Not every company is slashing its dividend these days. Some of the market's better performers are easing up on their purse strings and sending more money out to their shareholders.
Readers of the Income Investor newsletter service can appreciate that kind of thinking. So let's take a closer look at four of the companies that inched their payouts higher last week.
Let's start with Northrop Grumman
The raven may quoth "nevermore," but Raven Industries'
"Although earnings were down in our first quarter and we expect our second quarter to be the most difficult of the year, we are confident that this increased dividend level is sustainable," its CEO told investors, as if generosity somehow needs to be justified.
Ace Limited
Finally, Knight Transportation
Some of these moves may not seem like much, but consider the less savory moves that took place in recent days:
- Shaving their payouts, BB&T
(NYSE:BBT) and KeyCorp(NYSE:KEY) proved once again that the financial-services sector isn't out of the woods just yet. BB&T's cut means an end to an enviable 37-year streak of beefier dividend checks. - Lowering its own bid, auction giant Sotheby's
(NYSE:BID) is slashing its yield by two-thirds.
Subscribers to Income Investor appreciate the companies that send more and more money to their investors. The newsletter service singles out companies that are committed to growing their distributions with market-thumping results.
Want to see what's being recommended these days? Give the service a shot with a 30-day trial subscription. Who knows? Maybe the next thing that to get a boost will be your interest.