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 Johnson & Johnson
Another brand giant sending more money to its investors is J.M. Smucker
Hudson City Bancorp
Finally, Southern Company
Some of these moves may not seem like much, but consider the less savory moves that took place last week:
- Furniture retailer Ethan Allen
(NYSE:ETH) is redecorating its dividend checks for the worse, cutting their value in half. - Iconic financial-services heavyweights Morgan Stanley
(NYSE:MS) and Bank of New York Mellon(NYSE:BK) made even deeper cuts.
Subscribers to the Income Investor newsletter can appreciate companies that send more and more money to their investors. The newsletter singles out stocks that are committed to growing their distributions, with market-thumping results.
Want to see what we're recommending these days? 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.