These 20 Dividend-Paying Stocks Just Raised Their Payouts By Diane Alter

Last week's Dow Jones Industrial Average performance is yet another reason to buy dividend-paying stocks. Market volatility moved the index nearly 1,000 points. Ned Davis Research shows that stocks that pay dividends tend to fall less than broader markets during corrections. The post These 20 Dividend-Paying Stocks Just Raised Their Payouts appeared first on Money Morning - Only the News You Can Profit From .

Last week's Dow Jones Industrial Average performance is yet another reason to buy dividend-paying stocks. Market volatility moved the index nearly 1,000 points.

Ned Davis Research shows that stocks that pay dividends tend to fall less than broader markets during corrections.

dividend paying stocks

Plus you can dramatically increase returns from compounded interest from dividends. A whopping 97% of stock market returns from 1926 to 2008 came from reinvesting dividends, according to Wharton School professor of finance and author Jeremy Siegel.

Last week, 18 companies, including Kraft Foods Group Inc. (Nasdaq: KRFT), increased dividends. Two announced special dividends. Here's a roundup of the 20 enrichments for the week of Oct. 6.

Dividend Stocks That Just Boosted Payouts

Cal-Maine Foods Inc. (Nasdaq: CALM) announced a 2-for-1 stock dividend payable Oct. 31 to shareholders of record Oct. 17. "We believe the Board's action to implement a stock split reflects its confidence in Cal-Maine Foods' prospects for further growth," said Dolph Baker, the egg processor's chairman, president, and chief executive officer, in a statement. "We expect the stock split will expand the distribution and enhance the market liquidity of the Company's shares and serve to benefit both our current and future shareholders."

Capitala Finance Corp. (Nasdaq: CPTA) increased its dividend 0.01% to $0.1567 a share for a 10.57% yield.

First Trust Income & Growth Fund (NYSEMKT: FEN) fattened its quarterly dividend 0.9% to $0.545 a share for a 6.52% yield.

Genesis Energy LP (NYSE: GEL) goosed its quarterly dividend 2.7% to $0.58 a share for a 4.82% yield.

Kraft Foods Group Inc. (Nasdaq: KRFT) raised its dividend 4.8% to $0.55 a share for a yield just shy of 4%. The boost represents an annual dividend of $2.20 per share, up from $2.10.

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MainStay Defined Term Municipal Opportunities Fund (NYSE: MMD) boosted its monthly dividend 1% to $0.098 per share for a 6.54% yield.

MV Oil Trust (NYSE: MVO) upped its quarterly payout 13.3% to $0.985 a share for an 18.92% yield.

Neuberger Berman Intermediate Municipal Fund Inc. (NYSE: NBH) increased its monthly distribution 7.1% to $0.075 a share for a 5.9% yield.

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSE: NRO) hiked its monthly payout 50% to $0.03 a share for a near 5% yield.

Nordic American Tanker Ltd. (NYSE: NAT) raised its quarterly dividend a penny to $0.14 a share for a 7.7% yield. The Bermuda-based company credited a strong tanker market in Q2 for the hike. The Nov. 5 dividend will mark NAT's 69th consecutive quarter of paying dividends.

Northwest Natural Gas Co. (NYSE: NWN) increased its quarterly payout 1.1% to $0.465 a share for a 4.26% year. NWN has been increasing its dividend without interruption for 59 straight years.

Nuveen Investment Quality Municipal Fund Inc. (NYSE: NQM) boosted its monthly payout 2.5% to $0.082 a share for a 6.71% yield.

Pall Corp. (NYSE: PLL) hiked its quarterly dividend 11% to $0.30 a share for a 1.34% yield.

Plains All American Pipeline LP (NYSE: PAA) juiced its quarterly payout 2.3% to $0.66 a share for a 4.83% yield. Once the November distribution is paid, PAA will have increased its quarterly disbursement in 40 of the past 42 quarters and consecutively in each of the past 21 quarters.

Plains GP Holdings LP (NYSE: PAGP) upped its quarterly distribution 4% to $0.19 a share for a 2.9% yield. The hike represents an increase of 28% over the initial quarterly distribution rate of $0.14904 per share and an increase of 4% over the quarterly distribution of $0.1834 per share paid in August 2014.

PolyOne Corp. (NYSE: POL) hiked its quarterly dividend 25% to $0.10 a share for a 1.24% yield. "We have increased our annual dividend 250% since we initiated it in 2011," the company said. "This reflects the rapid pace at which we have strengthened our financial performance, and underscores the confidence we have in our ability to continue to achieve accelerated earnings expansion into 2015 and beyond."

RPM International Inc. (NYSE: RPM) raised its quarterly dividend $0.02 to $0.28 a share for a 2.33% yield. The 8.3% increase marks RPM's 41st consecutive dividend boost and places RPM in an elite category of less than half of 1% of all 19,000 publicly traded U.S. companies. Only 46 other companies have consecutively paid an increasing annual dividend for this period of time or longer, according to the 2014 summer edition of the Mergent Handbook of Dividend Achievers.

Tallgrass Energy Partners LP (NYSE: TEP) boosted its quarterly payout $0.03 to $0.41 a share for a 4% yield.

Thor Industries Inc. (NYSE: THO) upped its quarterly dividend $0.04 to $0.27 a share for a 2.14% yield. The hike marks THOR's fifth consecutive annual dividend boost.

Syntel Inc. (Nasdaq: SYNT) declared a 2-for-1 stock dividend payable Nov. 3 to shareholders of record Oct. 20. "Syntel's Board has approved this plan to help expand the market liquidity for the company's shares and to broaden its shareholder base," the company said. "At the same time, we remain committed to building shareholder value through a long-term focus on our customers and on financial and operational excellence."

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