Start the conversation
Amid six years of near-zero interest rates, income-hungry investors have increasingly turned to dividend-paying stocks.
Companies have taken note by sweetening distributions. This year is on track to set a milestone for total dividend payouts.
"Given the number of those issuers which have a history of fourth-quarter dividend increases, 2014 should post another double-digit gain," said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, in a statement. He added a record payment could "easily" be reached this year.
25 Dividend-Paying Stocks That Just Hiked Payouts
AXIS Capital Holdings Ltd. (NYSE: AXS) raised its quarterly payout $0.02 to $0.29 a share for a 2.36% yield.
Abbott Laboratories (NYSE: ABT) hiked its quarterly dividend 9% to $0.24 per share for a 2.2% yield. The increase mark the 43rd consecutive year the global healthcare company has increased its dividend payout. Abbott is a member of the elite S&P 500 Dividend Aristocrats Index, which tracks companies that have increased their annual dividend for 25 consecutive years. Abbott's Feb. 13 payment will be its 364th consecutive quarterly dividend paid since 1924.
Bristol-Myers Squibb Co. (NYSE: BMY) boosted its quarterly payout 2.8% to $0.38 a share for a 2.52% yield. BMY has been increasing its dividend annually for the last four years.BioMed Realty Trust Inc. (NYSE: BMR) increased its quarterly payout a penny to $0.26 a share for a 4.88% yield.
CoreSite Realty Corp. (NYSE: COR) hiked its quarterly dividend $0.07 to $0.42 a share for a 4.38% yield.
Douglas Emmett Inc. (NYSE: DEI) raised its quarterly payout 5% to $0.21 a share for a 3% yield.
Edison International (NYSE: EIX) increased its quarterly payout 17.6% to $0.417 a share for a 2.6% yield. "With this action today, we are taking a meaningful step to return Edison International's common stock dividend to the target payout ratio of 45% to 55% of the earnings of Southern California Edison," said Ted Carver, chairman and chief executive officer.
If you aren't a Money Morning Member, sign up now for free to see 18 more dividend-paying stocks 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