3 stocks that have recently increased their dividends
Recent dividend increases by some companies have reignited investor confidence at a time when global markets are experiencing volatility and uncertainty related to economic developments and global events such as the US presidential election. Dividend increases usually signal a company's sound financial condition and commitment to long-term investors. Dividend stocks are often attractive to investors because they offer stable income even in turbulent periods.
Let's take a look at three companies that have decided to reward their shareholders with increased dividends, sending a clear signal of their financial stability and long-term plans.
Kimco Realty Corp.
Kimco Realty Corp. $KIM is one of the largest owners and operators of high-quality, open-air, food-oriented shopping centers and mixed-use properties in the U.S. As of September 30, Kimco owned interests in 567 properties that collectively occupy over 101 million square feet of leasable space.
On Oct. 31, the company announced a dividend increase of 4.2%which means that its quarterly dividend is now $0.25 per shareor $1 per share per year. This move brings the company's dividend yield to approximately 4,1 %. In recent years, Kimco has proven to increase its dividend regularly, which is a positive signal to investors about the company's stability. This year's increase in October 2023 marks the third consecutive year that Kimco has raised its annual dividend, and suggests that this trend could continue in 2024.
Realty Income Corp.
Another real estate investment company that recently increased its dividend is Realty Income Corp. $O, known as "The Monthly Dividend Company" due to its reputation as a reliable monthly dividend payer. Realty Income owns and manages more than 13,000 commercial properties with long-term leases and a broad footprint across a variety of industries.
Realty Income increased its dividend by 3,5 % and the new monthly dividend is $0.256 per share. This increase provides the company with an annual yield of approximately 5 %. The company has a long history of regular dividend payouts that appeal to investors seeking stable income. Realty Income is known in the market as one of the most stable companies that regularly increases dividends - the annual increase since 1994 is a strong testament to its financial health.
Exxon Mobil Corp.
Energy giant Exxon Mobil Corp. $XOM is one of the world's largest energy and petrochemical companies. The company's core business is the extraction, production, refining and sale of petroleum and petrochemical products worldwide.
On November 1, Exxon announced a 4.2% dividend increase, bringing the quarterly dividend to USD 0.99 per share. The annual dividend is 3.96 USD per share and the current dividend yield is 3,3 %. Exxon has been one of the leaders in dividend growth, increasing dividends to shareholders continuously for 42 years. As a result, Exxon has long been an attractive choice for investors seeking stable income and long-term capital growth.
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Source: Yahoo Finance.
