Stocks finally took a little breather from their recent month-plus sprint higher, as the major averages gave back some value during the holiday-shortened week. The pullback was likely long overdue, but the selling backdrop didn’t stop another batch of strong dividend stocks from increasing payouts and adding to their respective dividend yields.
Here are six dividend stocks increasing payouts.
Air Products & Chemicals, Inc. (APD) turned up the power on its quarterly payout by 6.2% to 86 cents per share from 81 cents. The specialty gasses provider will inflate its dividend on May 9 to shareholders of record as of April 1. APD shares will become ex-dividend on March 30.
APD Dividend Yield: 2.29%
Columbia Pipeline Group Inc (CPGX) sent a new 3.9% bigger dividend through its fiscal pipes to 13.38 cents per share from 12.88 cents. The pipeline operator’s new dividend payment will arrive May 20 to shareholders of record as of April 29. The shares will become ex-dividend on April 27.
CPGX Dividend Yield: 2.14%
Realty Income Corp (O), the diversified “monthly income” REIT has upped its dividend by 0.3% to 19.90 cents per share from 19.85 cents. The new dividend is payable on April 15 to shareholders of record as of April 1. O shares will become ex-dividend date on March 30.
O Dividend Yield: 3.89%
Sealed Air Corp (SEE) unsealed its fiscal books and opened up a 23% increase in the company’s quarterly cash dividend. The new payment of 16 cents per share from 13 cents will be made on June 17 to shareholders of record as of June 3. The stock goes ex-dividend June 1.
SEE Dividend Yield: 1.35%
UDR, Inc. (UDR) is a multifamily real estate investment trust, and it just added 6.3% more rent to its shareholder family to 29.5 cents per share from 27.75 cents. The diversified apartment REIT will send the new payout May 2 to shareholders of record as of April 11. UDR share go ex-dividend on April 7.
UDR Dividend Yield: 3.00%
W.P. Carey Inc. REIT (WPC) added a 1% bigger payment to shareholders, boosting its dividend to 97.42 cents per share from 96.46 cents. The property management REIT will begin making its new payout on April 15 to shareholders of record as of March 31. WPC shares will turn ex-dividend on March 29.
WPC Dividend Yield: 6.34%
As of this writing, Jim Woods did not hold a position in any of the aforementioned securities.
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