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Dividend stocks are off to a strong start in 2014. And with S&P 500 companies sitting on huge cash piles – $1.25 trillion for non-financial firms – companies can afford to sweeten payouts.
This follows 2013's generous year in which cumulative dividend hikes amounted to a hefty $56.7 billion.
This is great news for income-starved investors who continue to gravitate toward dividend-paying stocks, as money market funds yield a paltry 0.01%.
"Dividends continue to be one of the few income-generating alternatives to investors," said Howard Silverblatt, S&P Dow Jones Indices' senior analyst. Silverblatt expects 2014 to be another "very positive" year for dividend boosts.
Following are 25 recent and notable quarterly increases.
25 Dividend Stocks That Just Hiked Their Payouts
ADT Corp. (NYSE: ADT) upped its dividend 60% to $0.20 a share from $0.12. Shares yield 2%.
Alexander's Inc. (NYSE: ALX) raised its payout to $3.25 a share, up from $2.75. The 18% increase gives shares a 3.86% yield.
BlackRock Inc. (NYSE: BLK) boosted its dividend 15% to $1.93 a share from $1.68. Shares yield 2.44%.
Boston Private Financial Holdings Inc. (Nasdaq: BPFH) increased its dividend 14% to $0.08 a share for a 2.42% yield.
Consolidated Edison Inc. (NYSE: ED) raised its dividend two cents to $0.63 a share for a yield of 4.67%.
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Core Labs N.V. (NYSE: CLB) hiked its dividend 56% to $0.50 a share from $0.36. Shares yield 1.05%.
Delphi Automotive PLC (NYSE: DLPH) increased its dividend 47% to $0.25 a share, up from $0.17. The global supplier of components for autos declared its first dividend less than a year ago in February 2013, 8 years after exiting bankruptcy.
Enterprise Products Partners LP (NYSE: EPD) raised its payout a penny to $0.70 a share for a 4.38% yield.