Earnings season is now official underway, and though the bulk of the season has yet to get begin in earnest, last week we did see several significant third-quarter releases. Last week we also saw a significant number of high-profile dividend stocks increasing payouts.
Last week’s batch of dividend stocks increasing payouts include a big power generator, several natural gas partnerships, an iconic tire brand and a tasty restaurant operator.
Here are nine dividend stocks increasing payouts.
Ameren Corporation (AEE) turned up the electricity on its quarterly payout by 3.7% to 42.5 cents per share from 41 cents. The power generation firm’s new payment will be sent Dec. 31 to shareholders of record as of Dec. 9. Ameren shares become ex-dividend on Dec. 7.
AEE Dividend Yield: 3.90%
Genesis Energy (GEL) increased its quarterly distribution 2.4% to 64 cents per unit from 62.5 cents. The oil and gas pipeline operator will deliver its bigger distribution on Nov. 13 to unit holders of record as of Oct. 30. GEL will become ex-dividend on Oct. 28.
GEL Dividend Yield: 6.27%
Goodyear Tire & Rubber Company (GT) put on a fresh set of dividend rubber paid to shareholders amounting to a 16.7% increased payment, or a penny, to 7 cents per share from 6 cents. The iconic tire company’s new set of fiscal wheels will be mounted to shareholders’ accounts on Dec. 1 to owners of record as of Nov. 2. GT becomes ex-dividend on Oct. 29.
GT Dividend Yield: 0.87%
Northwest Natural Gas (NWN) moved the needle up on its quarterly dividend by 0.5% to 46.75 cents per share from 46.5%. The natural gas utility firm will make its new dividend payable Nov. 13 to shareholders of record as of Oct. 30. NWN shares will become ex-dividend on Oct. 28.
NWN Dividend Yield: 3.93%
PolyOne Corporation (POL) went into its fiscal laboratory and came out with a 20% higher dividend to 12 cents per share from 10 cents. The specialty chemical and polymer maker said its new payment will be available Jan. 7 to shareholders of record as of Dec. 18. POL becomes ex-dividend Dec. 16.
POL Dividend Yield: 1.40%
RPM International (RPM) slapped a new, thicker fiscal coat on its dividend of 5.8% to 27.5 cents per share from 26 cents. The specialty sealing and coating maker will apply the new dividend on Oct. 30 to shareholders of record as of Oct. 19. RPM shares will cure into ex-dividend status on Oct. 15.
RPM Dividend Yield: 2.50%
Tallgrass Energy Partners (TEP) increased the flow of its fiscal pipeline by 3.5% to 60 cents per unit from 58 cents. The natural gas transportation firm will pay its bigger distribution on Nov. 13 to unitholders of record as of Oct. 30. Tallgrass Energy will go ex-dividend on Oct. 28.
TEP Dividend Yield: 5.50%
Tallgrass Energy GP, LP (TEGP), the Tallgrass Energy general partner, also increased its distribution, this time by 8.3% to 14.4 cents per unit from 13.3 cents. Like TEP, the firm will pay its bigger distribution on Nov. 13 to unit holders of record as of Oct. 30, with the ex-dividend data also on Oct. 28.
TEGP Dividend Yield: 2.30%
Yum Brands (YUM) served up a 12.2% bigger dividend portion to 46 cents per share from 41 cents. The operator of KFC, Pizza Hut and Taco Bell restaurants saw its share price sink nearly 19% the day after announcing earnings and reducing its full-year forecast. The company cited weakness in China for the adjusted forecast. Still, Yum Brands sold enough tasty food to add to shareholder accounts. The bigger dividend is payable Nov. 6 to shareholders of record as of Oct. 16. The stock goes ex-dividend on Oct. 14.
YUM Dividend Yield: 2.60%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.
