The market experienced a choppy week of trading as investors digested a slew of mixed earnings reports and disappointing U.S. GDP data on Friday. While many stocks are moving sideways for the time being, a number of major dividend stocks rewarded shareholders with payout increases.
Ten notable dividend stocks raised their payouts over the last week, including several energy MLPs, a large tobacco company, two REITs, and several financial services firms.
Here are ten dividend stocks increasing payouts.
Reynolds American, Inc. (RAI) increased its quarterly dividend by 10% to 46 cents per share from 42 cents. Shareholders of record as of September 12 will receive dividends from the tobacco business on October 3. The company’s shares go ex-dividend on September 8.
RAI Dividend Yield: 3.7%
Simon Property Group Inc (SPG) sent its quarterly dividend higher by a nickel, from$1.60 per share to $1.65. The mall REIT will pay its higher dividend to shareholders of record as of August 17 on August 31. SPG shares trade ex-dividend on August 15.
SPG Dividend Yield: 2.8%
Realty Income Corp (O) moved its monthly dividend higher by less than a penny, increasing it by 1% from 19.95 cents per share to 20.15 cents. The diversified, consumer retail-focused REIT will pay its higher dividend to shareholders of record as of September 1 on September 15. O shares trade ex-dividend on August 30.
O Dividend Yield: 3.3%
Dominion Midstream Partners LP (DM) rewarded shareholders with a 5% boost to its quarterly dividend, increasing it from 22.45 cents per share to 23.55 cents. Shareholders of record as of August 5 will receive their higher dividends on August 15 from the owner of liquefied natural gas storage and transportation assets. The company’s shares will be ex-dividend on August 3.
DM Dividend Yield: 3.6%
BB&T Corporation (BBT) raised its quarterly dividend up from 28 cents per share to 30 cents, representing a 7% increase. The banking and financial services company will pay out its higher dividends to shareholders of record as of August 12 on September 1. BBT shares will trade ex-dividend on August 10.
BBT Dividend Yield: 3.3%
Comerica Incorporated (CMA) increased its dividend by 5%, raising its quarterly payment to 23 cents per share from 22 cents. The financial services company will pay shareholders of record as of September 15 on October 1. The stock’s shares trade ex-dividend on September 13.
CMA Dividend Yield: 2%
EQT Midstream Partners (EQM) boosted its quarterly dividend by 5%, raising it from 74.5 cents per share to 78 cents. Dividends will be paid from the energy pipeline and storage company on August 12 to shareholders of record as of August 5. EQM shares become ex-dividend on August 3.
EQM Dividend Yield: 4%
Sunoco LP (SUN) announced a 1% raise to its quarterly dividend, bringing its payout up from 81.73 cents per share to 82.55 cents. The retailer of motor fuels and merchandise will send its higher dividends out on August 15 to shareholders of record as of August 5. SUN shares will trade ex-dividend on August 3.
SUN Dividend Yield: 10.7%
The Carlyle Group LP (CG) grew its quarterly dividend from 26 cents per share to 63 cents per share, representing a whopping boost of 142%. The global asset management firm will pay out its higher dividends to shareholders of record as of August 15 on August 24. CG shares will trade ex-dividend on August 11.
CG Dividend Yield: 10.1%
Marathon Petroleum (MPC) sent its quarterly dividend 13% higher, increasing its payment from 32 cents per share to 36 cents. Shareholders of record as of August 17 will receive dividends from the petroleum product refining and marketing company on September 12. MPC shares will be ex-dividend on August 15.
MPC Dividend Yield: 3.7%
As of the time of this writing, Simply Safe Dividends had no position in any of the stock mentioned above.