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 these past few days.
We can start with Kroger
The supermarket operator is hitting the cash register with a 30% boost to its quarterly rate. Shareholders of the 2,425-unit grocery store operator will now be receiving $0.15 a share every three months. It may not seem like much, but keep in mind that Albertson's parent, SUPERVALU
"We have consistently communicated our desire to balance rational growth, leverage reduction and shareholder return improvement," CEO Richard Fain explained in last week's press release.
Bon voyage, income investors.
Finally we have CapLease
Checks and balances
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. A 30-day trial subscription will let you see if it's right for you.
The Dow is another place where yield chasers come for meaty payouts, but you don't want to buy all 30 stocks that make up the index. A new report singles out the three Dow companies that dividend investors need to own. It's a free report, so check it out now.