The term “paint the town red” usually refers to a rowdy public celebration of sorts. Well, this week, shareholders of paint and specialty chemical juggernaut DuPont (DD) have reason to paint the town red in celebration of the company’s fresh dividend coat.
While DuPont was likely the highest-profile dividend stock brightening up shareholder portfolios this week, 12 other dividend stocks opted to refresh payouts, including candy maker Hershey (HSY), and oil and gas drilling services firm Nabors Industries (NBR).
Let’s take a closer look at all of this week’s dividend stocks increasing payouts. (Yield as of 7/23.)
Community bank holding company Bar Harbor Bankshares (BHB) added 3.2% to its quarterly dividend payout, increasing the payment to 23 cents per share. The new dividend will be paid Sept. 15 to shareholders of record as of Aug. 15. The stock goes ex-dividend on Aug. 13.
BHB Dividend Yield: 3.3%
Korean-American bank holding company BBCN Bancorp, Inc. (BBCN) turned up the dial on its payout by 33.3% to 10 cents per share from 7.5 cents. The new dividend is payable Aug. 15 to all shareholders of record as of Aug. 1. The stock goes ex-dividend on July 30.
BBCN Dividend Yield: 2.68%
BorgWarner Inc. (BWA) makes engineered components for vehicle power trains, and this week the company boosted the torque on its dividend by 4% to 13 cents per share. The new payout will roll out Sept. 16 to shareholders of record on Sept. 2. The stock goes ex-dividend Aug. 28.
BWA Dividend Yield: 0.79%
Marine engine and sports equipment maker Brunswick Corporation (BC) added some horsepower to its payout, upping its quarterly dividend on its common stock 25% to 12.5 cents per share from 10 cents. The new divvie is payable Sept. 15 to shareholders of record as of Aug. 25. The stock goes ex-dividend on Aug. 21.
BC Dividend Yield: 1.18%
Northwest regional bank holding company Columbia Banking System, Inc. (COLB) lifted its payout on common shares by nearly 17% to 14 cents per share from 12 cents. The payment is scheduled for Aug. 20 to shareholders of record as of Aug. 6. The stock goes ex-dividend on Aug. 4.
COLB Dividend Yield: 2.16%
DuPont (DD) was one of more than a dozen dividend stocks to increase its quarterly payout this week, and it did so via a 4.4% boost to shareholders. The new dividend was bumped higher by 2 cents per share to 47 cents from 45 cents. The new dividend is payable Sept. 12 to shareholders of record as of Aug, 15. The stock goes ex-dividend on Aug. 13.
DD Dividend Yield: 2.89%
Candy and confectioner Hershey made the taste of its common stock dividend sweeter by 10% to 53.5 cents per share from 48.5 cents. The tastier payout will be made Sept. 15 to shareholders of record as of Aug. 25. The stock goes ex-dividend on Aug. 21.
HSY Dividend Yield: 2.33%
Lindsay Corp. (LNN) is the maker of irrigation systems and infrastructure products. This week, it dug into its financials and found 4% more money for shareholder dividends. The new payment of 27 cents per share is a penny more than the prior payout. The new dividend is payable Aug. 29 to shareholders of record as of Aug. 15. The stock goes ex-dividend on Aug. 13.
LNN Dividend Yield: 1.29%
Oil and gas drilling giant Nabors Industries is no stranger to going deep, and this week the company went deep down and came out with a whopping 50% dividend increase to 6 cents per share. The enhanced payout will begin on Sept. 30 to shareholders of record as of Sept. 9. The stock goes ex-dividend on Aug. 13. There was no ex-dividend date stated by Nabors.
NBR Dividend Yield: 0.81%
Natural gas midstream firm ONEOK (OKE), as well as its MLP structured ONEOK Partners, L.P. (OKS), increased their respective payments to shareholders. OKE added to its payment by 3% to 57.5 cents per share. OKS upped its payment 2% to 76 cents per share. Both OKE and OKS payments will be made Aug. 14 to shareholders of record as of Aug. 4. Both securities go ex-dividend on July 31.
OKE Dividend Yield: 3.44%, OKS Dividend Yield: 5.3%.
Provident Financial Holdings (PROV), the holding company for Provident Savings Bank, added 10% to its dividend. The new payment now is 11 cents per share from the previous 10 cents. The new payout will be sent Sept. 3 to shareholders of record as of Aug. 12. The stock goes ex-dividend on Aug. 8.
PROV Dividend Yield: 3.03%
Republic Services (RSG) is the second-largest waste management/trash hauler in the country. This week the company announced it was giving back 7.7% more money to shareholders, increasing its dividend payment to 28 cents from 26 cents. The new dividend will be paid on Oct. 15 to shareholders of record as of Oct. 1. No ex-dividend date for the payment was given.
RSG Dividend Yield: 2.98%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.