Coke, Smoke and Kleenex Top 14 Dividend Stocks Increasing Payouts

The week may have been shortened by the President’s Day holiday on Monday, but there was no shortage of dividend stocks increasing payouts. In fact, some of the market’s biggest, most well-known consumer brand makers announced that their respective shareholders would receive an increase in their quarterly dividend payments.

dividend stocks to buyLeading the star-studded pack of dividend stocks increasing payouts is beverage giant The Coca-Cola Co (NYSE:KO). The iconic global brand added 8.2% more fizz to its dividend, increasing its payment to 33 cents per share from 30.5 cents. The new dividend will be payable on April 1 to shareholders of record as of March 16. The Dow component’s shares will go ex-dividend on March 12. Based on the new quarterly payment, KO now has a dividend yield of 3.13%.

Another big-name consumer brand boosting the flame on its dividend is cigarette maker Lorillard Inc. (NYSE:LO). The third largest manufacturer of cigarettes in the United States announced a 7.3% increase in its quarterly dividend to 66 cents per share from 61.5 cents. The new dividend is payable March 10 to shareholders of record as of March 2. There was no specific ex-dividend date announced. The new payout translates into a dividend yield of 3.89%.

Yet another big consumer name pumping up its payout this week was personal care products maker Kimberly Clark Corp (NYSE:KMB). Perhaps best known for its Kleenex tissue product, this week the company upped its dividend by 4.8% to 88 cents per share from 84 cents. The new, thicker-ply dividend will be available April 2 to shareholders of record as of March 6. Investors interested in getting this increased dividend will need to buy the stock before its ex-dividend date of March 4. The new dividend yield on KMB shares is 3.18%.

In addition to Coke, smoke and Kleenex, there were 11 other dividend stocks that made it onto our Companies Increasing Dividends list this week. Here’s the lowdown on the dozen additional increases:

Analog Devices, Inc. (NASDAQ:ADI) approved an 8.1% increase in its quarterly dividend to 40 cents per share from 37 cents. The maker of integrated circuits said it would integrate the new dividend to shareholder accounts on March 10 to owners of record as of Feb. 27. Shares become ex-dividend on Feb. 25.
ADI Dividend Yield: 2.73%

Colgate-Palmolive Company (NYSE:CL) brushed its quarterly payment this week, adding a shinier 6% to 38 cents per share from 36 cents. The toothpaste maker’s new dividend will be paid on May 15 to shareholders of record as of Apr. 23. No ex-dividend date was provided.
CL Dividend Yield: 2.16%

DSW Inc. (NYSE:DSW) put its best foot forward and increased its quarterly dividend by 6.7% to 20 cents per share from 18.75 cents. The shoe retailer’s new payment can be worn on March 31 to shareholders of record as of March 20. DSW will go ex-dividend on March 18.
DSW Dividend Yield: 2.23%

Flowserve Corp (NYSE:FLS) opened the fiscal spigot on its quarterly payment by 12.5% to 18 cents per share from 16 cents. The flow control systems maker will send its new dividend out on Apr. 10 to shareholders of record as of March 27. Shares will become ex-dividend on March 25. FLS Dividend Yield: 1.15%

Foot Locker, Inc. (NYSE:FL) put on some new fiscal kicks and jumped its dividend 13.6% to 25 cents per share from 22 cents. The new dividend payment will arrive in shareholder accounts on May 1 to owners of record as of Apr. 17. The shares become ex-dividend on Apr. 15.
FL Dividend Yield: 1.60%

Genuine Parts Company (NYSE:GPC) added 7% more horsepower to its dividend, boosting the payment to 61.5 cents per share from 57.5 cents. The auto parts distributor will send out the new dividend on Apr. 1 to shareholders of record on March 6. The stock will go ex-dividend on March 4. GPC Dividend Yield: 2.57%

Interpublic Group of Companies Inc (NYSE:IPG) put a new spin on its quarterly payment, raising its dividend 26.3% to 12 cents per share from 9.5 cents. The advertising and marketing firm will send the new payment on March 16 to shareholders of record as of March 2. IPG goes ex-dividend on Feb. 26.
IPG Dividend Yield: 2.15%

Lear Corporation (NYSE:LEA) supplies automotive seating and electrical components to car makers, and this week it supplied a 25% increase in its quarterly cash dividend to 25 cents per share from 20 cents. The more luxurious dividend seat will be available March 23 to shareholders of record as of March 4. LEA shares will be ex-dividend on March 2.
LEA Dividend Yield: 0.92%

Sherwin-Williams Co (NYSE:SHW) gave its dividend a fresh new coat, painting a 21.8% increase to 67 cents per share from 55 cents. The glossier dividend is payable March 13 to shareholders of record as of March 2. SHW becomes ex-dividend on Feb. 26.
SHW Dividend Yield: 0.93%

Vulcan Materials Company (NYSE:VMC) announced a big move in its quarterly dividend, boosting its payment 66.7% to 10 cents per share from 6 cents. The construction materials firm said its bolstered dividend is payable March 10 to shareholders of record as of Feb. 24. Shares go ex-dividend on Feb. 25.
VMC Dividend Yield: 0.49%

Xcel Energy Inc (NYSE:XEL) upped the ante on its quarterly payout by 6.7% to 32 cents per share from 30 cents. The electric power generation company will deliver the increased fiscal voltage on Apr. 20 to shareholders of record as of March 17. XEL shares will go ex-dividend March 13.
XEL Dividend Yield: 3.53%

As of this writing, Jim Woods was long KO.

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