With earnings season underway, the S&P 500 Index finished a busy trading week about flat. While investors digest a number of new reports on corporate profits, a handful of companies also announced new dividend increases.
Six notable dividend stocks increased their payouts over the last week, including three midstream energy companies, a global payments technology company and a cruise line operator.
Here are six dividend stocks increasing payouts.
Visa Inc (NYSE:V) grew its quarterly dividend from 16.5 cents per share to 19.5 cents, representing a raise of 18%. The payments technology company will pay out its higher dividends to shareholders of record as of Nov. 17 on Dec. 5. V shares trade ex-dividend on Nov. 16.
V Dividend Yield: 0.7%
Magellan Midstream Partners, L.P. (NYSE:MMP) increased its quarterly dividend by 2% to 90.5 cents per share from 89 cents. Shareholders of record as of Nov. 2 will receive dividends from the energy transportation, storage and distribution partnership on Nov. 14. The company’s shares trade ex-dividend on Nov. 1.
MMP Dividend Yield: 5.3%
Crown Castle International Corp. (REIT) (NYSE:CCI) increased its quarterly dividend by 11%, raising its payment to $1.05 per share from 95 cents. Shareholders of record as of Dec. 15 will receive dividends from the wireless infrastructure real estate investment trust on Dec. 29. The company’s shares trade ex-dividend on Dec. 14.
CCI Dividend Yield: 4%
Carnival Corp (NYSE:CCL) raised its quarterly dividend by 13%, increasing it from 40 cents per share to 45 cents. The cruise company will send its higher dividend to shareholders of record as of Nov. 24 on Dec. 15. CCL shares will trade ex-dividend on Nov. 22.
CCL Dividend Yield: 2.7%
Shell Midstream Partners LP (NYSE:SHLX) increased its quarterly dividend by 5%, raising its payment to 31.8 cents per share from 30.41 cents. Shareholders of record as of Oct. 31 will receive their higher dividends on Nov. 14 from the energy pipeline operator. SHLX shares will be ex-dividend on Oct. 30.
SHLX Dividend Yield: 4.7%
Phillips 66 Partners LP (NYSE:PSXP) announced a 5% increase to its quarterly dividend, raising it from 61.5 cents per share to 64.6 cents. Dividends will be paid from the midstream energy partnership on Nov. 13 to shareholders of record as of Oct. 31. PSXP shares become ex-dividend on Oct. 30.
PSXP Dividend Yield: 5%
As of this writing, Brian Bollinger has no position in any of the stocks mentioned.
