There were a lot of companies announcing earnings over the past few weeks. Along with these earnings announcements, a couple of blue chip dividend stocks have recently decided to increase their dividends. This is good for investors that are looking to make some income in a choppy market. Giving more cash to shareholders is a good strategy for attracting new investors. Here are 4 blue chip companies that are increasing their dividends
H.J. Heinz (HNZ) continues to prove that there is a ton of dough in the condiment industry. The world’s largest ketchup maker recently upped its dividend 6.7% to $1.92 per share. Heinz now sports a solid dividend yield of 3.5%. The news wasn’t all good for Heinz however as the company announced that it will be laying off 3% of its workforce.
Molson Coors Brewing (TAP) is turning on the tap by giving investors a dividend boost. Molson Coors increased its payout to $1.28 per share annually. The beer distributor has seen its yield increase to 2.75%.
I still wouldn’t call UnitedHealth Group Incorporated (UNH) a good dividend stock but the company sis finally repaying its shareholders. The stock has suffered over the years from mismanagement and scandals. UNH increased its dividend 30% to 65 cents per share yearly. The yield is just 1.3% but it is a step in the right direction.
John Deere (DE) increased its dividend 17% for a total payout of $1.64 per share for the year. The company is famous for its lawn equipment, tractors, and agricultural equipment. Deere is now yielding 1.9%.