Mixed economic data resulted in choppy markets this week as investors continued trying to assess the health of the global economy. Despite the market remaining roughly flat, a number of dividend stocks increased their payouts last week.
Here are 10 dividend stocks increasing payouts.
Convergys Corp (CVG) boosted its quarterly dividend by 13% to 9 cents per share from 8 cents. The provider of customer management services will send its dividends out on July 8 to shareholders of record as of June 24. CVG shares trade ex-dividend on June 22.
CVG Dividend Yield: 1.3%
MSA Safety Incorporated (MSA) increased its quarterly dividend by 3% to 33 cents per share from 32 cents. Shareholders of record as of May 23 will receive dividends from the manufacturer of safety products on June 10. The company’s shares go ex-dividend on May 19.
MSA Dividend Yield: 2.72%
Watts Water Technologies Inc (WTS) tacked on a penny to its quarterly dividend, raising it by 6% from 17 cents per share to 18 cents. Shareholders of record as of June 2 will receive dividends from the manufacturer of flow control products on June 16. WTS shares become ex-dividend on May 31.
WTS Dividend Yield: 1.28%
Macy’s, Inc. (M) increased its dividend by 5%, raising its quarterly payment to 37.75 cents per share from 36 cents. The department retailer will pay shareholders of record as of June 15 on July 1. The stock’s shares trade ex-dividend on June 13.
M Dividend Yield: 4.92%
Pattern Energy Group Inc (PEGI) raised its quarterly dividend from 38.1 cents per share to 39 cents, representing a modest 2% increase. Shareholders of record as of June 30 will receive higher dividends from the wind power company on July 29. PEGI shares become ex-dividend on June 28.
PEGI Dividend Yield: 7.89%
Columbia Pipeline Group Inc (CPGX) announced a 4% hike to its quarterly dividend, sending its payment up from 13.375 cents per share to 13.875 cents. Shareholders of record as of July 29 will receive dividends from the energy pipeline operator on August 19. CPGX shares will be ex-dividend on July 27.
CPGX Dividend Yield: 2.18%
NiSource Inc. (NI) sent its quarterly dividend higher by a penny, raising it by 6% from 15.5 cents per share to 16.5 cents. The natural gas distributor will pay its higher dividend to shareholders of record as of July 29 on August 19. NI shares trade ex-dividend on July 27.
NI Dividend Yield: 2.76%
Service Corporation International (SCI) announced an 8% raise to its quarterly dividend, bringing its payout up a penny from 12 cents per share to 13 cents. The deathcare products and services provider will send its higher dividends out on June 30 to shareholders of record as of June 15. SCI shares will trade ex-dividend on June 13.
SCI Dividend Yield: 1.92%
Lennox International Inc. (LII) rewarded shareholders with a strong 16% boost to its quarterly dividend, increasing it from 38.7 cents per share to 44.89 cents. Shareholders of record as of June 30 will receive their higher dividends on July 15 from the provider of climate control solutions. The company’s shares will be ex-dividend on June 28.
LII Dividend Yield: 1.24%
Westinghouse Air Brake Technologies Corp (WAB) grew its quarterly dividend from 56 cents per share to 63 cents per share, representing a raise of 13%. The supplier of products for locomotives will pay out its higher dividends to shareholders of record as of August 15 on August 29. WAB shares will trade ex-dividend on August 11.
WAB Dividend Yield: 0.53%
As of this writing, Simply Safe Dividends did not hold a position in any of the aforementioned securities.