The S&P 500 finished a volatile week of trading flat and continues to sit near an all-time high. While the conclusion of third-quarter earnings season has resulted in a slower flow of news, a handful of dividend stocks recently delivered happy updates for income investors.
Here are five dividend stocks increasing payouts.
Philip Morris International Inc. (NYSE:PM) raised its quarterly dividend up from $1.02 per share to $1.04, representing a 2% increase. The cigarette manufacturer will pay out its higher dividends to shareholders of record as of Sept. 28 on Oct. 13. PM shares will trade ex-dividend on Sept. 26.
PM Dividend Yield: 4.14%
Danaher Corporation (NYSE:DHR) increased its quarterly dividend by 3%, raising its payment to 12.5 cents per share from 12.127 cents. The diversified industrial equipment manufacturer will pay shareholders of record as of Sept. 30 on Oct. 28. The stock’s shares trade ex-dividend on Sept. 28.
DHR Dividend Yield: 0.84%
West Pharmaceutical Services Inc. (NYSE:WST) increased its quarterly dividend by 8%, raising its payment from 12 cents per share to 13 cents. Shareholders of record as of October 19 will receive dividends from the pharmaceuticals packaging and components company on November 2. WST shares will be ex-dividend on October 17.
WST Dividend Yield: 0.63%
Iberiabank Corp (NASDAQ:IBKC) increased its quarterly dividend by 6% to 36 cents per share from 34 cents. Shareholders of record as of Sept. 30 will receive dividends from the commercial and retail banking company on Oct. 28. The company’s shares go ex-dividend on Sept. 28.
IBKC Dividend Yield: 2.13%
Washington Trust Bancorp (NASDAQ:WASH) raised its quarterly dividend by 3%, increasing it from 36 cents per share to 37 cents. The commercial banking and wealth management company will pay its higher dividend to shareholders of record as of Oct. 3 on Oct. 14. WASH shares are expected to trade ex-dividend on Sept. 29.
WASH Dividend Yield: 3.37%
As of this writing, Simply Safe Dividends was long PM.