A stable but somewhat lower-than-expected U.S. payrolls report on Friday was enough to send the market higher on the week. Investors expect moderate economic growth and continued low interest rates to support the market. A handful of dividend stocks also delivered good news in the form of higher dividends.
Here are five dividend stocks increasing payouts.
Harris Corporation (NYSE:HRS) increased its quarterly dividend by 6% to 53 cents per share from 50 cents. Shareholders of record as of Sept. 9 will receive dividends from the technology and networking company on Sept. 21. The company’s shares go ex-dividend on Sept. 7.
HRS Dividend Yield: 2.28%
Campbell Soup Company (NYSE:CPB) sent its quarterly dividend 12% higher, increasing its payment from 31.2 cents per share to 35 cents. Shareholders of record as of Oct. 12 will receive dividends from the packaged food company on Oct. 31. CPB shares will be ex-dividend on Oct. 7.
CPB Dividend Yield: 2.42%
Verizon Communications Inc. (NYSE:VZ) raised its quarterly dividend up from 56.5 cents per share to 57.75 cents, representing a 2% increase. The wireless services provider will pay out its higher dividends to shareholders of record as of Oct. 7 on Nov. 1. VZ shares will trade ex-dividend on Oct. 5.
VZ Dividend Yield: 4.39%
Lamar Advertising Co (NASDAQ:LAMR) raised its quarterly dividend by 1%, increasing it from 75 cents per share to 76 cents. The outdoor advertising business will pay its higher dividend to shareholders of record as of Sept.16 on Sept. 30. LAMR shares trade ex-dividend on Sept.14.
LAMR Dividend Yield: 4.82%
Packaging Corp Of America (NYSE:PKG) increased its dividend by 15%, raising its quarterly payment to 63 cents per share from 55 cents. The container board and packaging company will pay shareholders of record as of Sept. 15 on Oct. 14. The stock’s shares trade ex-dividend on Sept. 13.
PKG Dividend Yield: 2.73%
As of this writing, Simply Safe Dividends was long VZ and PKG.