Royal Bank of Canada Tops 8 Dividend Stocks Increasing Payouts


Last week’s raucous bout of wild market volatility was all most investors could really concentrate on. Yet despite the tumult in markets, there were still plenty of big-name dividend stocks reporting earnings and announcing that they were increasing payouts.

dividend-stocksThis week, two Canadian financial institutions were among the batch of dividend stocks increasing payouts. There were also a handful of homegrown U.S. companies that moved to increase their respective dividends, including a timber giant, a communications stalwart and a big shipping firm.

Here are eight dividend stocks increasing payouts.

American Financial Group (AFG) moved to increase the premium paid to shareholders by 12% to 28 cents per share from 25 cents. The property and casualty insurance provider will begin paying its new dividend October, although no official payment, record or ex-dividend dates were provided.
AFG Dividend Yield: 1.61%

Canadian Imperial Bank (CM) unlocked its vault and let shareholders have an additional 2.8% dividend, to $1.12 per share from $1.09. The Canadian money center bank will makes its new dividend payable Oct. 28 to shareholders of record on Sept. 28. CM shares become ex-dividend on Sept. 24.
CM Dividend Yield: 6.14%

Harris Corporation (HRS) boosted the signal on its quarterly payment 6.4% to 50 cents per share from 47 cents. The communications and information technology company will make its new dividend payable Sept. 24 to shareholders of record as of Sept. 11. HRS shares go ex-dividend Sept. 9.
HRS Dividend Yield: 2.58%

Royal Bank of Canada (RY) served up a big dose of dividends, increasing its payment to shareholders by 2.5% to 79 cents per share from 77 cents. The Canadian banking giant’s new dividend is slated for payment on Nov. 24 to shareholders of record as of Oct. 26. RY shares become ex-dividend Oct. 22.
RY Dividend Yield: 4.29%

Ship Finance International (SFL) allowed its dividend to set sail by 2.3% to 44 cents per share from 43 cents. The owner of shipping and cargo vessels said its new dividend would arrive in investors’ ports by Sept. 30 to owners of record as of Sept. 14. SFL goes ex-dividend on Sept. 10.
SFL Dividend Yield: 10.52%

Solera Holdings (SLH) processed a new fiscal claim for shareholders, announcing a 15.4% increase in its quarterly payout to 22.5 cents per share from 19.5 cents. The auto insurance claims processor send its new dividend out Sept. 22 to shareholders of record as of Sept. 8. SLH will become ex-dividend on Sept. 3.
SLH Dividend Yield: 1.89%

Westlake Chemical (WLK) went into its fiscal lab and came out with a dividend formula for shareholders that was 12% bigger. The specialty chemical firm’s new dividend of 18.15 cents per share vs. the prior 16.15 cents is payable Sept. 22 to shareholders of record as of Sept. 4. WLK shares will be ex-dividend on Sept. 2.
WLK Dividend Yield: 1.33%

Weyerhaeuser Company (WY) announced a new 6.9% bigger harvest for shareholders to 31 cents per share from 29 cents. The timber and wood production giant will make its new dividend payable on Sept. 25 to shareholders of record as of Sept. 11. WY shares will be ex-dividend on Sept. 9.
WY Dividend Yield: 4.39%.

As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.

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