The S&P 500 Index rallied to reach a new all-time high last week to close out another solid quarter of gains. Investors expect another solid earnings season this quarter, and the latest U.S. tax plan proposal also created optimism. A handful of companies added to the positive sentiment with payout raises.
Here are four dividend stocks increasing payouts.
American Express Company (NYSE:AXP) increased its quarterly dividend by 9% to 35 cents per share from 32 cents. Shareholders of record as of Oct. 6 will receive dividends from the credit card provider on Nov. 10. The company’s shares trade ex-dividend on Oct. 5.
AXP Dividend Yield: 1.6%
Honeywell International Inc. (NYSE:HON) raised its quarterly dividend by 12%, increasing it from 66.5 cents per share to 74.5 cents. The diversified industrial manufacturer will send its higher dividend to shareholders of record as of Nov. 17 on Dec. 8. HON shares will trade ex-dividend on Nov. 16.
HON Dividend Yield: 2.1%
Lockheed Martin Corporation (NYSE:LMT) increased its quarterly dividend by 10%, raising its payment to $2 per share from $1.82. Shareholders of record as of Dec. 1 will receive their higher dividends on Dec. 29 from the global aerospace and defense company. LMT shares will be ex-dividend on Nov. 30.
LMT Dividend Yield: 2.6%
OGE Energy Corp. (NYSE:OGE) increased its quarterly dividend by 10%, raising its payment to 33.25 cents per share from 30.25 cents. Shareholders of record as of Oct. 10 will receive dividends from the provider of utility services for electricity and natural gas on Oct. 30. The company’s shares trade ex-dividend on Oct. 9.
OGE Dividend Yield: 3.7%
As of this writing, Brian Bollinger has no position in any of the stocks mentioned.