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According to a recent study by Guinness Global Equity Income Fund, $100 invested in the Standard & Poor's 500 Index in late 1940 would have amounted to $17,460 by the end of 2013 if dividends weren't reinvested. But with reinvesting the profits gained from dividend yields , that $100 would have grown to a hefty $265,851.
Last week, 45 dividend increases were announced, and banks dominated the list. Seven regional banks, one Mumbai, India multinational bank, and a New York-based banking behemoth all boosted payouts.
Following are 30 notable dividend stocks that hiked payouts in the week ending May 23.
Stocks That Just Boosted Their Dividend Yields
American Water Works Co. Inc. (NYSE: AWR) upped its quarterly dividend 5.2% to $0.213 a share for a 2.6% yield. The San Dimas, Calif.-based company has been paying dividends for 313 straight quarters and raising them for 60 consecutive years.
American Tower Corp. (NYSE: AMT) raised its quarterly payout 6.3% to $0.34 a share for a 1.54% yield.
Booz Allen Hamilton Holding Corp. (NYSE: BAH) boosted its quarterly payout a penny to $0.11 a share for a 1.84% yield.
Bunge Ltd. (NYSE: BG) hiked its quarterly dividend $0.04 to $0.34 a share for a 1.58% yield.
C&F Financial Corp. (Nasdaq: CFFI) hoisted its quarterly dividend 3.4% to $0.30 a share for a 3.5% 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.
Computer Sciences Corp. (NYSE: CSC) increased its quarterly payout $0.03 to $0.23 a share for a 1.49% dividend yield. The company's board also approved a $1.5 billion share repurchase program.
Cryolife Inc. (NYSE: CRY) upped its quarterly dividend 9% to $0.03 a share for a yield of 1.26%.