Last week’s equity market action was dominated by the Fed’s announcement on interest rates; good Q2 GDP data, and a downbeat wage growth number. The somewhat mixed backdrop of data didn’t stop stocks from enjoying a solid week of gains. It also didn’t stop many big dividend stocks from increasing shareholder payouts.
Here are eight dividend stocks increasing payouts.
American National Insurance (ANAT) wrote a new dividend policy to shareholders, boosting its payment 3.9% to 80 cents per share from 77 cents. The diversified insurance firm will pay the new dividend Sept. 18 to shareholders of record as of Sept. 4. Shares will become ex-dividend on Sept. 2.
ANAT Dividend Yield: 2.97%
CBOE Holdings (CBOE) traded up for a better dividend, increasing its payout from 21 cents per share to 23 cents. The exchange operator’s new payment will be made Sept. 18 to shareholders of record as of Sept. 4. CBOE shares are ex-dividend on Sept. 2.
CBOE Dividend Yield: 1.48%
Comfort Systems USA, Inc. (FIX) made shareholders more comfortable with an 8.3% cooler dividend to 6.5 cents per share from 6 cents. The provider of heating, ventilation and air conditioning services will turn on the new dividend Aug. 25 to shareholders of record as of Aug. 14. FIX becomes ex-dividend Aug. 12.
FIX Dividend Yield: 0.94%
Hartford Financial Services (HIG) provides property and casualty insurance policies, and last week the company said it would pay a 16.7%-higher dividend premium, upping the payout to 21 cents per share from 18 cents. The new dividend is payable Oct. 1 to shareholders of record as of Sept. 1. Shares go ex-dividend on Aug. 28.
HIG Dividend Yield: 1.77%
Papa John’s Int’l, Inc. (PZZA) cooked up a 25% bigger dividend pie to 17.5 cents per share from 14 cents. The pizza and fast-food chain will deliver its new payment Aug. 21 to shareholders of record as of Aug. 11. PZZA shares go ex-dividend on Aug. 7.
PZZA Dividend Yield: 0.93%
ResMed Inc. (RMD) woke up its dividend payment, adding 7.1% to 30 cents per share from 28 cents. The medical device maker, which specializes in sleep disorder therapies, will make its new dividend payable Sept. 17 to shareholders of record as of Aug. 20. RMD shares will go ex-dividend on Aug. 18.
RMD Dividend Yield: 2.07%
Reynolds American (RAI) announced a 2-for-1 stock split, effective Aug. 31 to shareholders of record as of Aug. 17. The company also announced a 7.5% increase its dividend, coming to 36 cents after the split, up from a split-adjusted 33.5 presently. The tobacco giant will make its new dividend payable Oct. 1 to shareholders of record as of Sept. 10. The ex-dividend date is Sept. 8. RAI has the highest dividend yield among this week’s list of dividend stocks.
RAI Dividend Yield: 3.34%
Suffolk Bancorp (SUBK), parent company of Suffolk County National Bank, increased its dividend 66.7% to 10 cents per share from 6 cents. The new dividend is payable Aug. 26 to shareholders of record as of Aug. 12. The regional bank’s shares will become ex-dividend on Aug. 10. SUBK has the biggest hike among this week’s list of dividend stocks.
SUBK Dividend Yield: 1.39%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.