The big news last week was the Federal Reserve and its decision not to hike interest rates.
While the lack of clarity over when the Fed may actually raise interest rates has kept many dividend stocks from staging a rally, the Fed-induced uncertainty didn’t stop some of the biggest dividend stocks out there from increasing payouts last week.
Among the most prominent dividend stocks increasing payouts were Big Software, Big Tobacco and Big Semiconductors.
Here are seven dividend stocks increasing payouts.
Horizon Bancorp (HBNC) upped its dividend 7.1% to 15 cents per share from 14 cents. The Northeast regional bank firm will send out the new dividend on Oct. 16 to shareholders of record as of Oct. 2. HBNC shares will go ex-dividend on Sept. 30.
HBNC Dividend Yield: 2.39%
IDACORP, Inc. (IDA) sent a surge of dividend electricity to its shareholders, boosting the voltage on its payout by 8.5% to 51 cents per share from 47 cents. The power generation firm did not release payment dates or ex-dividend dates in its dividend announcement.
IDA Dividend Yield: 3.05%
Lionsgate (LGF) gave shareholders something to roar about, as the film and TV distribution firm increased its dividend by 28.6%, or two pennies, to 9 cents per share from 7 cents. The much bigger payment will be made Nov. 10 to shareholders of record as of Sept. 30. LGF goes ex-dividend Sept. 28.
LGF Dividend Yield: 0.92%
Microsoft (MSFT) issued the latest version of its dividend operating system complete with an increased payment of 16.1% to 36 cents per share from 31 cents. The software giant’s new dividend is payable Dec. 10 to shareholders of record as of Nov. 19. Mister Softee’s stock becomes ex-dividend on Nov. 17.
MSFT Dividend Yield: 3.27%
Philip Morris International (PM) lit up a 2% increase in its quarterly payout to $1.02 per share from $1.00. The tobacco giant’s new dividend is payable on Oct. 14 to shareholders of record as of Sept. 30. PM shares will become ex-dividend on Sept. 28.
PM Dividend Yield: 4.97%
Pinnacle Foods Inc. (PF) approved an 8.5% increase in its quarterly dividend to 25.5 cents per share form 23.5 cents. The frozen and packaged food behemoth will stock shareholders’ pantries with the bigger payment on Oct. 9 to owners of record as of Sept. 28. PF shares will be ex-dividend on Sept. 24.
PF Dividend Yield: 2.23%
Texas Instruments (TXN) increased the dividend power it processes by 11.8% to 38 cents from 34 cents. The technology components maker will make its new dividend payable Nov. 16 to shareholders of record as of Oct. 30. TXN shares are ex-dividend on Oct. 28.
TXN Dividend Yield: 3.22%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.