Stabilizing oil prices, strength in the technology sector and optimism for more global stimulus helped push the market higher last week, bringing the S&P 500 to its highest level in over a month. Many dividend stocks also rewarded shareholders with higher payouts this week.
Here, we’ll look at 10 dividend stocks increasing payouts over the past week:
B&G Foods, Inc. (BGS) boosted its quarterly dividend by 20% to 42 cents per share from 35 cents. The packaged food producer will send its dividends out on May 2 to shareholders of record as of March 31. BGS shares trade ex-dividend on March 29.
BGS Dividend Yield: 4.75%
CyrusOne Inc (CONE) raised its quarterly dividend from 31 cents per share to 38 cents, representing a juicy 21% increase. Shareholders of record as of March 25 will receive higher dividends from the data center operator on April 15. CONE shares become ex-dividend on March 22.
CONE Dividend Yield: 3.83%
Danaher Corporation (DHR) announced a chunky 19% increase to its quarterly dividend, sending its payment up from 13 cents per share to 16 cents. Shareholders of record as of Mar. 25 will receive dividends from the diversified manufacturer of industrial and medical products on April 29. DHR shares will trade ex-dividend on March 22.
DHR Dividend Yield: 0.73%
Dick’s Sporting Goods Inc (DKS) increased its quarterly dividend by 10% to 15 cents per share from 14 cents. Shareholders of record as of March 11 will receive dividends from the major retailer of sporting goods on March 31. The company’s shares go ex-dividend on March 9.
DKS Dividend Yield: 1.40%
GameStop Corp. (GME) sent its quarterly dividend higher by a penny, raising it by 3% from 36 cents per share to 37 cents. The popular video game retailer will pay its higher dividend to shareholders of record as of March 8 on March 22. GME shares trade ex-dividend on March 4.
GME Dividend Yield: 4.87%
Home Depot Inc (HD) announced a hefty 17% raise to its quarterly dividend, bringing its payout up from 59 cents per share to 69 cents. The massive home improvement retailer is not yet a member of the dividend aristocrats list, but it has paid uninterrupted dividends for over 25 years. The company will send its higher dividends out on March 24 to shareholders of record as of March 10. HD shares will trade ex-dividend on March 8.
HD Dividend Yield: 2.20%
Macquarie Infrastructure Corp (MIC) tacked on 2 cents per share to its quarterly dividend, raising it by 1.7% to $1.15 per share from $1.13. Shareholders of record as of March 3 will receive dividends from the infrastructure giant on March 8. MIC shares become ex-dividend on March 1.
MIC Dividend Yield: 7.56%
Old Republic International Corporation (ORI) rewarded shareholders with a modest 1% boost to its quarterly dividend, increasing it from 18.5 cents per share to 18.75 cents. Shareholders of record as of March 4 will receive their higher dividends on March 15 from the large commercial insurer. The company’s shares will be ex-dividend on March 2.
ORI Dividend Yield: 4.19%
Southwest Gas Corporation (SWX) grew its quarterly dividend from 40 cents per share to 45 cents per share, representing a raise of 11%. The natural gas pipeline operator will pay out its higher dividends to shareholders of record as of May 16 on June 1. SWX shares will trade ex-dividend on May 12.
SWX Dividend Yield: 2.95%
Texas Roadhouse Inc (TXRH) served up a 12% dividend increase, raising its quarterly dividend to 19 cents per share from 17 cents. The steak restaurant chain will pay shareholders of record as of March 16 on April 1. The stock’s shares trade ex-dividend on March 14.
TXRH Dividend Yield: 1.80%
As of this writing, Simply Safe Dividends did not hold a position in any of the aforementioned securities.
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