It’s a new year, and that’s as good a reason as any for dividend stocks to keep shareholders happy by increasing payouts. And while the final week of December and the first few trading days of January were whisper quiet in terms of dividend stocks increasing payouts, in the past week we’ve seen a healthy number of prominent companies taking care of their respective owners.
By far the highest-profile dividend stock increasing its payout was Ford Motor Company (F). The U.S. automaker declared a Q1 dividend of 15 cents per share on its Class B and common stock. That dividend represents a 20% increase over the prior quarter’s payment of just 12.5 cents.
Ford’s new dividend will drive into shareholders’ portfolio garages on March 2, provided owners have parked the stock in their accounts by Jan. 30. F shares go ex-dividend Jan. 28. Ford’s new dividend yield is 3.94%.
In addition to Ford, there were seven other dividend stocks that decided to increase shareholder winnings. Let’s take a look at each now.
Bank of the Ozarks (OZRK) boosted its quarterly payout by 4% to 13 cents per share from 12 cents. The regional bank operating in Arkansas, North Carolina and Texas said the new dividend is payable Jan. 23 to shareholders of record as of Jan. 16. OZRK shares go ex-dividend on Jan. 14.
OZRK Dividend Yield: 1.49%
DDR Corp (DDR) increased its quarterly dividend 11.3% to 17.25 cents per share from 15.5 cents. The Ohio-based retail REIT said the new rent it pays to shareholders will begin on Apr. 7 to owners of record as of March 12. DDR shares become ex-dividend March 10.
DDR Dividend Yield: 3.65%
Enterprise Products Partners L.P. (EPD) opened up the flow on its quarterly distribution pipeline with a 1.4% increase in its quarterly payment to 37 cents per unit from 35.5 cents. The new payout will be delivered Feb. 6 to unitholders of record as of Jan. 30. EPD becomes ex-dividend on Jan. 28.
EPD Dividend Yield: 4.36%
Genesis Energy, L.P. (GEL) transports crude oil and natural gas through its pipelines, but now it will transport a 2.5% increase in its quarterly distribution to 59.5 cents per unit from 58 cents. The enhanced payment will be made Feb. 13 to unitholders of record as of Feb. 2. GEL becomes ex-dividend on Jan. 29.
GEL Dividend Yield: 5.76%
Sovran Self Storage Inc (SSS) is an industrial REIT that collects revenue from storage units, and this week the company announced it would give back some of that revenue in the form of a bigger dividend. SSS upped its payment 10.3% to 75 cents per share from 68 cents. The new dividend is payable Jan. 26 to shareholders of record as of Jan. 16. Act quickly, though — SSS goes ex-dividend on Jan. 14.
SSS Dividend Yield: 3.29%
Tallgrass Energy Partners LP (TEP) turned up the heat on its quarterly distribution by 18.3% to 48.5 cents per unit from 41 cents. The new fiscal delivery to unitholders will take place to Feb. 13 to owners of record as of Jan. 26. TEP becomes ex-dividend on Jan. 22.
TEP Dividend Yield: 4.29%
Watsco Inc (WSO) increased its quarterly dividend 16.7% to 70 cents per share from 60 cents. The air conditioning and heating equipment company will add to shareholder accounts on Jan. 30, provided owners are on record as of Jan. 21. WSO goes ex-dividend on Jan. 16.
WSO Dividend Yield: 2.62%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities. He does, however, own a Ford F-series pickup truck.