Not every company is slashing its dividend these days.
Some of the market's better performers are easing up on their
purse strings, sending more money out to their
shareholders.
Readers of the
Motley Fool Income Investor
newsletter can certainly appreciate that kind of
thinking. Let's take a closer look at some of the companies
that inched their payouts higher this past week.
We'll start with
Eaton Vance (NYSE: EV). The investment
management firm is upgrading its quarterly dividend by 3% to
$0.16 a share. Eaton Vance's mutual funds may go up and down,
but not its disbursements. The firm has steadily boosted its
yield for 29 consecutive years.
Visa (NYSE: VISA) is also charging higher.
Its new quarterly payout of $0.125 a share is 19% more than
its previous rate. The credit card giant went public last
year, so hopefully this is the start of an annual rite.
Peabody Energy (NYSE: BTU) is also on the
move. The world's largest private-sector coal company is
increasing its quarterly distributions by 17% to $0.07 a
share. This is the fifth time that Peabody has propped up its
dividend since going public in 2001.
Finally, we have
Travelers (NYSE: TRV) moving on to higher
ground. The insurer is rewarding its investors after
delivering better-than-expected quarterly results last week.
Travelers will now send its shareholders $0.33 a share every
three months, a 10% hike from its previous rate.
Some of these moves may not seem like much, but consider
the insurers and financial services companies that have
slashed -- or completely eliminated -- their quarterly
disbursements.
Bank of America (NYSE: BAC) is now
distributing a
token $0.01 a shareevery quarter, while
Citigroup (NYSE: C) did away with even that
single-penny payout earlier this year.Â
Subscribers to the
Income Investor
newsletter can appreciate the companies sending more and
more money to their investors. The newsletter singles out
businesses that are committed to growing their distributions,
with market-thumping results.
Want to see what is being recommended these days? Go ahead
and give the newsletter service a shot with a
30-day trial subscription. Who knows? Maybe the next
thing that will get hiked will be your interest.
This article was originally published as
4 Dividend Stocks Showing You the Moneyon
Fool.com
Copyright © 2009 The Motley Fool, LLC. All rights
reserved.
|