Dividend-Paying Stocks: 18 New Increases for Yield Seekers

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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.

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