Stocks were smacked down early last week thanks to China’s surprise yuan devaluation. Yet, in a testament to the resilience of this bull market, stocks largely brushed off the Chinese scare and managed to trade largely to the upside by week’s end.
Last week, the eight dividend stocks increasing payouts include an electronic-instruments distributor, several industrial equipment manufacturers, an auto retailer and a funeral services firm:
Avnet, Inc. (AVT) increased the power of its dividend by 6.25% to 17 cents from 16 cents per share. Avnet will allocate the new payment on Sept. 18 to shareholders of record as of Sept. 9. Avnet stock becomes ex-dividend on Sept. 4.
AVT Dividend Yield: 1.59%
Badger Meter, Inc. (BMI) increased the fiscal flow in its quarterly payment by 5.3% to 20 cents per share from BMI’s previous 19 cent payout. The new dividend is payable Sept. 15 to shareholders of record as of Aug. 31. Shares of the high-tech instrument maker will go ex-dividend on Aug. 27.
BMI Dividend Yield: 1.31%
Briggs & Stratton (BGG) pumped up its dividend engine by 8%, jumping to 13.5 cents from a previous 12.5 cents a share. The diversified machinery maker and air-cooled engine provider will deliver the new payment Sept. 30 to shareholders of record as of Sept. 17. BGG shares will be ex-dividend on Sept. 15.
BGG Dividend Yield: 2.7%
G&K Services (GK) threw on a 19.4% nicer fiscal uniform to shareholders, upping its dividend to 37 cents per share from 31 cents. The branded uniform and facility services firm will pay the new dividend Sept. 25 to shareholders of record as of Sept. 10. GK stock will go ex-dividend on Sept. 8.
GK Dividend Yield: 2.08%
Group 1 Automotive (GPI) made a deal on a new dividend, boosting its payment 5% to 21 cents per share from 20 cents. The auto dealership, parts and services firm will drive in the new dividend Sept. 5 to shareholders of record as of Sept. 1. GPI goes ex-dividend on Aug. 28.
GPI Dividend Yield: 0.91%
Healthcare Trust of America (HTA) moved to make shareholders 1.7% healthier with a new payment of 29.5 cents per share from 29 cents. The diversified real estate investment trust will make its new dividend payable Oct. 5 to shareholders of record as of Sept. 28. The shares will become ex-dividend Sept. 24.
HTA Dividend Yield: 4.63%
Nordson Corp (NDSN) dispensed a 9.1% stronger fiscal adhesive of 24 cents per share vs. the prior 22 cents. The dispensing equipment and industrial products manufacturer will pay the new dividend Sept. 8 to shareholders of record as of Aug. 25. NDSN will go ex-dividend on Aug. 21.
NDSN Dividend Yield: 1.3%
Service Corporation International (SCI) brought out a 20% bigger dividend, raising it to 12 cents from the previous 10 cents a share. The death care and funeral services provider will pay its new dividend on Sept. 30 to shareholders of record as of Sept. 15. SCI stock will become ex-dividend on Sept. 11.
SCI Dividend Yield: 1.52%
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.
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