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 Sysco
The food-service leader is serving up a heartier dividend, boosting its quarterly distributions by 4% to $0.27 a share. Shareholders should be used to this by now. Sysco has bumped up its yield 43 times since going public 41 years ago.
Finally, we have MDU Resources Group
These companies join oil and gas drilling gear maker National Oilwell Varco
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 My Watchlist.
The Motley Fool owns shares of National Oilwell Varco. Motley Fool newsletter services have recommended buying shares of The Home Depot, Nike, National Oilwell Varco, Sysco, and Montpelier Re Holdings; and creating a diagonal call position in Nike. 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.