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Automatic Data Processing Leads 7 Dividend Stocks Boosting Payouts

Brian Bollinger, Simply Safe Dividends

Growing uncertainty over U.S. tax reform caused the S&P 500 Index to take a breather last week. However, third-quarter earnings reports were generally solid, and a number of dividend stocks announced more good news in the form of payout raises.

Automatic Data Processing Leads 7 Dividend Stocks Boosting Payouts

Seven notable dividend stocks increased their payouts over the last week, including three real estate investment trusts, two software companies and a global industrial manufacturer.

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Here are seven dividend stocks increasing payouts.

Automatic Data Processing (NASDAQ:ADP) grew its quarterly dividend from 57-cents-per-share to 63 cents, representing a raise of 11%. The provider of payroll services and human resource management software will pay out its higher dividends to shareholders of record as of Dec. 8 on Jan. 1. ADP shares trade ex-dividend on Dec. 7.
ADP Dividend Yield: 2.25%

Emerson Electric Co. (NYSE:EMR) raised its quarterly dividend by 1%, increasing it from 48-cents-per-share to 48.5 cents. The diversified industrial manufacturer will send its higher dividend to shareholders of record as of Nov. 17 on Dec. 11. EMR shares will trade ex-dividend on Nov. 16.
EMR Dividend Yield: 3.17%

Hewlett Packard Enterprise Co (NYSE:HPE) increased its quarterly dividend by 15% to 7.5-cents-per-share from 6.5 cents. Shareholders of record as of Dec. 13 will receive dividends from the provider of technology infrastructure and software on Jan. 3. The company’s shares trade ex-dividend on Dec. 12.
HPE Dividend Yield: 2.18%

Weyerhaeuser Co (NYSE:WY) announced a 3% increase to its quarterly dividend, raising it from 31-cents-per-share to 32 cents. Dividends will be paid from the timber real estate investment trust on Dec. 15 to shareholders of record as of Dec. 1. WY shares become ex-dividend on Nov. 30.
WY Dividend Yield: 3.40%



National Storage Affiliates Trust (NYSE:NSA) increased its quarterly dividend by 8%, raising its payment to 28-cents-per-share from 26 cents. Shareholders of record as of Dec. 15 will receive their higher dividends on Dec. 29 from the self-storage real estate investment trust. NSA shares will be ex-dividend on Dec. 14.
NSA Dividend Yield: 4.01%

Ladder Capital Corp (NYSE:LADR) announced a 5% increase to its quarterly dividend, raising it from 30-cents-per-share to 31.5 cents. Dividends will be paid from the mortgage real estate investment trust on Jan. 3 to shareholders of record as of Dec. 11. LADR shares become ex-dividend on Dec. 8.
LADR Dividend Yield: 9.24%

Pattern Energy Group Inc (NASDAQ:PEGI) increased its quarterly dividend by 1%, raising its payment to 42.2-cents-per-share from 42 cents. Shareholders of record as of Dec. 29 will receive dividends from the wind-focused power producer on Jan. 31. The company’s shares trade ex-dividend on Dec. 28.
PEGI Dividend Yield: 7.99%

As of this writing, Brian Bollinger was long Emerson Electric and Automatic Data Processing.

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