The market headed for its worst week in recent memory on concerns Britain could leave the European Union. The Federal Reserve created additional uncertainty by lowering their projected trajectory of interest rates due to sluggish global growth and stubbornly low inflation. While no one knows what the future holds, several companies were confident enough to raise their dividends.
Here are four dividend stocks increasing payouts.
Realty Income Corp (O) increased its dividend by 0.3%, raising its monthly payment to 19.95 cents per share from 19.9 cents. The consumer retail REIT will pay shareholders of record as of July 1 on July 15. The stock’s shares trade ex-dividend on June 29.
O Dividend Yield: 3.55%
W.P. Carey Inc. REIT (WPC) raised its quarterly dividend by 1% to 98 cents per share from 97 cents. The diversified REIT will send its dividends out on July 15 to shareholders of record as of June 30. WPC shares trade ex-dividend on June 28.
WPC Dividend Yield: 5.76%
Investar Holding Corp (ISTR) boosted its quarterly dividend by 11%, raising it from 0.9 cents per share to 1 cent. Dividends will be paid from the commercial bank on July 29 to shareholders of record as of July 4. ISTR shares become ex-dividend on June 29.
ISTR Dividend Yield: 0.26%
Ashford Hospitality Prime Inc (AHP) increased its quarterly dividend by 20% to 12 cents per share from 10 cents. Shareholders of record as of June 30 will receive dividends from the hotel REIT on July 15. The company’s shares go ex-dividend on June 28.
AHP Dividend Yield: 3.26%
As of this writing, Simply Safe Dividends did not hold a position in any of the aforementioned securities.