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.
We can start with Intel (Nasdaq: INTC ) .
The PC chip behemoth increased its quarterly dividend 7% to $0.225 a share. The new rate pushes Intel's yield to nearly 3.5%, and that's a pretty impressive level given the returns on fixed income and the historically stingy disbursements out of tech bellwethers.
Investors may be somewhat concerned that Intel is bumping its disbursements higher in a year when analysts are targeting flat bottom-line growth, but Intel is making more than enough to cover the payouts.
Vanguard Natural Resources (NYSE: VNR ) is another gusher. The limited liability company that acquires and develops oil and natural gas properties is pumping up its distributions from $0.5925 a share to $0.60 a share. It may seem as if Vanguard is merely splitting pennies, but it has now come through with eight consecutive quarters of incremental increases.
Motorola Solutions (NYSE: MSI ) is also on the move. The provider of communication products and services for corporate and government customers is juicing up its quarterly rate 18% to $0.26 a share. Motorola Solutions is also increasing the size of its existing share repurchase plan by another $2 billion. Dividends and buybacks are two big ways that companies can return money to their stakeholders, and Motorola Solutions is excelling at both.
Finally we have TAL International (NYSE: TAL ) motoring along. The lessor of intermodal freight containers and chassis is bumping up its quarterly distributions by 3% to $0.60 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. A 30-day trial subscription will let you see if it's right for you.
The Dow is another place where yield chasers come for meaty payouts, but you don't want to buy all 30 stocks that make up the index. A new report singles out the 3 Dow companies that dividend investors need to own. It's a free report, so check it out now.