Last week saw massive selling nearly across the board, as traders reacted fervently to an oil slick, with the price of a barrel of crude sliding to seven-year lows. The decline in oil prices and the risk-off reaction in stocks ahead of Wednesday’s Fed meeting clearly showed that markets remain nervous in front of the Federal Open Market Committee.
Despite the downbeat backdrop for the markets, there were fully a dozen big dividend stocks increasing payouts last week. Among the biggest were several pharmaceutical and healthcare giants, a large power generator and a major credit card issuer.
Here are 12 dividend stocks increasing payouts.
Abbott Labs (ABT) upped the dose on its fiscal drug by 8.3% to 26 cents per share from 24 cents. The diversified pharmaceutical and health products maker will deliver the bigger dividend on Feb. 16 to shareholders of record at the close of business on Jan. 15. Shares become ex-dividend on Jan. 13.
ABT Dividend Yield: 2.16%
ABM (ABM) added 3.1% to its dividend, to 16.5 cents per share from 16 cents. The increased payment by the building and facilities services firm will be available on Feb. 1 to shareholders of record as of Jan. 7. ABM goes ex-dividend on Jan. 5.
ABM Dividend Yield: 2.3%
AXIS Capital Holdings (AXS) moved to ensure its shareholders would be happy, upping its quarterly dividend 20.7% to 35 cents per share from 29 cents. The insurance and re-insurance provider will send its new payment Jan. 15 to the shareholders of record as of Dec. 31. AXS becomes ex-dividend on Dec. 29.
AXS Dividend Yield: 2.5%
Buckle (BKE) grabbed its dividend by the bootstraps and upped its payment by 8.7% to 25 cents per share from 23 cents. The retailer of contemporary teen-oriented fashions also authorized a $1 per share special cash dividend. Both the regular and the special dividend will be paid on Jan. 27 to shareholders of record as of Jan. 15. The BKE dividend will become out of fashion and ex-dividend on Jan. 13.
BKE Dividend Yield: 3.1%
Bristol-Myers Squibb (BMY) added a penny, or 2.7%, to its dividend. The pharmaceutical giant increased its payment to 38 cents per share from 37 cents, and will begin the bigger quarterly dividend on Feb. 1 to shareholders of record as of Jan. 4. BMY shares become ex-dividend on Dec. 30.
BMY Dividend Yield: 2.3%
Edison International (EIX) powered up its fiscal engine and added 15% to its quarterly payment to 48 cents per share from 41.75 cents. The West Coast electric power generator will make its new payment on Jan. 31 to shareholders of record as of Dec. 31. EIX will turn out the lights and become ex-dividend on Dec. 29.
EIX Dividend Yield: 2.8%
Eli Lilly & Company (LLY) is yet another big-pharma firm that upped its dividend dose last week. Eli Lilly’s new dividend is 1 cent bigger, or 2%, to 51 cents per share from 50 cents. The new payout will be available March 10 to shareholders of record as of Feb. 12. LLY shares go ex-dividend on Feb. 10.
LLY Dividend Yield: 2.4%
MasterCard (MA) issued an 18.8% fiscal dividend credit to shareholders to 19 cents per share from 16 cents. The new payment will show up on owners’ account statements on Feb. 9 to shareholders of record as of Jan. 8. MasterCard shares become ex-dividend on Jan. 6.
MA Dividend Yield: 0.8%
Morningstar (MORN) issued a new 15.8% higher dividend report on itself to 22 cents per share from 19 cents. The new payout by the investment data provider will be sent on Jan. 29 to shareholders of record as of Jan. 8. The new Morningstar payment will go ex-dividend on Jan. 6.
MORN Dividend Yield: 1.1%
Pentair (PNR) filtered through its fiscal data and rinsed out a 3.1% increase in its dividend to 33 cents per share from 32 cents. The industrial equipment maker for the water industry will let its new dividend flow on Feb. 12 to shareholders of record as of Jan. 29. PNR shares go ex-dividend on Jan. 27.
PNR Dividend Yield: 2.5%
Stryker Corporation (SYK) conducted a fiscal transplant of its quarterly dividend, adding 10.1% more to 38 cents per share from 34.5 cents. The orthopedic implant and health care device maker will replace its dividend on Jan. 29 to shareholders of record as of Dec. 31. SYK becomes ex-dividend on Dec. 29.
SYK Dividend Yield: 1.5%
W.P. Carey (WPC) added 1% to its quarterly dividend to 96.46 cents per share from 95.5 cents. The real estate finance and leasing REIT will send out it higher payment on Jan. 15 to shareholders of record as of Dec. 31. The trust’s shares go ex-dividend on Dec. 29
WPC Dividend Yield: 6.5%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.
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