, payable Dec. 10 to shareholders of record as of Nov. 15.
UTX Dividend Yield: 2.2%

Marc Bastow is an Assistant Editor at As of this writing, he did not hold a position in any of the aforementioned securities. For more payout winners, see previous weeks’ lists of Companies Increasing Dividends.

Article printed from InvestorPlace Media,

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