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 these past few days.
We can start with Pall (NYSE: PLL ) standing tall.
The filtration specialist is boosting its quarterly rate 19% to $0.25 a share. Investors should be used to this by now. Pall has now come through with nine increases since 2004.
Lockheed Martin (NYSE: LMT ) is also arming its shareholders with more money. The military contractor's firing up its dividend 15% to $0.15 a share every three months. If Pall's streak of hikes is impressive, you'll appreciate that Lockheed Martin has come through with ten consecutive years of double digit increases.
AZZ (NYSE: AZZ ) is also on the move. The maker of specialty electrical equipment is increasing its quarterly disbursements by 12% to $0.14 a share. Why not? The announcement came at the same time that AZZ posted blowout quarterly results and raised its guidance. AZZ now expects to earn as much as $2.40 a share this fiscal year. It should have no problem covering its dividend.
Finally, we have Limoneira (Nasdaq: LMNR ) doing what you're supposed to do when life gives you lemons. The harvester of lemons and other fruits is juicing up is quarterly payouts by 20% to $0.0375 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 three Dow companies that dividend investors need to own. It's a free report, so check it out now.