Dividend checks continue to get fatter in Corporate America, as more companies jack up their distribution rates.
Readers of the Income Investor newsletter can certainly appreciate that kind of thinking. Let's take a closer look at some of the companies that inched their payouts higher this past week.
Let's start with Enterprise Products Partners (NYSE: EPD ) . The provider of midstream energy services continues to fuel its chunky yield. Enterprise's new quarterly rate of $0.5975 a share is simply a fractional improvement, but it has now been jacking up its distributions for 27 quarters in a row.
Chemical giant Dow (NYSE: DOW ) is coming through with a more substantial hike than Enterprise. Dow's new quarterly rate of $0.25 a share is a sharp 67% increase. Dow has been paying quarterly dividends consistently for nearly 100 years, but meaty upgrades like this haven't been as common.
H.B. Fuller (NYSE: FUL ) is also on board with fatter disbursements. The maker of adhesives, sealants, and paint products is juicing up its quarterly dividend by 7% to $0.075 a share. Fuller shareholders should be used to this by now, as the company has announced increases for 42 years in a row.
Finally, we have Plains All American Pipeline (NYSE: PAA ) pumping up its payouts. The oil and gas partnership has boosted its yield in 26 of the past 28 quarters after last week's move to bump up its quarterly rate to $0.97 a share.
These companies join aerospace contractor United Technologies (NYSE: UTX ) , business development company Gladstone Investment (Nasdaq: GAIN ) , and long-term care REIT Omega Healthcare (NYSE: OHI ) in propping up their yields.
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 that will get hiked will be your interest.
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