6 Notable Dividend Stocks Boost Payouts Amid Market Selloff

United Parcel Service (UPS) hikes its dividend on strong shipping demand

dividend stocks

Six notable dividend stocks increased their payouts over the last week, including a global package delivery business, a railroad operator, and a manufacturer of glass for smartphones.

Stock markets around the world tumbled last week. Fears of rising inflation and higher interest rates seemed to be the biggest culprits behind the drop. While stock prices were generally falling, a number of companies made announcements sending their dividends the other direction.

Here are six dividend stocks increasing payouts.

United Parcel Service, Inc. (NYSE:UPS) increased its quarterly dividend by almost 10%, raising its payment to 91 cents per share from 83 cents. Shareholders of record as of February 20 will receive dividends from the package delivery company on March 7. The company’s shares trade ex-dividend on February 16.
UPS Dividend Yield: 3.08%

Spectra Energy Partners, LP (NYSE:SEP) moved its quarterly dividend higher by about 2%, and increased it from 72.63 cents per share to 73.88 cents. So the natural gas storage and transportation company will pay its higher dividend to shareholders of record as of February 20 on February 28. Because of this, SEP shares trade ex-dividend on February 16.
SEP Dividend Yield: 7.05%

Union Pacific Corporation (NYSE:UNP) announced a 10% raise to its quarterly dividend, therefore increasing it from 66.5 cents per share to 73 cents. Shareholders of record as of February 28 will receive their higher dividends on March 30 from the railroad operator. Therefore, UNP shares will be ex-dividend on February 27.
UNP Dividend Yield: 2.35%

CME Group Inc (NASDAQ:CME) announced a 6% increase to its quarterly dividend, which raised it from 66 cents per share to 70 cents. Dividends will be paid on March 26 to shareholders of record as of March 9. Due to this, CME shares trade ex-dividend on March 8.
CME Dividend Yield: 1.71%

Corning Incorporated (NYSE:GLW) increased its quarterly dividend by 16%, raising its payment to 18 cents per share from 15.5 cents. Shareholders of record as of February 28 will receive their higher dividends on March 29 from the specialty glass manufacturer. Therefore, GLW shares will be ex-dividend on February 27.
GLW Dividend Yield: 2.52%

Archer Daniels Midland (ADM) announced a 5% increase to its quarterly dividend, raising it from 32 cents per share to 33.5 cents. Dividends will be paid from the agricultural products company on March 13 to shareholders of record as of February 20. Because of this, ADM shares become ex-dividend on February 16.
ADM Dividend Yield: 3.21%

As of this writing, Brian Bollinger had no position in any of the stocks mentioned.

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