The Santa Clause rally continued this week with the S&P 500 Index rallying for five straight days. Investors who had been on the sidelines are pouring cash into the market as they price in better earnings prospects thanks to Donald Trump’s tax plans and fiscal stimulus policies. In addition to rising stock prices, a handful of dividend stocks announced rising dividends.
Eight notable dividend stocks increased their payouts over the last two weeks, including two property and casualty insurance providers, a large pharma company, two materials companies and a regulated utility business.
Here are eight dividend stocks increasing payouts.
Mastercard Inc (NYSE:MA) increased its quarterly dividend by 16% to 22 cents per share from 19 cents. Shareholders of record as of Jan. 9 will receive dividends from the payment solutions provider on Feb. 9. The company’s shares will go ex-dividend on Jan. 5
MA Dividend Yield: 0.84%
Zoetis Inc (NYSE:ZTS) hiked its quarterly dividend by 11%, raising its payment from 9.5 cents per share to 10.5 cents. Shareholders of record as of Jan. 20 will receive dividends from the veterinary drugs manufacturer on Mar. 1. ZTS shares will be ex-dividend on Jan. 18.
ZTS Dividend Yield: 0.81%
WEC Energy Group Inc (NYSE:WEC) raised its quarterly dividend by 5%, increasing it from 49.5 cents per share to 52 cents. The electric and natural gas utility company will pay its higher dividend to shareholders of record as of Feb. 14 on Mar. 1. WEC shares will trade ex-dividend on Feb. 10.
WEC Dividend Yield: 3.67%
Owens Corning (NYSE:OC) grew its quarterly dividend from 18 cents per share to 20 cents, representing a boost of 11%. The composite and building materials manufacturer will pay out its higher dividends to shareholders of record as of Jan. 3 on Jan. 18. OC shares are expected to trade ex-dividend on Dec. 29.
OC Dividend Yield: 1.44%
Eastman Chemical Company (NSYE:EMN) announced an 11% increase to its quarterly dividend, raising it from 46 cents per share to 51 cents. Dividends will be paid from the diversified specialty chemicals manufacturer on Jan. 3 to shareholders of record as of Dec. 15. EMN shares become ex-dividend on Dec. 13.
EMN Dividend Yield: 2.64%
Hanover Insurance Group Inc (NYSE:THG) raised its quarterly dividend up by four pennies from 46 cents per share to 50 cents, representing a 9% increase. The provider of property and casualty insurance products will pay out its higher dividends to shareholders of record as of December 16 on December 30. THG shares will trade ex-dividend on December 14.
THG Dividend Yield: 2.21%
Alexandria Real Estate Equities Inc (NYSE:ARE) rewarded shareholders with a 4% raise to its quarterly dividend, increasing it from 80 cents per share to 83 cents. Shareholders of record as of Dec. 30 will receive their higher dividends on Jan. 17 from the commercial real estate investment trust. ARE shares will be ex-dividend on Dec. 28.
ARE Dividend Yield: 3.03%
Erie Indemnity Company (NASDAQ:ERIE) increased its quarterly dividend by 7%, raising its payment to 78.25 cents per share from 73 cents. The property and casualty insurer will pay shareholders of record as of Jan. 5 on Jan. 20. The stock’s shares trade ex-dividend on Jan. 3.
ERIE Dividend Yield: 2.76%
As of this writing, Simply Safe Dividends did not hold a position in any of the aforementioned securities.