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With few alternatives for yield-seeking investors, the appeal of stocks that pay dividends continues to grow.
Indeed, the yield on the 10-year U.S. Treasury note (a popular investment vehicle for income investors) slipped to 2.34% on Friday, its lowest close in 14 months. The bond's yield has fallen five out of the last six weeks.
Moreover, the 10-year note's current yield is a mere 0.3% higher than inflation's 12-month rate of about 2%.
That's prompted even risk-adverse investors to pile into dividend stocks. Dividend payers also offer additional benefits like the potential for rising distributions, capital appreciation prospects, and portfolio diversification.
Further, owning stocks that regularly boost dividends has historically been a good hedge against inflation, especially compared to bonds offering a fixed-income stream over the life of the bond, according to S&P Dow Jones Indices.
The good news for investors is that dividend hikes continue to be plentiful. Following are the 32 dividend enrichments announced during the week ending Aug. 15, 2014.
Dividend Stocks That Just Hiked Payouts
Badger Meter Inc. (NYSE: BMI) boosted its quarterly dividend a penny to $0.19 a share for a 1.48% yield.
Briggs & Stratton Corp. (NYSE: BGG) upped its quarterly payout 2.2% to $0.125 a share for a 2.44% yield.
Buckeye Partners LP (NYSE: BPL) beefed up its quarterly distribution 1.1% to $1.11 a share for a 5.87% yield.
CABCO Goldman Sachs Capital I, Floating Rate Callable Certificates (NYSE: GYB) raised its quarterly payout 7% to $0.20 a share for a 4% yield.
CBS Corp. (NYSE: CBS) increased its dividend $0.03 to $0.15 a share for a 1% yield.
CBS Corp. (Class A Shares; NYSE: CBS.A) raised its quarterly dividend $0.03 to $0.15 a share for a 1% yield.
Chemed Corp. (NYSE: CHE) boosted its quarterly dividend $0.02 to $0.22 a share for a yield approaching 1%. The Sept. 3 payout marks the 173rd consecutive quarterly dividend paid by the hospice and palliative care provider in its 43 years as a public company.
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