The S&P 500 Index largely treaded water last week as investors digested U.S. tax reform uncertainty and perhaps took some profits off the table as 2017 draws to a close. While stock prices generally didn’t do much, a number of companies announced higher dividends as a sign of confidence in their outlooks.
Six notable dividend stocks increased their payouts over the last week, including two real estate investment trusts, a global transaction processing company and an electric utility.
Here are six dividend stocks increasing payouts.
Mastercard Inc (NYSE:MA) announced a 14% increase to its quarterly dividend, raising it from 22 cents per share to 25 cents. Dividends will be paid from the transaction processing company on Feb. 9 to shareholders of record as of Jan. 9. MA shares become ex-dividend on Jan. 8.
MA Dividend Yield: 0.7%
Bristol-Myers Squibb Co (NYSE:BMY) announced a 3% increase to its quarterly dividend, raising it from 39 cents per share to 40 cents. Dividends will be paid from the drug manufacturer on Feb. 1 to shareholders of record as of Jan. 5. BMY shares become ex-dividend on Jan. 4.
MRK Dividend Yield: 2.6%
W.P. Carey Inc. REIT (NYSE:WPC) grew its quarterly dividend from $1.005 per share to $1.01, representing a raise of 0.5%. The diversified real estate investment trust will pay out its higher dividends to shareholders of record as of Dec. 29 on Jan. 16. WPC shares trade ex-dividend on Dec. 28.
WPC Dividend Yield: 5.7%
C.H. Robinson Worldwide Inc (NASDAQ:CHRW) increased its quarterly dividend by 2% to 46 cents per share from 45 cents. Shareholders of record as of Dec. 18 will receive dividends from the third party logistics company on Dec. 29. The company’s shares trade ex-dividend on Dec. 15.
CHRW Dividend Yield: 2.1%
Edison International (NYSE:EIX) increased its quarterly dividend by 12%, raising its payment to 54.25 cents per share from 60.5 cents. Shareholders of record as of Dec. 29 will receive their higher dividends on Jan. 31 from the electric utility company. EIX shares will be ex-dividend on Dec. 28.
EIX Dividend Yield: 3.3%
CoreSite Realty Corp (NYSE:COR) increased its quarterly dividend by 9%, raising its payment to 98 cents per share from 90 cents. Shareholders of record as of Dec. 29 will receive dividends from the data center real estate investment trust on Jan. 16. The company’s shares trade ex-dividend on Dec. 28.
COR Dividend Yield: 3.4%
As of this writing, Brian Bollinger was long CHRW.
