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Avago Chips In – 5 Dividend Stocks Increasing Payouts

TR, AVGO, UNH among top companies coughing up more cash.


This week’s palette of dividend stocks increasing payouts (and thereby upping their dividend yields) spans a broad set of industries across just a few stocks. Of course, if you’re an investor primarily concerned with income generation, this week’s list of dividend stocks increasing payouts will appeal to you anyway, regardless of business. (All yields as of June 6.)

Companies Increasing DividendsAs for the chips, we had analog semiconductor devices maker Avago Technologies Ltd. (AVGO) increase the processing power of its quarterly dividend from 27 cents to 29 cents. The higher payout will be made June 30 to stockholders on record as of June 19. Avago’s dividend yield is 1.61%.

Elsewhere around the market, we had four other prominent companies increasing dividends.

CatchMark Timber Trust (CTT) cut up more trees last quarter, presumably to print out more cash for unitholders. The trust upped its payout from 11 cents per share to 12.5 cents, and now pays a dividend yield of 3.7%. The new payout will be made on Sept. 15 to unitholders of record as of Aug. 27.

Microscopic imaging firm FEI Company (FEIC) increased the optics on its quarterly dividend payment, increasing the payout from 12 cents cents per share to 25 cents. The new dividend will be seen on July 22 to shareholders of record as of July 9. The increase of 108.3% is hefty, but as for dividend yield, well, the shares still pay just 1.16%.

Oil and gas contract firm Helmerich & Payne (HP) drilled deep into its dividend well and unearthed a 10% dividend increase from 62.5 cents per share to 68.75 cents. The dividend yield on the shares is 2.47%. Shareholders of record as of Aug. 15 will receive the new payout on Sept. 2.

Health care provider UnitedHealth Group Inc. (UNH) revamped its dividend policy, making its payout 34% healthier than the previous quarter. The new payout will go from 28 cents per share to 37.5 cents. Dividend yield on this health care insurer is 1.88%. The new payment will be doled out on June 25 to shareholder of record as of June 12. The company also announced that it renewed its share buyback program with an authorization to get back 100 million shares.

As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.

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