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 generosity. So let's take a closer look at four of the companies that inched their payouts higher last week.
Our first three companies are generally perceived to be "all-weather" plays, since folks need to eat. But even so, many brandsmiths have been dinged lately as consumers trade down to cheaper generics.
So let's start with H.J. Heinz
Then we have Flowers Foods
Some of these moves may not seem like much, but consider the less savory moves that took place in recent days:
- Metal-processing giant Worthington Industries
(NYSE:WOR)is slashing its dividend by 41%.
- Residential REIT UDR
(NYSE:UDR)also delivered a 41% dividend cut to its investors.
Subscribers to Income Investor can appreciate the companies that send more and more money to their investors. The 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 Income Investor a shot with a 30-day trial subscription. Who knows? Maybe the next thing to get a boost will be your interest.
Longtime Fool contributor Rick Munarriz pays attention to yield signs. He owns no shares in any of the companies in this story and 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.