The market trended lower this week on mixed earnings reports and disappointing U.S. jobs data released on Friday. Despite the fall in the market, dividend payments rose across a number of income stocks.
During the past week, 10 notable dividend stocks raised their payouts, including a major food and beverage company, several healthcare businesses, and two energy companies.
Here are 10 dividend stocks increasing payouts.
PepsiCo, Inc. (PEP) boosted its quarterly dividend by 7% to 75.25 cents per share from 70.25 cents. The beverage and snacks giant will send its dividends out on June 30 to shareholders of record as of June 3. PEP shares trade ex-dividend on June 1.
PEP Dividend Yield: 2.89%
Baxter International Inc (BAX) increased its quarterly dividend by 13% to 13 cents per share from 11.5 cents. Shareholders of record as of June 3 will receive dividends from the diversified healthcare company on July 1. The company’s shares go ex-dividend on June 1.
BAX Dividend Yield: 1.16%
Tractor Supply Company (TSCO) tacked on 4 cents per share to its quarterly dividend, raising it by 20% from 20 cents per share to 24 cents. Shareholders of record as of May 16 will receive dividends from the agriculture retailer on June 1. TSCO shares become ex-dividend on May 12.
TSCO Dividend Yield: 1.03%
Sturm, Ruger & Company (RGR) shot up its dividend by 37%, raising its quarterly payment to 48 cents per share from 35 cents. The firearm manufacturer will pay shareholders of record as of May 13 on May 27. The stock’s shares trade ex-dividend on May 11.
RGR Dividend Yield: 2.95%
National HealthCare Corporation (NHC) raised its quarterly dividend from 40 cents per share to 45 cents, representing a healthy 13% increase. Shareholders of record as of June 30 will receive higher dividends from the healthcare facility operator on September 1. NHC shares become ex-dividend on June 28.
NHC Dividend Yield: 2.86%
ManpowerGroup Inc. (MAN) announced an 8% boost to its quarterly dividend, sending its payment up from 80 cents per share to 86 cents. Shareholders of record as of June 1 will receive dividends from the workforce solutions provider on June 15. MAN shares will be ex-dividend on May 27.
MAN Dividend Yield: 2.09%
Columbia Pipeline Partners LP (CPPL) sent its quarterly dividend higher by less than a penny, raising it by 4% from 18 cents per share to 18.75 cents. The oil and gas pipeline operator will pay its higher dividend to shareholders of record as of May 13 on May 20. CPPL shares trade ex-dividend on May 11.
CPPL Dividend Yield: 5.35%
CA, Inc. (CA) announced a moderate 2% raise to its quarterly dividend, bringing its payout up half a penny from 25 cents per share to 25.5 cents. The technology software and services provider will send its higher dividends out on June 14 to shareholders of record as of May 26. CA shares will trade ex-dividend on May 24.
CA Dividend Yield: 3.46%
Cardinal Health Inc (CAH) 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 July 1 will receive their higher dividends on July 15 from the pharmaceuticals and medical products provider. The company’s shares will be ex-dividend on June 29.
CAH Dividend Yield: 2.29%
Phillips 66 (PSX) grew its quarterly dividend from 56 cents per share to 63 cents per share, representing a raise of 13%. The oil and gas refiner and marketer will pay out its higher dividends to shareholders of record as of May 18 on June 1. PSX shares will trade ex-dividend on May 16.
PSX Dividend Yield: 2.84%
As of the time of this writing, Simply Safe Dividends was long PepsiCo.