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 Goldman Sachs (NYSE: GS ) . The investment banker is rewarding shareholders after posting better than expected quarterly results. Goldman Sachs will now be shelling out $0.46 a share to its investors every three months, 31% ahead of its earlier quarterly rate.
Southern's (NYSE: SO ) dividends are also moving northward. The electricity provider's new quarterly distributions are climbing 4% to $0.49 a share. It may not be much of a boost, but Southern has now come through with 11 consecutive years of increases.
BreitBurn Energy Partners (Nasdaq: BBEP ) is also energizing its investors. The limited partnership's quarterly payouts are going from $0.45 a share to $0.455 a share. BreitBurn may seem to be splitting pennies with this move, but it has actually inched its distributions higher for eight quarters in a row. The new $0.455 a share rare is actually 9% higher than it was a year earlier.
Finally we have Ethan Allen Interiors (NYSE: ETH ) doing a little dividend redecorating. Shares of Ethan Allen slumped nearly 7% on Friday after the furniture retailer announced disappointing quarterly results ahead of the actual financials that will be released tonight. Ethan Allen is rewarding those who stick it out, though, juicing up its quarterly disbursements 29% to $0.09 a share.
Checks and balances
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.
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If you want to track these stocks to see if and when they hike their payouts again, consider adding them to MyWatchlist.