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 Corning
"The company has turned into a consistent cash generator and we are confident in our ability to sustain a higher dividend payout to our shareholders," CEO Wendell Weeks explains, as the specialty glass and ceramics giant boosts its quarterly dividend by 50% to $0.075 a share. Corning is also initiating a $1.5 billion share buyback.
Corning hadn't moved its yield higher in five years before last week's move, but it's an entirely different story at RPM International
That's an impressive run, but RPM has nothing on Northwest Natural Gas
Finally, we have Bank of the Ozarks
These companies join investment banker Epoch Holding
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.
If you want to track these stocks to see if and when they hike their payouts, consider adding them to My Watchlist.
Motley Fool newsletter services have recommended buying shares of Corning. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Longtime Fool contributor Rick Munarriz calls them as he sees them. He does not own shares in any of the stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.