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.
We’ll start with Kimberly-Clark
Colgate-Palmolive
Trash hauler Waste Management
Finally, we have Chubb
Some of these moves may not sound like much, but consider the companies going the other way last week:
-
General Electric
(NYSE:GE) whacked its dividend to $0.10 a share, despite hinting at keeping its payouts intact earlier this year. -
JPMorgan Chase
(NYSE:JPM) became yet another banking giant to withdraw its lofty yield. Investors will now be getting $0.05 a share on a quarterly basis after an 87% haircut.
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 to get hiked will be your interest.