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10 Dividend Stocks Increasing Payouts – HFWA HXL LAD MPLX PPG SCHW SHLX SO TLLP TLP

SO, PPG among notable income boosters over the past week

A flurry of earnings reports came in over the last week and helped the market grind slightly higher. While some earnings reports were better than others, a number of dividend stocks rewarded shareholders with their own announcements of higher payouts.

10 Dividend Stocks Increasing Payouts – HFWA HXL LAD MPLX PPG SCHW SHLX SO TLLP TLPOver the last week, 10 notable dividend stocks boosted their payouts, including a well-known electric utility company, several energy-focused master limited partnerships, a leading paint manufacturer and two financial services providers.

Here are 10 dividend stocks increasing payouts.

Charles Schwab Corp (SCHW) boosted its quarterly dividend by 17% to 7 cents per share from 6 cents. The financial services provider will send its dividends out on May 27 to shareholders of record as of May 13. SCHW shares trade ex-dividend on May 11.
SCHW Dividend Yield: 0.94%

Heritage Financial Corp (HFWA) rewarded shareholders with a 9% boost to its quarterly dividend, increasing it from 11 cents per share to 12 cents. Shareholders of record as of May 5 will receive their higher dividends on May 19 from the commercial bank. The company’s shares will be ex-dividend on May 3.
HFWA Dividend Yield: 2.71%

Hexcel Corporation (HXL) announced a 10% boost to its quarterly dividend, sending its payment up from 10 cents per share to 11 cents. Shareholders of record as of May 4 will receive dividends from the industrial composites manufacturer on May 11. HXL shares will be ex-dividend on May 2.
HXL Dividend Yield: 0.97%

Lithia Motors Inc (LAD) sent its quarterly dividend higher by a nickel, raising it by 25% from 20 cents per share to 25 cents. The car dealer will pay its higher dividend to shareholders of record as of May 13 on May 27. LAD shares will go ex-dividend on May 11.
LAD Dividend Yield: 1.26%

MPLX LP (MPLX) nudged up its distribution by 1%, raising its quarterly payment to 50.5 cents per share from 50 cents. The oil & gas pipeline operator will pay shareholders of record as of May 3 on May 13. The stock’s shares trade ex-dividend on April 29.
MPLX Dividend Yield: 6.14%

PPG Industries, Inc. (PPG) tacked on 4 cents per share to its quarterly dividend, raising it by 11% to 40 cents per share. Shareholders of record as of May 10 will receive dividends from the paint manufacturer on June 10. PPG shares become ex-dividend on May 5.
PPG Dividend Yield: 1.43%

Shell Midstream Partners LP (SHLX) raised its quarterly distribution from 22 cents per share to 23.5 cents, representing a healthy 7% increase. Shareholders of record as of May 2 will receive higher dividends from the crude oil pipeline operator on May 12. SHLX shares trade ex-dividend on April 28.
SHLX Dividend Yield: 2.57%

Southern Co (SO) increased its quarterly dividend by 3% to 56 cents per share from 54.25 cents. Shareholders of record as of May 16 will receive dividends from the electric utility company on June 6. The company’s shares go ex-dividend on May 12.
SO Dividend Yield: 4.54%

Tesoro Logistics LP (TLLP) grew its quarterly distribution from 78 cents per share to 81 cents per share, representing a raise of 4%. The oil and gas logistics company will pay out its higher dividends to shareholders of record as of May 2 on May 13. TLLP shares will trade ex-dividend on April 28.
TLLP Dividend Yield: 6.81%

Transmontaigne Partners L.P. (TLP) announced a modest 2% raise to its quarterly distribution, bringing its payout up from 67 cents per share to 68 cents. The energy terminal, storage, and transportation business will ship its higher dividends out on May 9 to shareholders of record as of April 29. TLP shares will trade ex-dividend on April 27.
TLP Dividend Yield: 6.8%

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Article printed from InvestorPlace Media, https://investorplace.com/2016/04/10-dividend-stocks-increasing-payouts-hfwa-hxl-lad-mplx-ppg-schw-shlx-so-tllp-tlp/.

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