Dividend checks continue to get fatter in Corporate America, as more companies jack up their distribution rates.
Readers of the Income Investor newsletter can certainly appreciate that kind of thinking. Let's take a closer look at some of the companies that inched their payouts higher this past week.
Let's start with International Paper
The 43% boost is welcome but not unexpected. Back in October, CVS Caremark revealed that it was hoping to return 25% to 30% of its earnings to investors through dividends, implying a compounded dividend growth rate of nearly 25% per year. Well, 43% is a lot more than 25%, so either earnings are getting stronger than expected or CVS Caremark just wants to make early inroads toward its 2015 goal.
Plains All American Pipeline
Finally, we have Maximus
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 is being recommended these days? Go ahead and give the newsletter service a shot with a 30-day trial subscription. Who knows? Maybe the next thing that will get hiked will be your interest.
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Longtime Fool contributor Rick Munarriz pays attention to yield signs. He does not own shares in any of the companies in this story. He 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.