The Greek bailout drama and the China market meltdown now seem like a lifetime ago, and investors have returned to eying the start of earnings season to see if companies can keep the recent rally going.
Income investors also are looking for more light, and they got just that last week with 10 big-name dividend stocks increasing payouts. Last week’s group was led by big energy, the biggest cruise ship line and a diesel engine maker.
Here are 10 dividend stocks increasing payouts.
Bassett Furniture Industries (BSET) redecorated its dividend by a penny, or 12.5%, to 9 cents per share from 8 cents. The furniture and fixture firm will pay the new dividend Aug. 28 to shareholders of record as of Aug. 14. BSET goes ex-dividend on Aug. 12.
BSET Dividend Yield: 0.95%
Carnival Corporation (CCL) mapped a more lucrative course for its shareholders, sending its dividend on a cruise 20% higher to 30 cents per share — up from 25 cents. The new dividend will arrive on owners’ docks on Sept. 11 to shareholders of record as of Aug. 21. CCL shares go ex-dividend on Aug. 19.
CCL Dividend Yield: 2.30%
ConocoPhillips (COP) energized its dividend, boosting the fuel on its payout 1.4% to 74 cents per share from 73. The oil and natural gas giant will make its new dividend available on Sept. 1 to shareholders of record as of July 27. COP shares become ex-dividend July 23.
COP Dividend Yield: 5.24%
Cummins Inc. (CMI) fired up its dividend engine and added 25% more fiscal horsepower to shareholders with 97.5 cents per share dividend from 78 cents. The diesel engine maker’s new dividend is payable on Sept. 1 to shareholders of record as of Aug. 21. CMI shares will become ex-dividend on Aug. 19. CMI stock has the biggest bump among this week’s dividend stocks increasing payouts.
CMI Dividend Yield: 3.02%
Education Realty Trust (EDR) increased the rent it pays shareholders by 2.8% to 37 cents per share from 36 cents. The student housing REITs’ new payment will be sent on Aug. 14 to shareholders of record as of July 31. EDR shares will go ex-dividend on July 29.
EDR Dividend Yield: 4.49%
HealthSouth Corporation (HLS) rehabbed its dividend by 9.5% to 23 cents per share from 21 cents. The hospital and rehabilitation center operator will discharge its new dividend on Oct. 15 to shareholders of record as of Oct. 1. The stock will go ex-dividend on Sept. 29.
HLS Dividend Yield: 2.02%
Kinder Morgan, Inc. (KMI) pumped more fiscal energy through its pipeline, increasing its dividend by 2.1% to 49 cents per share from 48 cents. The transportation and energy storage giant will make its new payment available Aug. 14 to shareholders of record as of July 31. KMI shares become ex-dividend on July 29. KMI stock has the highest yield among this week’s dividend stocks.
KMI Dividend Yield: 5.39%
KLA-Tencor (KLAC) increased the processing power it sends to shareholders by 4% to 52 cents per share from 50 cents. The semiconductor and nanoelectronics maker will declare its new dividend and ex-dividend date sometime next month.
KLAC Dividend Yield: 3.84%
Penske Automotive Group (PAG) increased the rental rates it pays shareholders by 4.3% to 24 cents per share from 23 cents. The transportation, auto retailer and truck rental firm will park its new dividend in owners’ garages on Sept. 1 to shareholders of record as of Aug. 10. Penske shares will become ex-dividend on Aug. 6.
PAG Dividend Yield: 1.81%.
West Pharmaceutical Services (WST) increased the dosage on its quarterly dividend by 9.1% to 12 cents per share from 11 cents. The manufacturer of components and systems for injectable drug delivery will inject the new dividend into owners’ accounts on Nov. 4 to shareholders of record as of Oct. 21. WST goes ex-dividend on Oct. 19.
WST Dividend Yield: 0.79%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.