The markets were relatively quiet this week, as traders digested Fed Chair Janet Yellen’s Humphrey-Hawkins testimony, CPI data and revised GDP figures. And while trading was rather sleepy, the number of high-profile dividend stocks increasing payouts was anything but somnambulant.
Leading this week’s pack of dividend stocks increasing payouts is home improvement retailer and Dow component Home Depot Inc (NYSE:HD). The retailer renovated its cash payment to shareholders by 25.5%, from 47 cents per share to 59 cents. The dividend is payable on March 26 to shareholders of record as March 12. HD shares will become ex-dividend on March 10. For Home Depot shareholders, the dividend yield now is 2.05%.
In addition to Home Depot, there were 14 other dividend stocks increasing payouts this week, including a cable giant, three of America’s well-known retailers and one very big energy producer. Let’s take a look at each of this week’s dividend stock stars.
Albemarle Corporation (NYES:ALB) went into its fiscal lab and came out with a 5.5% higher dividend, increasing from 27.5 cents to 29 cents per share. The specialty chemical company will send the new payout formula on April 1 to shareholders of record as of March 16. The stock becomes ex-dividend on March 12.
ALB Dividend Yield: 2.05%
Chubb Corp (NYSE:CB) wrote a new policy to shareholders that offered a 14% boost in its quarterly dividend. The property and casualty insurance firm’s new dividend of 57 cents per share — an increase from 50 cents — is payable April 1 to shareholders of record on March 13. CB shares go ex-dividend on March 11.
CB Dividend Yield: 2.26%.
Comcast Corporation (NASDAQ:CMCSA) boosted its dividend signal by 11.1%, from 22.5 cents to 25 cents per share. The cable giant’s new fiscal programming will begin April 22 to shareholders of record as of April 1. The stock will become ex-dividend on March 30.
CMCSA Dividend Yield: 1.69%
Danaher Corporation (NSYE:DHR) added a new fiscal device to shareholders with a 35% increase in dividend, from 10 cents to 13.5 cents per share. The medical and industrial device maker’s dividend is payable April 24 to shareholders of record as of March 27. DHR shares will go ex-dividend on March 25.
DHR Dividend Yield: 0.62%
Dicks Sporting Goods Inc (NYSE:DKS) restocked shareholder shelves with some new fiscal equipment, raising its dividend a sporting 10% from 12.5 cents to 13.75 cents per share. The sporting goods seller’s new payment will be available on March 31 to shareholders of record as of March 13. Owners will have to be on record by March 11 if they want to participate in the higher payout.
DKS Dividend Yield: 1.02%
Domtar Corp (USA) (NYSE:UFS) is the maker of specialty paper, pulp and fluff products, and this week it fluffed up its dividend by 6.7%, from 37.5 cents to 40 cents per share. The new payment is slated for April 15 to shareholders of record as of April 2. The stock will become ex-dividend on March 31.
UFS Dividend Yield: 3.51%
Eaton Corp plc (NYSE:ETN) increased the power on its quarterly payment by 12.2%, from 49 cents to 55 cents per share. The electric systems component manufacturer will make the new dividend available on March 20 to shareholders of record as of March 9. ETN becomes ex-dividend on March 5.
ETN Dividend Yield: 3.10%
Essex Property Trust Inc (NYSE:ESS) announced a new payment to shareholders that is 10.8% higher than the prior quarter. The new dividend of $1.44 is an increase from $1.30 per share during the prior quarter. The residential REIT will send the new payment to owners on April 15 to shareholders of record as of March 31. ESS will become ex-dividend on March 27.
ESS Dividend Yield: 2.60%
Gap Inc (NYSE:GPS) moved to make its dividend more fashionable, increasing its payment to shareholders by a penny to 23 cents per share, or 4.6%. The retailer’s new dividend is going to hit shelves on April 29 for shareholders of record as of April 8. The stock will become ex-dividend on April 6.
GPS Dividend Yield: 2.21%
Kohl’s Corporation (NYSE:KSS) is another major fashion-oriented retailer upping its payout this week. The company announced a new quarterly cash dividend of 45 cents per share from 39 cents — a 15.4% increase. The dividend is payable March 25 to shareholders of record as of March 11. KSS becomes ex-dividend on March 9.
KSS Dividend Yield: 2.43%
Prologis Inc (NYSE:PLD) approved a plan to raise the company’s quarterly dividend 9.1%, from 33 cents to 36 cents per share. The industrial REIT will increase the rent it pays to shareholders on March 31 to owners of record as of March 18. PLD will become ex-dividend on March 16.
PLD Dividend Yield: 3.37%
Sempra Energy (NYSE:SRE) is the huge power generation firm in states such as California and Nevada, and this week it increased the voltage on its quarterly dividend by 6.1%, from 66 cents to 70 cents per share. The new dividend is payable April 15 to shareholders of record as of March 27. The stock will become ex-dividend on March 25.
SRE Dividend Yield: 2.58%
St. Jude Medical, Inc. (NSYE:STJ) is the maker of cardiovascular and implantable neuro-stimulation medical devices, and this week it jump-started the heart of its payment to shareholders by 7.4%, from 27 cents to 29 cents per share. The more robust dividend is payable April 30 to shareholders of record as of March 31. STJ shares will become ex-dividend on March 27.
STJ Dividend Yield: 1.74%
Toronto-Dominion Bank (NYSE:TD) lifted its quarterly payout to shareholders by 8.5%, from 47 cents to 51 cents per share. The Canadian-based banking and brokerage giant said the new dividend would be sent April 30 to shareholders of record as of April 7. TD shares will go ex-dividend on April 2.
TD Dividend Yield: 4.62%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.