There's something special about a company increasing its dividend. It's not just more money in the pockets of shareholders. It's also a sign that a company feels upbeat enough to go easy on the purse strings. If it's a trend that continues, the improving fundamentals may very well send the shares higher.
Lets take a closer look at four of the companies that inched their payouts higher this past week.
Then we have Oil-Dri
Industrial parts distributor Applied Industry Tech
Subscribers to our Income Investor newsletter appreciate companies that are sending more and more money to their investors. Analyst Mathew Emmert has often singled out companies that are committed to growing their distributions with market-thumping results.
Want to see what Mathew likes these days? Go ahead and give his newsletter service a shot with a 30-day trial subscription. Who knows? Maybe the next thing that will get hiked will be your interest.
Longtime Fool contributor Rick Munarriz pays attention to yield signs. He does not own shares in any of the companies mentioned in this story. He is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.