I love to kick off the new trading week by taking a quick peek at companies that have just hiked their dividends -- and not just because of the money. A company that is easing up on its pocketbook probably has improving fundamentals to back up that generosity.
Readers of the Income Investor newsletter can certainly appreciate that kind of thinking. Let's take a closer look at four of the companies that inched their payouts higher over the past week.
We’ll start with Gap
Higher payouts? You're soaking in it, Colgate-Palmolive
Even if consumer nondurable companies like Colgate-Palmolive are considered recession-resistant, since they provide basic repeat-purchase necessities, it's still comforting to see the company upbeat enough about its future to free up more of its greenbacks.
Cohen & Steers
Well, Cohen & Steers posted higher quarterly profits a month earlier, despite a 14% sequential dip in assets under management. If snapping up the company at 14 times trailing earnings doesn't win over value investors, maybe its 3.4% yield will prove magnetic to income investors.
Finally, we have Public Storage
Subscribers to the Income Investor newsletter can appreciate the companies sending more and more money to their investors. The newsletter singles out companies that are committed to growing their distributions with market-thumping results.
Want to see what is being recommended these days? Go ahead and give the newsletter service a shot with a 30-day trial subscription. Who knows? Maybe the next thing to get hiked will be your interest.