The S&P 500 Index rallied to achieve a brand new all-time high last week to shut out another solid quarter of gains. Investors anticipate another solid earnings year this quarter, and also the latest U.S. tax plan proposition additionally generated optimism. A small number of companies added to the positive sentiment with payout raises.
Four noteworthy dividend stocks increased their payouts during the previous week, including a significant credit card company, an industrial conglomerate, along with also a large aerospace and defense business.
Which Are High Dividend Stocks?
I normally classify any stock with a dividend yield in excess of 4 percent because being a “high dividend stock.” Why 4 percent? The graph below reveals the U.S. stock market’s dividend yield since 1871.You may see that the stock market’s dividend yield has remained well under 4 percent for almost all of the previous 25 years. In today’s age of record-low interest rates, a 4 percent dividend yield is relatively high.
Here are just four dividend stocks increasing payouts.
American Express Company (NYSE: AXP) increased its quarterly dividend by 9 percent to 35 cents per share from 32 cents. Shareholders of record as of Oct. 6 will receive dividends from your credit card provider on Nov. 10. The corporation’s shares trade ex-dividend on Oct. 5.
AXP Dividend Yield: 1.6 percent
(NYSE: HON) raised its quarterly dividend by 12%, increasing it to 66.5 cents per share to 74.5 pennies. The diversified industrial manufacturer will deliver its higher dividend to shareholders of record as of Nov. 17 on Dec. 8. HON stocks will exchange ex-dividend on Nov. 16.
HON Dividend Yield: 2.1 percent
Shareholders of record as of Dec. 1 will receive their higher dividends on Dec. 29 in the international aerospace and defense firm. LMT stocks will likely be ex-dividend on Nov. 30.
LMT Dividend Yield: 2.6 percent
Shareholders of record as of Oct. 10 will receive dividends from your provider of utility services for electricity and natural gas on Oct. 30. The corporation’s shares trade ex-dividend on Oct. 9.
OGE Dividend Yield: 3.7 percent