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Dividends constitute an ever-growing percentage of personal income, according to the latest available data from S&P Dow Indexes.
Dividend income made up 5.64% of U.S. per capita personal income in 2012, compared with 4.39% in the previous 10 years and 3.51% in the last 20 years.
The good news for investors looking for more dividend income is that companies have been generous with their payouts in 2014. Data from S&P Dow Jones Indexes shows 696 dividend boosts were reported in Q2 2014 compared to 591 hikes posted in 2013's second quarter.
Last week a whopping 80 companies sweetened the dividend pot. Following are the 30 most notable dividend boosts announced during the week ending July 25.
Dividend Stocks That Just Hiked Payouts
Altera Corp. (Nasdaq: ALTR) upped its quarterly payout $0.03 to $0.18 a share for a 2.15% yield.
American Airlines Group Inc. (NYSE: AAL) last week declared its first quarterly common stock dividend in 34 years. The world's largest carrier by traffic, following its December merger with US Airways, will begin a quarterly distribution on Aug. 18 of $0.10 a share for 1% yield.
Atlas Pipeline Partners LP (NYSE: APL) raised its quarterly dividend a penny to $0.63 a share for a 6.88% yield.
BorgWarner Inc. (NYSE: BWA) boosted its quarterly dividend 4% to $0.13 a share for a yield approaching 1%.
Brunswick Corp. (NYSE: BC) hiked its quarterly dividend 25% to $0.125 a share for a 1.18% yield. Earlier this month, Brunswick announced the sale of its retail bowling business to Bowlmor AMF for $270 million so it can focus on its boating and fitness units.
Cross Timbers Royalty Trust (NYSE: COLB) raised its quarterly dividend 37.5% to $0.23 a share for an 8.24% yield.
D.R. Horton Inc. (NYSE: DHI) increased its quarterly dividend 66.7% to $0.062 a share for a 1.16% yield.
If you aren't a Money Morning Member, sign up now for free to see 23 more dividend stocks that raised payouts last week. You'll also get this report with three superior picks to help grow your dividend income: The Best Dividend Strategy for Building Fortune in a Low-Yield Era