The broad drop in stock markets on Friday resulted in an overall decline in prices for the week. Investors were disappointed by the European Central Bank’s decision not to up its accommodative policies and remain anxious about the prospects of an interest rate increase by the Federal Reserve in the coming months. While stocks remain choppy, a number of dividend stocks sent a clear message with dividend raises.
Five notable companies increased their payouts over the last week, including three retail-focused real estate investment trusts, an energy royalty business and a leading electronic scoreboard supplier.
Here are five dividend stocks increasing payouts.
Realty Income Corp (NYSE:O) increased its monthly dividend by 0.2%, raising its payment from 20.15 cents per share to 20.2 cents. Shareholders of record as of Oct. 3 will receive dividends from the retail-focused real estate investment trust on Oct. 17. O shares will be ex-dividend on Sept. 29.
O Dividend Yield: 3.71%
Daktronics, Inc. (NASDAQ:DAKT) increased its quarterly dividend by 17% to 7 cents per share from 6 cents. Shareholders of record as of Sept. 12 will receive dividends from the electronic scoreboards provider on Sept. 23. The company’s shares go ex-dividend on Sept. 8.
DAKT Dividend Yield: 2.91%
Sabine Royalty Trust (NYSE:SBR) increased its dividend by 60%, raising its monthly payment to 21.6 cents per share from 13.5 cents. However, investors should note that SBR’s payout changes based on its oil and gas production volumes. The company maintains royalty interests in production of oil and gas and it will pay shareholders of record as of Sept. 16 on Sept. 30. The stock’s shares trade ex-dividend on Sept. 14.
SBR Dividend Yield: 5.21%
Store Capital Corp (NYSE:STOR) raised its quarterly dividend up from 27 cents per share to 29 cents, representing a 7% increase. The diversified real estate investment trust will pay out its higher dividends to shareholders of record as of Sept. 30 on Oct. 17. STOR shares will trade ex-dividend on Sept. 28.
STOR Dividend Yield: 4.04%
Ramco-Gershenson Properties Trust (NYSE:RPT) raised its quarterly dividend by 5%, increasing it from 21 cents per share to 22 cents. The shopping center real estate investment trust will pay its higher dividend to shareholders of record as of Sept. 20 on Oct. 1. RPT shares trade ex-dividend on Sept. 16.
RPT Dividend Yield: 4.71%
As of this writing, Simply Safe Dividends did not hold a position in any of the aforementioned securities.