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 over the past few days.
We'll start with Clorox
Then we have the "cheap chic" chain sending a little more spending money to its investors. Target's
Finally, we have VSE
Some of these moves may not seem like much, but consider the less savory moves that took place in recent days:
(NYSE:ELY)landed on the rough, as the maker of oversized golf clubs became the latest company to slash its dividend to a token $0.01 a share.
- Pipe maker Friedman Industries is cutting its quarterly dividend again. Its new rate of $0.03 a share is 75% lower than its payout from late 2008, when Friedman was still ratcheting up its yield.
Subscribers to Income Investor can 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.
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.