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Falling Treasury yields strengthen the case for buying stocks that pay dividends. Last Thursday the yield on the benchmark 10-year U.S. Treasury note hit 2.33% – a 15-month low – and the popular income vehicle ended the week at 2.34%.
Dividend-paying stocks not only offer attractive income options, but also provide the potential for capital appreciation.
And companies continue to show appreciation to shareholders via rising distributions. Annual dividends by S&P 500 companies are projected to grow 9.9% this year to a record $39.98 a share, up from $34.80 a share in 2013, according to data provider FactSet.
Regional banks dominated the 16 dividend boosts and sole special dividend declared last week. Following are the 17 stocks that pay dividends that hiked their payouts in the week ending Aug. 29.
Dividend-Paying Stocks That Just Hiked Payouts
American Strategic Income Portfolio Inc. III (NYSE: CSP) upped its monthly dividend 1.8% to $0.04 a share for a 6.62% yield.
Bank of Nova Scotia (NYSE: BNS) boosted its quarterly dividend 3.1% to $0.60 a share for a 3.66% yield.
Emerson Radio Corp. (NYSEMKT: MSM) declared a special $0.70 per share dividend payable on Sept. 30 to shareholders of record Sept. 12. Shares gained 25.8% to $2.01 on the news.
Escalade Inc. (Nasdaq: ESCA) increased its quarterly dividend a penny to $0.10 a share for a 2.77% yield.
First Connecticut Bancorp Inc. (NYSE: FBNK) fattened its quarterly dividend 25% to $0.05 a share for a 1.31% yield. "We are pleased to increase our dividend for the second consecutive quarter and reward our shareholders due to our continued positive earnings momentum," said Chief Executive Officer (CEO) John J. Patrick, Jr.
Goldman Sachs Group Securities STRATS Series 2006-2 (NYSE: GJS) goosed its monthly distribution 0.5% to $0.19 a share for a 1.32% yield.
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