I love to kick off the new trading week by taking a quick peek at companies that have just hiked their dividends. It's not just about the money. A company that is easing up on its pocketbook probably has improving fundamentals to back up that generosity.
Readers of the Income Investor newsletter can certainly appreciate that kind of thinking. Let's take a closer look at four of the companies that inched their payouts higher this past week.
We'll start with specialty retailer American Eagle Outfitters
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Caterpillar has hiked its dividend for 14 consecutive years now. The last three years have been especially fruitful, resulting in annual increases of 20% or better.
Then we have Target
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.
American Eagle Outfitters is a Motley Fool Stock Advisor recommendation.