Just when it looked like the market could surpass its all-time high, news broke that Britain voted to leave the European Union, sending global markets plunging on Friday to more than wipe out the week’s gains. Despite the fall in stock prices, a number of companies rewarded shareholders with rising dividends.
Here are six dividend stocks increasing payouts.
The Kroger Co (KR) increased its dividend by 14%, raising its quarterly payment to 12 cents per share from 10.5 cents. The food retailer will pay shareholders of record as of Aug. 15 on Sep. 1. The stock’s shares trade ex-dividend on Aug. 11.
KR Dividend Yield: 1.36%
Herman Miller, Inc. (MLHR) raised its quarterly dividend by 15% to 17 cents per share from 14.75 cents. The furniture manufacturer will send its dividends out on Oct. 15. The company has yet to release specific ex-dividend and shareholder of record dates, but both days have historically fallen during the last week of August.
MLHR Dividend Yield: 1.95%
Shoe Carnival, Inc. (SCVL) boosted its quarterly dividend by 8%, raising it from 6.5 cents per share to 7 cents. Dividends will be paid from the footwear retailer on July 18 to shareholders of record as of July 5. SCVL shares become ex-dividend on June 30.
SCVL Dividend Yield: 1.16%
8Point3 Energy Partners LP (CAFD) increased its quarterly dividend by 4% to 23.25 cents per share from 22.46 cents. Shareholders of record as of July 5 will receive dividends from the solar energy utility business on July 15. The company’s shares go ex-dividend on June 30.
CAFD Dividend Yield: 6.52%
Fulton Financial Corp (FULT) raised its quarterly dividend up from 9 cents per share to 10 cents, representing a healthy 11% increase. Shareholders of record as of July 1 will receive higher dividends from the banking and financial services company on July 15. FULT shares become ex-dividend on June 29.
FULT Dividend Yield: 2.98%
Waterstone Financial, Inc. (WSBF) launched its quarterly dividend 60% higher, increasing its payment from 5 cents per share to 8 cents. Shareholders of record as of July 12 will receive dividends from the community and mortgage banking company on Aug. 2. WSBF shares will be ex-dividend on July 8.
WSBF Dividend Yield: 2.18%
As of this writing, Simply Safe Dividends did not have a position in any of the aforementioned securities.