The market rebound was in full effect this week, as traders flicked the Fed’s official ending of QE like dirt off the shoulder. Amidst another good week for the bulls, there were also almost a dozen dividend stocks moving to boost shareholder payouts and increase dividend yield.
Aflac re-insured its dividend payout by 5.4% this week, boosting its quarterly dividend to 39 cents per share from 37 cents. The increased payment will be made on Dec. 1 to shareholders of record as of Nov. 19. The shares go ex-dividend on Nov. 17.
AFL Dividend Yield: 2.61%
BP plc opened up the pump on its fiscal payout by 5.3% to 60 cents per share from 58.5 cents. The new payment will be made on Dec. 19 to shareholders of record as of Nov. 7. The stock will become ex-dividend on Nov. 5.
BP Dividend Yield: 5.59%
Wynn Resorts, the brainchild of gaming industry titan Steve Wynn, hit a blackjack for shareholders and increased its payment 20% to $1.50 per share from $1.25. The company also doubled down on its dividend by declaring a $1.00 per share “special dividend.” Both dividends will be payable Nov. 25 to shareholders of record as of Nov. 12. The shares will go ex-dividend on Nov. 7.
WYNN Dividend Yield: 3.17%
In addition to these three high-profile dividend stocks pumping up their dividend yield, there were nine other dividend stocks increasing their payments this week.
Access Midstream Partners (ACMP), formerly known as Chesapeake Midstream Partners, is a natural gas gathering and processing services partnership. This week the company increased its distribution 3.4% to 61.5 cents per unit from 59.5 cents. The new payment is scheduled for delivery on Nov. 14 to unitholders of record as of Nov. 7. The shares go ex-dividend on Nov. 5.
ACMP Dividend Yield: 3.91%
DCP Midstream Partners, LP (DPM) is a natural gas partnership, and it’s boosting the temperature on its distribution, this time by 1.7% to 77 cents per unit from 75.75 cents. The new distribution will be paid Nov. 14 to unitholders of record as of Nov. 7. The shares go ex-dividend on Nov. 5.
DPM Dividend Yield: 5.85%
Huntington Ingalls Industries (HII) builds ships for the US military fleet. Huntington Ingalls was the dividend stock posting the biggest yield increase this week, building up the seaworthiness of its payout by 100%, announcing a new quarterly dividend of 40 cents from the prior payment of 20 cents. The new payout is scheduled to depart the docks on Dec. 12 to shareholders of record as of Nov. 28. HII goes ex-dividend Nov. 25.
HII Dividend Yield: 1.52%
Kimco Realty Corp (KIM) is another shopping center REIT that added to shareholder baskets. The company increased its dividend 6.7% to 24 cents per share from 22.5 cents. The new payment will be sent Jan. 15 to shareholders of record as of Jan. 2. Shares go ex-dividend Dec. 30.
KIM Dividend Yield: 3.86%
Lincoln National Corporation (LNC) provides insurance and annuity policies to consumers, and this week it upped its dividend annuity 25% to 20 cents per share from 16 cents. The new payment will be released Feb. 1 to shareholders of record as of Jan. 12. The stock goes ex-dividend on Jan. 8.
LNC Dividend Yield: 1.51%
Precision Drilling Corp (PDS) is an oil and gas equipment firm, and this week it drilled down to unearth a 17% increase in its quarterly dividend to 7 cents per share from 6 cents. The new dividend is payable Nov. 24 to shareholders of record as of Nov. 14. Shares go ex-dividend Nov. 12.
PDS Dividend Yield: 3.46%
Regency Energy Partners (RGP) is a big player in the natural gas and liquefied natural gas markets. This week, the company pumped more fiscal gas to unitholders, upping its payment 7% to 50.25 cents per unit from 49 cents. The new distribution will be paid Nov. 14 to unitholders of record as of Nov. 7. Units go ex-dividend Nov. 5.
RGP Dividend Yield: 6.68%
TD Ameritrade Holding Corporation (AMTD) is a huge player in the brokerage business, and this week it credited investor accounts with a 25% increase in its quarterly dividend to 15 cents per share from 12 cents. The new payment is scheduled for Nov. 20 to shareholders of record as of Nov. 6. The stock will go ex-dividend on Nov. 4.
AMTD Dividend Yield: 1.81%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.