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 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.
Let's start with Franklin Resources
If you think that streak is impressive, Nucor
This doesn't mean that investors will be getting more money this year. Nucor is also suspending its "supplemental bonus dividend" as a result of the industry's hazy state and the company's own recent earnings warning.
Village Super Market
Finally, we have Progress Energy
Consider the companies going the other way last week:
- Commercial property Saul Centers
(NYSE:BFS)cut its dividend by 17%.
First Midwest Bancorp
(NASDAQ:FMBI)voted a 27% dividend cut.
- Insurance Horace Mann Educators
(NYSE:HMN)is slashing its dividend in half.
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.
Longtime Fool contributor Rick Munarriz pays attention to yield signs. He does not own shares in any of the companies 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.
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