7 Dividend Stocks Increasing Payouts – DOV ITW STI MCHP TSO BR ARES

DOV and ITW were among notable dividend stocks raising their payouts last week

Stocks and bonds headed slightly higher on the week as markets continued to be supported by the backing of central banks around the world, a number of strong retail earnings reports and an uptick in oil prices. With U.S. stock markets reaching new all-time highs, a number of companies also rewarded shareholders with dividend increases.

7 Dividend Stocks Increasing Payouts – DOV ITW STI MCHP TSO BR ARESSeven noteworthy dividend stocks raised their payouts over the last week, including two large manufacturers of industrial products, two technology businesses and two providers of financial services.

Here are seven dividend stocks increasing payouts.

Dover Corp (NYSE:DOV) raised its quarterly dividend up from 42 cents per share to 44 cents, representing a 5% increase. The manufacturer of industrial equipment and components will pay out its higher dividends to shareholders of record as of Aug. 31 on Sep. 15. DOV shares will trade ex-dividend on Aug. 29.
DOV Dividend Yield: 2.38%

Illinois Tool Works Inc. (NYSE:ITW) increased its dividend by 18%, raising its quarterly payment to 65 cents per share from 55 cents. The industrial products manufacturer will pay shareholders of record as of Sep. 30 on Oct. 6. The stock’s shares trade ex-dividend on Sep. 28.
ITW Dividend Yield: 2.20%

Microchip Technology Inc. (NASDAQ:MCHP) increased its annual dividend by 0.1% to 36 cents per share from 35.95 cents. Shareholders of record as of Aug. 22 will receive dividends from the semiconductor products manufacturer on Sep. 6. The company’s shares go ex-dividend on Aug. 18.
MCHP Dividend Yield: 2.37%

Tesoro Corporation (NYSE:TSO) sent its quarterly dividend flying by 10%, increasing it from 50 cents per share to 55 cents. The petroleum refining and marketing company will pay its higher dividend to shareholders of record as of Aug. 31 on Sep. 15. TSO shares trade ex-dividend on Aug. 29.
TSO Dividend Yield: 2.89%

Broadridge Financial Solutions, Inc. (NYSE:BR) moved its quarterly dividend higher by three pennies, increasing it by 10% from 30 cents per share to 33 cents. The provider of investor communications and technology solutions will pay its higher dividend to shareholders of record as of Sep. 15 on Oct. 1. BR shares trade ex-dividend on Sep. 13.
BR Dividend Yield: 1.94%

Ares Management LP (NYSE:ARES) rewarded shareholders with an 87% boost to its quarterly dividend, increasing it from 15 cents per share to 28 cents. Shareholders of record as of Aug. 23 will receive their higher dividends on Sep. 6 from the alternative asset manager. The company’s shares will be ex-dividend on Aug. 19.
ARES Dividend Yield: 6.54%

Sun Trust Banks, Inc. (NYSE:STI) sent its quarterly dividend 8% higher, increasing its payment from 24 cents per share to 26 cents. Shareholders of record as of Aug. 31 will receive dividends from the banking and financial services company on Sep. 15. STI shares will be ex-dividend on Aug. 29.
STI Dividend Yield: 2.50%

As of this writing, Simply Safe Dividends was long BR.

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