Even if you're not buying stocks for the instant gratification of dividends, it makes sense to follow what companies are doing on that front. A company that hikes its payouts is indicating to the market that its fundamentals are improving and it's willing to put its money where its mouth is.
Let's take a closer look at four of the companies that inched their payouts higher this past week.
We'll start with Star Buffet
You may not be familiar with Star Buffet, but it's filled with a collection of smorgasbord concepts, most notably the once-publicly traded HomeTown Buffet. Star Buffet was spun off by CKE Restaurants
Then we have Domino's Pizza
Subscribers to our Income Investor newsletter can appreciate the companies sending more and more money to their investors. Analyst Mathew Emmert has often singled out companies 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 to 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. The Fool has a disclosure policy. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.