Stocks were basically flat during the holiday-shortened week, as low trading volumes characterized a slow week on Wall Street. Yet the lack of any serious action in markets didn’t stop a handful of big dividend stocks from increasing payouts.
Here are six dividend stocks increasing payouts.
Becton Dickinson (BDX) increased the health of its quarterly dividend by 10% to 66 cents per share from 60 cents. The medical instrument and supply maker will send its higher dose of dividends out on Dec. 31 to shareholders of record as of Dec. 10. BDX shares become ex-dividend on Dec. 8.
BDX Dividend Yield: 1.74%
Capital City Bank Group (CCBG) added another penny, or 33.3%, to its quarterly dividend to 4 cents per share. The regional bank that operates near the Florida-Georgia line will send its higher dividend out on Dec. 21 to shareholders of record as of Dec. 7. The stock will go ex-dividend on Dec. 3.
CCBG Dividend Yield: 1.01%
Hormel Foods (HRL) served up a 16% bigger plate of dividends to 29 cents per share from a split-adjusted 25 cents. The food and meat products maker will send it fiscal food to shareholders on Feb. 16 to shareholders of record as of Jan. 19. Hormel shares will go ex-dividend on Jan. 14.
HRL Dividend Yield: 1.55%
Laclede Group (LG) turned up the temperature on its quarterly dividend payment by 6.5% to 49 cents per share from 46 cents. The natural gas utility firm will make its new dividend payable on Jan. 5 to shareholders of record as of Dec. 11. LG becomes ex-dividend Dec. 9.
LG Dividend Yield: 3.34%
McCormick & Co. (MKC) added 7.5% more fiscal spice to shareholders with an enhanced dividend to 43 cents per share from 40 cents. The food spices, seasoning and condiments maker will make its new dividend payable Jan. 15 to shareholders of record as of Dec. 31. MKC shares will go ex-dividend on Dec. 29.
MKC Dividend Yield: 2.00%
Valspar Corp (VAL) put a new coat its dividend with an increase to 33 cents per share from 30 cents. The paint and coating maker’s new dividend will be paid Dec. 16 to shareholders of record as of Dec. 7. VAL shares will be ex-dividend on Dec. 3.
VAL Dividend Yield: 1.57%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.
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