In the S&P 500 Index had another volatile trading week last week as investors tried to get clarity on the probability of long global trade war. Stocks ultimately finished the week lower, but several companies have announced higher dividends.
Four notable dividend stocks increased their payouts over the past week, including a major consumer retailer, a major technology hardware provider and regional Bank.
Here are four stock dividend increase in pay.
The Stock Dividend Increase The Payout
In TJX companies Inc (Ticker NYSE:TJX) increased quarterly dividend by 25%, increasing the payment to 39 cents a share from 31.25 cents. The composition of shareholders as at 17 may will receive dividends from the off-price apparel and home fashion retailers on June 7. The company’s shares trade dividend on may 16.
TJX Dividend yield: 1.9%
Hewlett-Packard enterprise Co. (Ticker NYSE:UPR) announced a 50% increase in the quarterly dividend, raising it from 7.5 cents per share to 11.25 cents. Dividends will be paid from the manufacturer server and storage solutions on July 4 to shareholders of record as of June 13. Shares VPO trade dividend on June 12.
VPO Dividend yield: 2.6%
UniFirst Corp (Ticker NYSE:UNF) has increased the quarterly dividend from 3.75 cents per share to 11.25 cents, representing a hefty raise by 200%. Supplier of workplace uniforms will pay its highest dividends to shareholders of record as of June 8 to June 29. UNF shares ex-dividend on 7 June.
UNF Dividend yield: 0.3%
Bank of the Ozarks Inc (Nasdaq:OZRK) boosted its quarterly dividend by 3%, raising the payment to 19.5 cents a share from 19 cents. The composition of shareholders as of April 13 will receive a higher dividend on 20 April from the regional Bank. OZRK stock dividend will be 12 April.
OZRK Dividend yield: 1.7%
At the time of this writing, Brian Bollinger is long TJX.
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