Start the conversation
Stocks that pay dividends are once again ramping up payout increases and special enrichments.
They never disappeared this year, but dividend enhancements did slow to a trickle over the past couple of weeks.
But last week dividend improvements flooded Wall Street. A whopping 75 companies increased payouts, including Visa Inc. (NYSE: V), AbbVie Inc. (NYSE: ABBV), and Halliburton Co. (NYSE: HAL). In addition, five companies announced special dividends and three declared stock dividends.
Following are 35 notable dividend enrichments announced during the week ending Oct. 25.
35 Stocks That Pay Dividends That Just Boosted Payouts
AbbVie Inc. (NYSE: ABBV) upped its quarterly dividend $0.07 to $0.49 a share for a 3.25% yield. The dividend hike came after the pharmaceutical products maker called off its $55 billion deal to buy Shire Plc. (Nasdaq ADR: SHPG).
American Electric Power Co. Inc. (NYSE: AEP) increased its quarterly dividend $0.03 to $0.53 a share for a 3.75% yield. The company has been paying dividends for the past 418 consecutive quarters, with hikes announced at regular intervals. The last increase was in October 2013.
Brown & Brown Inc. (NYSE: BRO) boosted its quarterly dividend a penny to $0.11 a share for a 1.4% yield.
Carolina Financial Corp. (Nasdaq: CARO) sweetened its quarterly payout 20% to $0.03 per share for a near 1% yield. The Charleston, S.C.-based bank also declared at 2-for-1 stock dividend effective Nov. 14.
Cintas Corp. (Nasdaq: CTAS) increased its quarterly dividend 10.4% to $0.85 a share for a 1.19% yield. The Cincinnati-based company also announced a $0.85 per share special dividend payable on Dec. 5 to shareholders of record Nov. 7.
Dynagas LNG Partners LP (Nasdaq: DLNG) raised its quarterly dividend 6.8% to $0.39 a share for a 7.07% yield.
Evercore Partners Inc. (NYSE: EVR) increased its quarterly payout $0.03 to $0.28 a share for a 2.23% yield.
Equinix Inc. (Nasdaq: EQIX) announced a hefty $7.57 per share special dividend payable on Nov. 25 to shareholders of record Oct. 27. The move comes as the data services provider moves ahead with plans to convert to a real estate investment trust (REIT).
If you aren't a Money Morning Member, sign up now for free to see 27 more stocks that pay dividends that just raised payouts. You'll also get this dividend investing report with three superior picks to help grow your income: The Best Dividend Strategy for Building Fortune in a Low-Yield Era