Rising tensions with North Korea and the recent threat to Florida from Hurricane Irma contributed to the slight decline in the S&P 500 Index last week. While news was otherwise slow, a handful of leading dividend stocks rewarded shareholders with news of higher dividends.
Five notable dividend stocks increased their payouts over the last two weeks, including two financial services firms, a leading provider of wireless voice and data services and a popular cruise line operator.
Here are five dividend stocks increasing payouts.
Verizon Communications Inc. (NYSE:VZ) increased its quarterly dividend by 2%, raising its payment to 59 cents per share from 57.75 cents. Shareholders of record as of Oct. 10 will receive dividends from the wireless carrier on Nov. 1. The company’s shares trade ex-dividend on Oct. 6.
VZ Dividend Yield: 5.04%
Brady Corp (NYSE:BRC) increased its quarterly dividend by 1%, raising its payment to 20.75 cents per share from 20.5 cents. Shareholders of record as of Oct. 10 will receive their higher dividends on Oct. 31 from the diversified manufacturer of identification solutions and workplace safety gear. BRC shares will be ex-dividend on Oct. 6.
BRC Dividend Yield: 2.35%
Royal Caribbean Cruises Ltd (NYSE:RCL) raised its quarterly dividend by 25%, increasing it from 48 cents per share to 60 cents. The cruise company will ship its higher dividend to shareholders of record as of Sept. 22 on Oct. 11. RCL shares will trade ex-dividend on Sept. 21.
RCL Dividend Yield: 1.62%
TFS Financial Corporation (NASDAQ:TFSL) increased its quarterly dividend by 36% to 17 cents per share from 12.5 cents. Shareholders of record as of Sept. 11 will receive dividends from the consumer banking company on Sept. 25. The company’s shares went ex-dividend on Sept. 8.
TFSL Dividend Yield: 4.55%
Blue Hills Bancorp Inc (NASDAQ:BHBK) grew its quarterly dividend from 5 cents per share to 15 cents, representing a raise of 200%. The bank holding company will pay out its higher dividends to shareholders of record as of Sept. 20 on Oct. 4. BHBK shares trade ex-dividend on Sept. 19.
BHBK Dividend Yield: 3.29%
As of this writing, Brian Bollinger was long Verizon.