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The profusion of dividend-paying stocks that have increased payouts over the last several weeks reflects a robust second-quarter earnings season.
Indeed, companies in the S&P 500 Index turned in 10.3% earnings growth in Q2 – the highest advance since 2011's third quarter, according to S&P Capital IQ.
Full-year profit growth for the broad-based benchmark is currently forecast to come in at 8%, up from estimates of 7.5% in July. Furthermore, full-year earnings per share expectations of $118.39 would mark an all-time record for the index.
That bodes well for investors hoping for more dividend hikes. Last week Microsoft Corp. (Nasdaq: MSFT), McDonald's Corp. (NYSE: MCD), and 22 other dividend stocks hiked payouts.
Here's the full list of dividend enrichments announced during the week ending Sept. 19.
Dividend-Paying Stocks That Just Boosted Payouts
Apollo Residential Mortgage Inc. (Nasdaq: AMTG) upped its quarterly dividend $0.02 to $0.44 a share for a 10.72% yield.
Artesian Resources Corp. (Nasdaq: ARTNA) hiked its quarterly dividend 1.5% to $0.2151 a share for a 4.25% yield.
Blackstone Mortgage Trust Inc. (NYSE: BXMT) boosted its quarterly dividend $0.02 to $0.50 a share for a 7.2% yield.
Covanta Holding Corp. (NYSE: CVA) raised its quarterly dividend $0.06 to $0.25 a share for a 4.66% yield.
Covidien Plc. (NYSE: COV) increased its quarterly dividend $0.04 to $0.36 a share for a 1.6% yield.
Eaton Vance Floating-Rate Income Plus Fund (NYSE: EFF) boosted its monthly dividend 1.1% to $0.094 a share for a 6.38% yield.
Eaton Vance Senior Floating-Rate Trust (NYSE: EFR) hiked its monthly payout 2.7% to $0.074 a share for a 6.39% yield.
Eaton Vance Floating-Rate Income Trust (NYSE: EFT) increased it monthly dividend 2.8% to $0.074 a share for a 6.05% yield.
The First of Long Island Corp. (Nasdaq: FLIC) boosted its quarterly dividend $0.02 to $0.28 a share for a 3.06% yield.
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