I love to kick off the new trading week by taking a quick peek at companies that have just hiked their dividends. It's not just about the money: A company that is easing up on its pocketbook probably has improving fundamentals to back up that generosity.
Readers of The Motley Fool's Income Investor newsletter can certainly appreciate that kind of thinking. Let's take a closer look at four of the companies that inched their payouts higher over the past week:
And finally, we have Enbridge
It may not sound like much, but consider the companies going the other way last week:
- Residential community real estate investment trust (REIT) Post Properties
(NYSE:PPS)cut its dividend by more than half, to $0.20 a share.
Stewart Information Services
(NYSE:STC)is cutting even deeper, snipping its former $0.75-a-share annual distributions to just $0.10 a share.
- The board of Johnson Outdoors
(NASDAQ:JOUT)voted to suspend its dividend altogether.
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.
Want to see what is being recommended these days? Go ahead and give the newsletter service a shot with a 30-day trial subscription. Who knows? Maybe the next thing that will get hiked will be your interest.