This year, many corporations announced significant dividend increases just as the market began to recover. Dividend companies such as AbbVie and Medtronic plc are regarded solid investment options for people seeking a steady income stream during difficult economic times. With the market and economic status of firms continuously improving, it’s unsurprising that dividend increases and remarkable raises of at least 100% are being declared on a regular basis. According to the S&P Dow Jones Indices, $522 billion in dividends were paid out this year.
Insider Monkey’s takes a look at the 10 dividend stocks that have doubled their payouts. Geopark Ltd is involved in the exploration and production of oil and gas deposits in Chile, Colombia, Brazil, Argentina, Peru, and Ecuador. It quadrupled its quarterly dividend payout in August, and its yield is at 1.4 percent as of November. Advance Vehicle Parts, Inc. is a company that sells auto parts, accessories, batteries, and maintenance supplies. This year, the company increased its dividend by 300 percent, bringing the yield to 1.8 percent as of November. United Microelectronics Corporation manufactures semiconductor wafers. Circuit design, mask tooling, wafer fabrication, and assembly and testing are among the services provided by the company. The corporation increased its payout by 110 percent in July. SLM Corp is a consumer finance company that provides private education loans and services. This year, the company increased its dividend by 267 percent, bringing the yield to 2.5 percent as of November. It made $357.52 million in revenue, which was $14.99 million more than expected. Trinseo S.A. is a materials manufacturing firm with a global presence. It specializes in the production of plastics, latex, and synthetic rubber. This year, the company increased its dividend by 300 percent, bringing the yield to 2.6 percent as of November. For more details, click 10 Dividend Stocks That Have Doubled Their Payouts.
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