Financial stocks led a broad market rally last week as better-than-expected earnings reports and stable economic data improved investors’ confidence in the global recovery. A handful of dividend stocks also delivered good news to shareholders in the form of higher dividend payouts.
Last week, eight notable dividend stocks raised their payouts, including a cruise vacation company, a well-known consumer goods marketer and a major commercial bank.
Here are eight dividend stocks increasing payouts.
Qualcomm, Inc. (QCOM) raised its quarterly dividend by 10%, increasing its payment from 48 cents per share to 53 cents. The technology communications company will pay shareholders of record as of June 1 on June 22. The company’s shares will trade ex-dividend on May 27.
QCOM Dividend Yield: 4.15%
Procter & Gamble Co (PG) nudged its quarterly dividend higher by 1%, raising its payment from 66 cents per share to 67 cents. Shareholders of record as of April 18 will receive dividends from this dividend aristocrat in the consumer packaged goods industry on May 16. PG’s shares will be ex-dividend on April 14.
PG Dividend Yield: 3.25%
Carnival Corp (CCL) announced a 17% increase to its quarter dividend, raising it to 35 cents per share from 30 cents. The cruise vacation company will send its dividends out on June 17 to shareholders of record as of May 27. The stock’s shares are anticipated to trade ex-dividend on May 25.
CCL Dividend Yield: 2.74%
Gladstone Land Corp (LAND) is a monthly dividend stock that increased its dividend by 3% to 4.1 cents per share from 4 cents. Shareholders of record as of April 22 will receive dividends from the agricultural real estate developer on May 2. The company’s shares go ex-dividend on April 20.
LAND Dividend Yield: 4.83%
First Republic Bank (FRC) increased its quarterly dividend from 15 cents per share to 16 cents, good for an increase of 7%. Shareholders of record as of April 28 will receive their higher dividends from the commercial bank on May 12. FRC shares will trade ex-dividend on April 26.
FRC Dividend Yield: 0.91%
Antero Midstream Partners LP (AM) satisfied shareholder with a 9% boost to its dividend, increasing its payout from 22 cents per share to 24 cents. The natural gas pipeline company will pay its next dividend to shareholders of record as of May 11 on May 25. The stock’s shares become ex-dividend on May 9.
AM Dividend Yield: 4.43%
Hospitality Properties Trust (HPT) announced a modest 2% increase to its quarterly dividend, raising the payout by a penny from 50 cents per share to 51 cents. The hotel real estate investment trust company will pay shareholders of record as of April 25 on May 19. HPT shares trade ex-dividend on April 21.
HPT Dividend Yield: 7.44%
Genesis Energy, L.P. (GEL) hiked its quarterly dividend from 65.5 cents per share to 67.25 cents, representing a boost of 3%. Shareholders of record as of April 29 will receive dividends from the oil and gas master limited partnership on May 13. GEL shares become ex-dividend on April 27.
GEL Dividend Yield: 8.50%
As of this writing, Simply Safe Dividends was long PG in its Conservative Retirees dividend portfolio but did not hold a position in any of the other aforementioned securities.
