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 Income Investor can certainly appreciate that kind of thinking. 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 Duke Energy
Finally, we have Prospect Capital
Some of these moves may not seem like much, but consider the less savory moves that took place in recent days:
(NASDAQ:PFBX)is the latest banking specialist to slash its dividend, in this case by a third of its earlier rate.
- REIT Mission West Properties
(NYSE:MSW)is heading south with its quarterly distributions, giving income-chasers a 25% haircut.
- Office-furniture giant Steelcase
(NYSE:SCS)may have topped Wall Street's expectations last week, but it's still cutting its dividend in half. That leaves the once-juicy high-yielding stock paying a more pedestrian 2.7% yield.
Subscribers to the Income Investor newsletter can appreciate the companies sending 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? Give the newsletter service 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.