The heart of earnings season is here, and this quarter, the equity backdrop includes an onerous decline in the broad market.
With the major indices down significantly year to date, income investors are searching hard for any ray of light. Over the past two weeks, they received that light from these 10 dividend stocks increasing payouts.
The latest batch of payout performers includes a giant petroleum refiner, several big energy generators and an integrated circuit maker.
Here are 10 dividend stocks increasing payouts:
A. O. Smith Corp (AOS) warmed up its quarterly payment by 26.3% to 24 cents per share from 19 cents. The maker of residential and commercial water heaters will make its new dividend available on Feb. 16 to shareholders of record as of Feb. 5. AOS shares go ex-dividend on Feb. 3
AOS Dividend Yield: 1.4%
CenterPoint Energy, Inc. (CNP) powered up its dividend by 4% to 25.75 cents per share from 24.75 cents. The electric energy generator will make its new dividend payable March 10 to shareholders of record as of Feb. 16. CNP becomes ex-dividend on Feb. 11.
CNP Dividend Yield: 6%
Consolidated Edison, Inc. (ED) turned up the power on its quarterly payout by 3.1% to 67 cents per share from 65 cents. The power generation utility will make its new dividend available March 15 to shareholders of record as of Feb. 17. Shares of ED become ex-dividend on Feb. 12.
ED Dividend Yield: 3.9%
EPR Properties (EPR) increased its rent to shareholders by 5.8% to 32 cents per share from 30.25 cents. The commercial REIT will send out its new payment on Feb. 15 to shareholders of record as of Jan. 29. EPR shares went ex-dividend on Jan 27.
EPR Dividend Yield: 6.6%
Holly Energy Partners, L.P. (HEP) lifted its cash distribution 1.8% to 56.5 cents per unit from 55.5 cents. The petroleum transport and terminal services firm will send its new distribution on Feb. 12 to unitholders of record as of Feb. 2. HEP shares become ex-dividend on Jan. 29
HEP Dividend Yield: 9.3%
Linear Technology Corporation (LLTC) raised its quarterly payout by 6.7% to 32 cents per share from 30 cents. The integrated circuit maker will process its new dividend chip on Feb. 24 to shareholders of record as of Feb. 12. Linear shares goes ex-dividend Feb. 10.
LLTC Dividend Yield: 2.9%
MPLX LP (MPLX) pushed a higher distribution through its pipeline of 6.4% to 50 cents per unit from 47 cents. The oil and refined products pipeline operator will make its new distribution available on Feb. 12 to unitholders of record as of Feb. 4. MPLX units are ex-dividend on Feb. 2.
MPLX Dividend Yield: 7%
ONE Gas Inc (OGS) added 16.7% more fiscal gas to its quarterly payment to 35 cents per share from 30 cents. The natural gas distribution firm will deliver its new dividend March 11 to shareholders of record as of Feb. 26. OGS shares go ex-dividend on Feb. 24.
OGS Dividend Yield: 2.6%
Valero Energy Corporation (VLO) refined its dividend 20% higher to 60 cents per share from 50 cents. The petroleum refining giant will make its new, higher-grade fiscal blend available on March 3 to shareholders of record as of Feb. 9. Valero shares become ex-dividend on Feb. 5.
VLO Dividend Yield: 3.6%
Valero Energy Partners LP (VLP), the pass-through pipeline arm of Valero, also raised its payout to shareholders. The new distribution represents a 4.1% increase to 32 cents per share from 30.75 cents. The bigger payment will be sent on Feb. 11 to unitholders of record as of Feb. 4. VLP units are ex-dividend on Feb. 2.
VLP Dividend Yield: 2.9%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.