I love to kick off the new trading week by taking a quick peek at companies that have just increased 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 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 T. Rowe Price
Shareholders probably weren't surprised by 3M's
If 3M's streak sounds impressive, you're going to love Diebold
Finally, we have Robert Half
Some of these moves may not sound like much, but consider the companies going the other way last week:
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Dow Chemical
(NYSE:DOW) is slashing its quarterly dividend by 64% to $0.15 a share. It's the conglomerate's first reduction in 97 years. - Harley owners can't be exactly "Hog wild" over Harley-Davidson's
(NYSE:HOG) move to preserve cash with a 70% dividend cut. - To Jim Cramer's dismay, Great Plains Energy
(NYSE:GXP) is halving its distributions. Yes, even sleepy utilities go the other way, too.
The Income Investor 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.