Not every company is slashing its dividend these days. Some of the market's better performers are easing up on their purse strings and sending more money out to their shareholders.
Readers of the Income Investor newsletter service can certainly appreciate that kind of thinking. So let's take a closer look at four of the companies that inched their payouts higher this past quarter.
Let's start with Carlisle (NYSE: CSL ) . The global conglomerate that dabbles in everything from commercial roofing to power transmissions raised the ceiling with its new $0.16-per-share quarterly dividend, 3% higher than its previous rate. Carlisle has boosted its yield in each of the past 33 years.
Church & Dwight (NYSE: CHD ) is also playing it loose with its payouts. The maker of Trojan condoms and Arm & Hammer products is raising its quarterly distributions by 56%, to $0.14 a share. The news came on the heels of another strong quarter.
Dover (NYSE: DOV ) is also keeping its streak alive by increasing its quarterly disbursements by 4%, to $0.26 a share. The industrial-products giant has delivered 54 years of increases, the fourth-longest streak among listed companies.
Finally, we have Leggett & Platt (NYSE: LEG ) extending its own record to 38 consecutive years of rate spurts. Shareholders will now be receiving $0.26 a share, 4% better than its previous payouts.
Some of these moves may not seem like much, but consider the less-savory moves that took place in recent days: Manulife (NYSE: MFC ) , Psychemedics, and Ingersoll-Rand (NYSE: IR ) all declared lower distributions last week.
Subscribers to Income Investor can appreciate the companies that send more and more money to their investors. The newsletter service singles out companies that are committed to growing their distributions with market-thumping results.
Want to see what's being recommended these days? Give Income Investor a shot with a 30-day trial subscription. Who knows? Maybe the next thing to get a boost will be your interest.
Read which stocks Fool contributor Ilan Moscovitz thinks will be the next dividend burnouts.
RSS Headlines
Fool UK