The S&P 500 Index was little changed last week as investors digested an update from the Federal Reserve that reaffirmed plans to hike interest rates once more this year as it unwinds its balance sheet. While interest rates could move higher over the next year, a number of companies are set to boost their dividends.
Six notable dividend stocks increased their payouts over the last week, including two major technology companies, a popular restaurant chain, and a real estate investment trust.
Here are six dividend stocks increasing payouts.
Microsoft Corporation (NASDAQ:MSFT) increased its quarterly dividend by 7.7%, raising the payment to 42 cents per share from 39 cents. Shareholders of record as of November 16 will receive their higher dividends from the global software company on December 14. MSFT shares will be ex-dividend on November 15. MSFT Dividend Yield: 2.26%
Texas Instruments Incorporate (NASDAQ:TXN) increased its quarterly dividend by 24%, raising its payment to 62 cents per share from 50 cents. Shareholders of record as of October 31 will receive dividends from the semiconductor manufacturer on November 13. The company’s shares trade ex-dividend on October 30. TXN Dividend Yield: 2.27%
McDonald’s Corporation (NYSE:MCD) raised its quarterly dividend by 7.4%, boosting it from 94 cents per share to $1.01. The fast food restaurant company will send its higher dividend to shareholders of record as of December 1, on December 15. MCD shares will trade ex-dividend on November 30.
MCD Dividend Yield: 2.37%
W.P. Carey Inc. REIT (NYSE:WPC) increased its quarterly dividend by 0.5% to $1.005 per share from $1.00. Shareholders of record as of October 2 will receive dividends from the net-lease real estate investment trust on October 16. The company’s shares went ex-dividend on September 29. WPC Dividend Yield: 5.85%
Masco Corp (NYSE:MAS) grew its quarterly dividend from 10 cents per share to 10.5 cents, representing a raise of 5%. The manufacturer of home improvement and building products will pay out its higher dividends to shareholders of record as of October 13 on November 13. MAS shares trade ex-dividend on October 12. MAS Dividend Yield: 1.05%
8point3 Energy Partners LP (NASDAQ:CAFD) announced a 4.7% increase to its quarterly dividend, raising it from 26 cents per share to 27.21 cents. Dividends will be paid from the owner of solar energy projects on October 13 to shareholders of record as of October 3. CAFD shares go ex-dividend on October 2. CAFD Dividend Yield: 7.12%
Brian Bollinger is long McDonald’s.