Not every company is slashing its dividend these days. Some of the market's better performers are easing up on their purse strings, sending more money out to their shareholders.
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 last week.
We'll start with Procter & Gamble
That's a healthy upgrade, but shareholders should be used to such hikes by now. Procter & Gamble has jacked up its distributions for 53 consecutive years.
People's United Financial
Finally we have International Speedway
Some of these moves may not seem like much, but consider some of last week's less savory moves:
- Hard drive titan Seagate
(NYSE:STX)erased its quarterly dividend.
- Banks Regions Financial
(NYSE:RF)and PacWest Bancorp (NASDAQ:PACW)lowered their quarterly disbursements to a token $0.01 a share.
Subscribers to the Income Investor newsletter can appreciate companies that send 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 we're recommending 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.