5 Dividend Stocks Increasing Payouts – DIS MKC NUE LZB COR

DIS and MKC were among the notable dividend stocks raising their payouts last week

After reaching an all-time high last week, the S&P 500 Index cooled off a bit, dropping close to 1%. However, the sector rotation out of defensive, bond-like stocks into more cyclical companies that will benefit most from faster economic growth and inflation continued. The good news is that dividend stocks from a variety of sectors announced new dividend increases during the week.

5 Dividend Stocks Increasing Payouts – DIS MKC NUE LZB COR

Five notable dividend stocks increased their payouts over the last week, including a popular global entertainment company, a large steel mill operator, a data center real estate investment trust and a leading spices and seasonings manufacturer.

Here are five dividend stocks increasing payouts.

Walt Disney Co (NYSE:DIS) grew its quarterly dividend from 71 cents per share to 78 cents, representing a boost of 10%. The diversified entertainment company will pay out its higher dividends to shareholders of record as of Dec. 12 on Jan. 11. DIS shares are expected to trade ex-dividend on Dec. 8.
DIS Dividend Yield: 1.58%

McCormick & Company, Incorporated (NYSE:MKC) raised its quarterly dividend by 9%, increasing it from 43 cents per share to 47. The manufacturer of spices, seasonings and other food flavoring products will pay its higher dividend to shareholders of record as of Dec. 30 on Jan. 17. MKC shares will trade ex-dividend on Dec. 28.
MKC Dividend Yield: 2.10%

Nucor Corporation (NYSE:NUE) announced a modest 1% increase to its quarterly dividend, raising it from 37.5 cents per share to 37.75 cents. Dividends will be paid from the steel manufacturer on Feb. 10 to shareholders of record as of Dec. 30. NUE shares become ex-dividend on Dec. 28.
NUE Dividend Yield: 2.41%

CoreSite Realty Corp (NYSE:COR) rewarded shareholders with a 51% raise to its quarterly dividend, increasing it from 53 cents per share to 80 cents. Shareholders of record as of Dec. 30 will receive their higher dividends on Jan. 16 from the data center real estate investment trust. COR shares will be ex-dividend on Dec. 28.
COR Dividend Yield: 4.67%

La-Z-Boy Incorporated (NYSE:LZB) raised its quarterly dividend up by a penny from 10 cents per share to 11 cents, representing a 10% increase. The upholstery furniture manufacturer will pay out its higher dividends to shareholders of record as of Dec. 9 on Dec. 15. LZB shares will trade ex-dividend on Dec. 7.
LZB Dividend Yield: 1.50%

As of the time of this writing, Simply Safe Dividends did not hold a position in any of the aforementioned securities.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/12/5-dividend-stocks-increasing-payouts-dis-mkc-nue-lzb-cor/.

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