The past four weeks have been very good to stocks, which is particularly encouraging for the bulls after the rancid start to 2016.
Last week, the parade continued with several huge companies increasing payouts and adding to their respective dividend yield, including a massive consumer products maker and one of the largest food producers in the world.
Here are seven dividend stocks increasing payouts.
Alexandria Real Estate Equities (ARE) increased the vitality of its quarterly payment by 3.9% to 80 cents per share from 77 cents. The life sciences REIT will begin its new, healthier payout on April 15 to shareholders of record as of March 31. ARE shares will become ex-dividend on March 29.
ARE Dividend Yield: 3.75%
Colgate-Palmolive (CL) added a penny more flavor, or 2.6%, to its dividend paste to 39 cents per share from 38 cents. The leading consumer products maker will put its new dividend in shareholder medicine cabinets on May 16 to owners of record as of April 22. The stock becomes ex-dividend on April 20.
CL Dividend Yield: 2.28%
Dollar General (DG) added 13.6% more dollars to its quarterly payment to 25 cents per share from 22 cents. The discount variety retailer will make its new dividend payable on April 12 to shareholders of record as of March 29. DG shares will officially be ex-dividend on March 24.
DG Dividend Yield: 1.18%
General Mills (GIS) served up a 4.5% bigger helping of quarterly dividends to 46 cents per share from 44 cents. The consumer and packaged foods giant will box its bigger dividend cereal box on May 2 to shareholders of record as of April 11. The shares will become ex-dividend on April 7.
GIS Dividend Yield: 3.01%
Piedmont Natural Gas (PNY) announced it will distribute a 3% bigger dividend to shareholders to 34 cents per share from 33 cents. The natural gas distributor will send its new dividend on April 15 to shareholders of record as of March 25. Piedmont shares will become ex-dividend on March 22.
PNY Dividend Yield: 2.28%
SpartanNash Co. (SPTN) restocked shareholder shelves with an 11.1% bigger dividend to 15 cents per share from 13.5 cents. The retail supermarket and discount drug retailer said it would make the new dividend payable March 31 to shareholders of record as of March 21. Spartan shares will go ex-dividend on March 17.
SPTN Dividend Yield: 2.04%
Vail Resorts (MTN) gave back a bigger bonus to shareholders of 30% to 81 cents per share from 62.25 cents. The resort management and real estate firm announced that its new dividend will be ready for occupation on April 13 to shareholders of record as of March 29. MTN shares will become ex-dividend on March 24.
MTN Dividend Yield: 2.47%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.