Dividend-Paying Stocks: 18 New Increases for Yield Seekers

Investors' appetite for dividend-paying stocks continues to grow as more U.S. companies get more generous with distributions.

Annual dividend payouts by Standard & Poor's 500 Index companies amounted to a combined $34.80 per share in 2013, FactSet reports. The research company expects that amount to grow 9.9% to a record $38.98 a share this year. Among reasons cited is the record $1.1 trillion cash sitting on S&P 500 companies' balance sheets as of April 1.

dividend-paying stocksThe biggest dividend stock news last week came from fast-food giant McDonald's Corp. (NYSE: MCD). The burger and fries behemoth announced plans to increase shareholder payouts by 10% to 20% over the next three years. MCD is a reliable dividend stock, fattening dividends every year since its first distribution in 1976. At Friday's closing price of $101.43, shares yield 3.19%.

Following are the 18 dividend stocks that boosted payouts in the week ending May 30.

Dividend-Paying Stocks That Just Hiked Payouts

Altisource Residential Corp. (NYSE: RESI) raised its quarterly dividend a nickel to $0.45 a share for a 5.74% yield. The enrichment marks the third consecutive quarter in which RESI has raised its payout.

Bank of Montreal (NYSE: BMO) boosted its quarterly dividend 2.6% to $0.71 a share for a yield of 4.08%. The enhancement from Canada's fourth-largest bank by assets came on the heels of solid fiscal Q2 results.

Cathay General Bancorp (Nasdaq: CATY) increased its quarterly payout $0.02 to $0.17 per share for a 1.17% yield.

Canadian Imperial Bank of Commerce (NYSE: CM) upped its quarterly dividend 2% to $0.92 a share for 4.18% yield.

Just-released: Of the almost 5,000 dividend-paying stocks to choose from, these three companies provide superior payouts and superior long-term growth potential.

China Telecom Corp. Ltd. (NYSE ADR: CHA) boosted its annual dividend 11.8% to $1.22 a share for a 2.42% yield. The telecommunications giant announced Thursday it was again voted by institutional investors and analysts as "Overall Best Managed Company in Asia" in FinanceAsia's 14th annual poll of Asia's top-performing companies. The Beijing, China company now holds the title for four consecutive years.

Join the conversation. Click here to jump to comments…

Leave a Reply

Your email address will not be published. Required fields are marked *

7 + = ten

Some HTML is OK

© 2015 Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201, Email: customerservice@MoneyMorning.com