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 Starbucks
The java giant topped off a strong quarterly report by announcing that its quarterly dividend would be climbing 31% to $0.17 a share. There's nothing like the barista baron posting strong store-level sales and a sharp spike in profitability to give it enough breathing room to return more of its beans to shareholders.
James Early singled out Emerson to Income Investor newsletter service subscribers two years ago, after it had jacked up its yield for 53 years in a row. The streak is now up to 55 consecutive years of hikes after last week's move.
Finally we have CEC Enterprises
These companies join regional amusement park operator Cedar Fair
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 again, consider adding them to MyWatchlist.
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.
The Motley Fool owns shares of Starbucks. Motley Fool newsletter services have recommended buying shares of Starbucks, Cognex, and Emerson Electric. 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.