Constellation Brands, Inc. Leads 5 Dividend Stocks Increasing Payouts

STZ, IEX and SSS top income performers over the past week

Stocks experienced a choppy trading week last week and finished slightly down as a whole. While the market has remained nearly flat year-to-date, a number of high-quality dividend stocks increasing payouts rewarded shareholders and boosted their dividend yields.

Constellation Brands, Inc. Leads 5 Dividend Stocks Increasing PayoutsOver the last week, five notable dividend stocks raised their payouts, including a major beverage producer, a large industrial pump manufacturer and a self-storage facility operator.

Here are five dividend stocks increasing payouts.

Constellation Brands, Inc. (STZ) served up a 29% increase to its quarterly dividend, raising its payment to 40 cents per share from 31 cents. The alcoholic beverage company operates in one of the best stock sectors for dividend income and will pay shareholders of record as of May 10 on May 24. The company’s shares will trade ex-dividend on May 6.
STZ Dividend Yield: 1%

IDEX Corporation (IEX) sent its quarterly dividend higher by two pennies, raising it by 6% from 32 cents per share to 34 cents. Shareholders of record as of April 18 will receive dividends from the industrial pump manufacturer on April 29. IEX shares will be ex-dividend on April 14.
IEX Dividend Yield: 1.66%

Sovran Self Storage Inc (SSS) announced a 12% boost to its quarterly dividend, raising it to 95 cents per share from 85 cents. The operator of self-storage facilities will send its dividends out on April 26 to shareholders of record as of April 14. The stock’s shares trade ex-dividend on April 12.
SSS Dividend Yield: 3.27%

Bank of the Ozarks Inc (OZRK) increased its quarterly dividend by 0.5 cents per share to 15.5 cents, representing a gain of 3%. Shareholders of record as of April 15 will receive their higher dividends from the Arkansas bank on April 22. OZRK shares will trade ex-dividend on April 13.
OZRK Dividend Yield: 1.49%

Sabine Royalty Trust (SBR) rewarded shareholder with a modest 0.7% raise to its dividend, increasing its payout from 13.77 cents per share to 13.86 cents. The oil & gas royalty trust is a monthly dividend stock that will pay its next dividend to shareholders of record as of April 15 on April 29. The stock’s shares become ex-dividend on April 13.
SBR Dividend Yield: 8.7%

As of this writing, Simply Safe Dividends was long IDEX Corp in its Long-term Dividend Growth Portfolio 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/dividend-stocks-increasing-payouts-sss-stz-iex-ozrk-sbr/.

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