4 Dividend Stocks Showing You the Money
Tue, 02/02/2010 - 11:41 by Rick Aristotle ...
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.
Let's take a closer look at some of the companies that inched their payouts higher this past week.
Let's start with Cintas (Nasdaq: CTAS). The leader in corporate uniform and other workroom staples upped its annual dividend from $0.47 a share to $0.48 a share. It may be just a penny, but Cintas has found a way to jack up its disbursements every year since going public in 1983.
Men's Wearhouse's (NYSE: MW) new quarterly payout is dressed to the nines. The suit and tuxedo retailer is increasing its distributions by 29% to $0.09 a share.
California Water Service Group (NYSE: CWT) is also flowing the right way. The Motley Fool Income Investor recommendation's new quarterly rate is $0.2975 a share. We may be splitting pennies here. The previous dividend was $0.295 a share. However, the water utility has now come through with 43 consecutive years of pumping up its shareholder distributions.
Finally we have Jinpan International (NYSE: JST) on the move. The maker of cast resin transformers is cranking up its semi-annual payout by 17%. Investors will now be receiving $0.07 a share every six months.
Some of these moves may not seem like much, but there are plenty of companies that haven't been able to support even their current dividends lately. Cherokee (Nasdaq: CHKE), Consolidated-Tomoka Land (NYSE: CTO), and Valero Energy (NYSE: VLO) all slashed their quarterly payouts.
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