6 Dividend Stocks Increasing Payouts – SYY ARMK RGLD CDK ENR AIZ

SYY and ARMK were among the notable dividend stocks raising their payouts this week

The S&P 500 Index was set for another solid week of gains thanks to improving economic data and continued speculation that President-elect Donald Trump’s policies could finally accelerate growth and inflation. The U.S. dollar reached its highest level in more than a decade, and a number of dividend stocks announced higher dividends as well.

6 Dividend Stocks Increasing Payouts - SYY ARMK RGLD CDK ENR AIZ

Six notable dividend stocks increased their payouts over the last week, including two food distributors and service providers, a specialty insurance firm, a leading gold royalty business and a well-known consumer products manufacturer.

Here are six dividend stocks increasing payouts.

Sysco Corporation (NYSE:SYY) raised its quarterly dividend up from 31 cents per share to 33 cents, representing a 6% increase. The distributor of food and related products will pay out its higher dividends to shareholders of record as of Jan. 6 on Jan. 27. SYY shares will trade ex-dividend on Jan. 4.
SYY Dividend Yield: 2.49%

Aramark (NYSE:ARMK) nudged up its quarterly dividend by 8%, raising it from 9.5 cents per share to 10.3 cents. Dividends will be paid from the provider of food, facilities and uniform services on Dec. 8 to shareholders of record as of Nov. 28. ARMK shares become ex-dividend on Nov. 23.
ARMK Dividend Yield: 1.21%

Assurant, Inc. (NYSE:AIZ) raised its quarterly dividend by 6%, increasing it from 50 cents per share to 53. The diversified provider of specialty insurance products will pay its higher dividend to shareholders of record as of Nov. 28 on Dec. 12. AIZ shares will trade ex-dividend on Nov. 23.
AIZ Dividend Yield: 2.45%

Energizer Holdings Inc (NYSE:ENR) grew its quarterly dividend from 25 cents per share to 27.5 cents, representing a boost of 10%. The manufacturer of batteries, flashlights and other consumer products will pay out its higher dividends to shareholders of record as of Nov. 30 on Dec. 15. ENR shares are expected to trade ex-dividend on Nov. 28.
ENR Dividend Yield: 2.60%

CDK Global Inc (NASDAQ:CDK) increased its quarterly dividend by 4% to 14 cents per share from 13.5 cents. Shareholders of record as of Dec. 20 will receive dividends from the provider of integrated information technology and digital marketing solutions on Dec. 30. The company’s shares will go ex-dividend on Dec. 16.
CDK Dividend Yield: 0.96%

Royal Gold, Inc (USA) (NASDAQ:RGLD) hiked its quarterly dividend by 4%, raising its payment by a penny from 23 cents per share to 24 cents. Shareholders of record as of Jan. 6 will receive dividends from the gold royalty company on Jan. 20. RGLD shares will be ex-dividend on Jan. 4.
RGLD Dividend Yield: 1.41%

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

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