Stocks took a pounding last week, with the major averages tumbling more than 3% due largely to heightened global growth fears. The selling didn’t spare many stocks, not even many of the markets stalwart dividend stocks.
And these are six dividend stocks increasing payouts:
Altria Group (MO) lit up a new 8.7% bigger dividend to 56.5 cents per share from 52 cents. The tobacco giant’s heftier payment will begin Oct. 9 to shareholders of record as of Sept. 15. MO shares go ex-dividend on Sept. 11.
MO Dividend Yield: 4.41%
Brinker International, Inc. (EAT) served up a much bigger plate of dividends, upping its payment 14.3% to 32 cents per share from 28 cents. The restaurant franchiser, whose brands include Chili’s Grill & Bar and Maggiano’s Little Italy, will make its new dividend payment Sept. 24 to shareholders of record as of Sept. 4. EAT shares go ex-dividend Sept. 2.
EAT Dividend Yield: 2.48%
Dillard’s, Inc. (DDS) restacked its dividend rack by a penny, or 16.7%, to 7 cents per share from 6 cents. The new dividend is payable Nov. 2 to shareholders of record as of Sept. 30. The retailer’s shares will go ex-dividend Sept. 28.
DDS Dividend Yield: 0.31%
ITC Holdings Corp. (ITC) turned up the power on its dividend by 15.4% to 18.75 cents per share from 16.25 cents. The electric power utility will turn on the lights of its new dividend on Sept. 15 to shareholders of record as of Sept. 1. ITC shares will become ex-dividend on Aug. 28.
ITC Dividend Yield: 2.17%
MGE Energy Inc. (MGEE) boosted its dividend 4.4% to 29.5 cents per share from 28.25 cents. The gas and electric utility will make its new dividend payment on Sept. 15 to shareholders of record as of Sept. 1. MGEE shares go ex-dividend Aug. 28.
MGEE Dividend Yield: 3.04%
Werner Enterprises (WERN) shipped a 20% larger load of dividends, up to 6 cents from 5 cents per share. The trucking and logistics firm will deliver its new dividend on Oct. 20 to shareholders of record as of Oct. 5. WERN shares will be ex-dividend on Oct. 1.
WERN Dividend Yield: 0.94%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities. You can view previous weeks’ lists of Dividend Stocks Increasing Payouts.