10 Dividend Stocks Increasing Payouts – AAPL UTX XOM WFC GWW XLNX EXC BBT SON AMP

AAPL, XOM among the biggest dividend boosters this past week

A slew of mixed earnings reports hit the market this week and the Federal Reserve continued to signal mild caution about the economy, causing the market to edge slightly lower. However, numerous dividend stocks delivered good news to their shareholders in the form of higher payouts.

10 Dividend Stocks Increasing Payouts – AAPL UTX XOM WFC GWW XLNX EXC BBT SON AMPOver the last week, 10 major dividend stocks raised their dividends, including a major oil and gas producer, several financial services companies and the largest technology business in the world.

Here are 10 dividend stocks increasing payouts.

Apple Inc. (AAPL) boosted its quarterly dividend by 10% to 57 cents per share from 52 cents. The manufacturer of iPhones and Macs will send its dividends out on May 12 to shareholders of record as of May 9. AAPL shares trade ex-dividend on May 5.
AAPL Dividend Yield: 2.46%

Xilinx, Inc. (XLNX) announced a 6.5% boost to its quarterly dividend, sending its payment up from 31 cents per share to 33 cents. Shareholders of record as of May 18 will receive dividends from the semiconductor company on June 8. XLNX shares will be ex-dividend on May 16.
XLNX Dividend Yield: 3.05%

Exxon Mobil Corporation (XOM) tacked on 2 cents per share to its quarterly dividend, raising it by 3% from 73 cents per share to 75 cents. Shareholders of record as of May 13 will receive dividends from the oil and gas producer on June 10. XOM shares become ex-dividend on May 11.
XOM Dividend Yield: 3.42%

Wells Fargo & Co (WFC) edged up its dividend by 1%, raising its quarterly payment to 38 cents per share from 37.5 cents. The major bank will pay shareholders of record as of May 6 on June 1. The stock’s shares trade ex-dividend on May 4.
WFC Dividend Yield: 3.05%

United Technologies Corporation (UTX) increased its quarterly dividend by 3% to 66 cents per share from 64 cents. Shareholders of record as of May 20 will receive dividends from the diversified industrial and aerospace company on June 10. The company’s shares go ex-dividend on May 18.
UTX Dividend Yield: 2.54%

W W Grainger Inc (GWW) raised its quarterly dividend from $1.17 per share to $1.22, representing a healthy 4% increase. Shareholders of record as of May 9 will receive higher dividends from the industrial products distributor on June 1. GWW shares become ex-dividend on May 5.
GWW Dividend Yield: 2.09%

Sonoco Products Co (SON) rewarded shareholders with a 6% boost to its quarterly dividend, increasing it from 35 cents per share to 37 cents. Shareholders of record as of May 13 will receive their higher dividends on June 10 from the packaging products manufacturer. The company’s shares will be ex-dividend on May 11.
SON Dividend Yield: 3.15%

Exelon Corporation (EXC) sent its quarterly dividend higher by under a penny, raising it by 3% from 31 cents per share to 31.8 cents. The utility services company will pay its higher dividend to shareholders of record as of May 13 on June 10. EXC shares trade ex-dividend on May 11.
EXC Dividend Yield: 3.65%

BB&T Corporation (BBT) announced a moderate 4% raise to its quarterly dividend, bringing its payout up a penny from 27 cents per share to 28 cents. The banking company will send its higher dividends out on June 1 to shareholders of record as of May 13. BBT shares will trade ex-dividend on May 11.
BBT Dividend Yield: 3.16%

Ameriprise Financial, Inc. (AMP) grew its quarterly dividend from 67 cents per share to 75 cents per share, representing a raise of 12%. The diversified financial services company will pay out its higher dividends to shareholders of record as of May 9 on May 20. AMP shares will trade ex-dividend on May 5.
AMP Dividend Yield: 3.12%

As of this writing, Simply Safe Dividends was long XOM and WFC, but did not hold a position in any of the other aforementioned securities.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/04/10-dividend-stocks-increasing-payouts-aapl-utx-xom-wfc-gww-xlnx-exc-bbt-son-amp/.

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