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 Westlake Chemical
Altria
MTS Systems
"This dividend increase underscores our confidence in the company's long-term outlook and the strength of our cash flow and capital position," board chairman David Anderson explains in MTS' announcement.
There's nothing wildly revealing in the quote, but it's more validation behind the nature of these moves. Companies don't dig deeper into their own pockets unless they're growing more comfortable about their financial futures.
Finally, we have G&K Services
These stocks join Cincinnati banker First Financial Bancorp
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.
If you want to track these stocks to see if and when they hike their payout again:
- Add Westlake Chemical to My Watchlist.
- Add MTS Systems to My Watchlist.
- Add Altria Group to My Watchlist.
- Add G&K Services to My Watchlist.