The first quarter now is officially in the books, and for dividend stocks increasing payouts, the pace was a bit disappointing.
According to ETFTrends.com, net dividend increases rose $12.6 billion in the first quarter. However, that figure was “down from the $17.9 billion increase during the first quarter of 2014. That dollar amount roughly equates to a 30% year-over-year slowdown in dividend increases,” according to information from S&P Dow Jones Indices.
Still, it wasn’t a bad quarter for dividend stocks increasing payouts. And, in the final days of Q1, as well as in the first couple of days of Q2, there were eight notable dividend stocks increasing payouts.
Ameriana Bancorp (NASDAQ:ASBI) moved to double its quarterly cash dividend, upping its payout to 4 cents per share from 2 cents. The bank holding company, which also owns insurance and financial services firms, will distribute its new dividend May 1 to shareholders of record as of April 10. ASBI shares become ex-dividend on April 8.
ASBI Dividend Yield: 0.94%
Bank of the Ozarks Inc (NASDAQ:OZRK) boosted its dividend by 3.8% to 13.5 cents per share from 13 cents. The regional bank holding company will send out the new dividend on Apr. 24 to shareholders of record as of April 17. The shares will go ex-dividend on Apr. 15.
OZRK Dividend Yield: 1.45%
Mosaic Co (NYSE:MOS) increased its quarterly payment by 10% to 27.5 cents per share from 25 cents. The fertilizer and potash maker’s increase will be effective with the next dividend declaration, which is expected in May. No official dates were provided.
MOS Dividend Yield: 2.40%
Movado Group, Inc (NYSE:MOV) set the time higher on its quarterly payment by 10% to 11 cents per share from 10 cents. The watch and jewelry maker’s shinier new dividend will arrive in shareholder accounts April 24 to owners of record as of April 10. MOV shares go ex-dividend on April 8.
MOV Dividend Yield: 1.40%
Steelcase Inc. (NYSE:SCS) refurbished its dividend by 2.27% to 11.25 cents per share from 11 cents. The office and interior furniture component maker will pay its new dividend available to shareholders on April 15 to owners of record as of April 6. SCS went ex-dividend on April 1.
SCS Dividend Yield: 2.37%
Tanger Factory Outlet Centers Inc. (NYSE:SKT) increased the rent it pays to shareholders by 18.8% to 28.5 cents per share from 24 cents. The shopping center REIT’s new dividend is payable May 15 to shareholders of record as of April 30. SKT shares go ex-dividend on April 28.
SKT Dividend Yield: 3.19%
TJX Companies Inc (NYSE:TJX) increased the pricing on the dividend it pays to shareholders by 20% to 21 cents per share from 17.5 cents. The discount retailer’s new price tag for shareholders will begin on June 4 to owners of record as of May 14. The stock will become ex-dividend on May 12.
TJX Dividend Yield: 1.21%
UDR, Inc. (NYSE:UDR) is a residential REIT based in Colorado, and this week it gave owners a rocky mountain high dividend increase of 6.73% to 27.75 cents per share from 26 cents. The new dividend will be paid on April 30 to shareholders of record as of April 16. UDR goes ex-dividend on April 14.
UDR Dividend Yield: 3.25%
You can check out more dividend stocks increasing payouts here.
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.