by Marc Bastow | March 7, 2014 2:30 pm
Earnings season is slowing down as we head into March, and judging by the number of dividend stocks increasing payouts this week, investors can start to take a breather as they wait for the next quarter to begin.
Chip maker Qualcomm (QCOM) stepped up to the dividend plate during the week, raising its dividend for the 11th consecutive year.
Here’s a look at the new payout from Qualcomm as well as the improvements from other dividend stocks this week.
(Note: All dividend yields are as of March 7.)
Energy corporation Devon Energy (DVN) raised its quarterly dividend 9% to 24 cents per share, payable June 30 to shareholders of record as of June 13.
DVN Dividend Yield: 1.48%
The biggest increase in our dividend stocks this week came from multichannel video game retailer GameStop (GME) which raised its quarterly dividend 20% to 33 cents per share, payable March 25 to shareholders of record as of March 17.
GME Dividend Yield: 3.39%
Defense contractor General Dynamics (GD) raised its quarterly dividend 10.7% to 62 cents per share, payable May 9 to shareholders of record as of April 11. The increase is the 17th consecutive annual dividend raise for GD.
GD Dividend Yield: 2.23%
Vehicle towing and recovery equipment manufacturer Miller Industries (MLR) raised its quarterly dividend 7.1% to 15 cents per share, payable March 24 to shareholders of record as of March 17.
MLR Dividend Yield: 3.11%
Natural gas and energy services provider Piedmont Natural Gas (PNY) raised its quarterly dividend 3.2% to 32 cents per share, payable April 15 to shareholders of record as of March 25. At more than a 3.75% yield, PNY is the highest yielder on this week’s list of dividend stocks.
PNY Dividend Yield: 3.76%
Manufacturer of digital communications devices Qualcomm (QCOM) raised its quarterly dividend 20% to 42 cents per share, payable for dividends any time after March 26. No specific dividend payout date or ex-dividend dates have been announced at this point.
QCOM Dividend Yield: 2.18%
Super-regional shopping center real estate investment trust (REIT) Taubman Centers (TCO) raised its quarterly dividend 8% to 54 cents per share, payable March 31 to shareholders of record as of March 17.
TCO Dividend Yield: 3.12%
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he did not hold a position in any of the aforementioned securities. For more dividend stocks increasing payouts, see previous weeks’ lists of Companies Increasing Dividends.
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