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 B&G Foods
The company behind Ortega taco shells, Ac'cent seasonings, and Cream of Wheat is spooning out a quarterly dividend of $0.23 a share, a nearly 10% increase from its previous rate. You won't find too many food companies packing yields of 5% like B&G Foods is right now.
Finally, we have Cass Information Systems
These companies join limited partnerships Magellan Midstream Partners
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 payouts again, consider adding them to My Watchlist.