There are a couple of reasons why investors are drawn to companies that hike their dividends. The extra pocket change is one. The show of confidence by a company willing to increase its payout is another. Every week, dozens of companies raise the sum of their quarterly distributions to their shareholders, and it's mostly overlooked by the media.
Not this time. Here are four companies that recently announced increases in the money they send back to investors.
Dividends rising at Kellogg
One company that has devoured the concept of higher dividends is Microchip Technology
Newspaper heavy Gannett
In the end, it's hard to say anything bad about dividend hikes. Subscribers to our Motley Fool Income Investor newsletter know all about that; analyst Mathew Emmert highlighted companies like Pitney Bowes
Longtime Fool contributor Rick Munarriz refuses to refer to Anheuser-Busch's hike as "beer money," though you are welcome to do so. Just don't drink and invest. He does not own shares in any of the companies mentioned in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.