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Consumer Dividend Stocks Increasing Payouts

NEW YORK (TheStreet) -- J.M. Smucker (SJM), General Mills (GIS), Gannett (GCI) and Darden Restaurants (DRI) were among the consumer stocks to raise their dividends in recent weeks.

On July 25, J.M. Smucker announced a 9.1% increase to its quarterly dividend, paying shareholders 48 cents per share, up from 44 cents. The next dividend will be paid on Sept. 1 to shareholders of record on Aug. 12. That brings J.M. Smucker's yield to around 2.4%.


On July 18, media and publishing company Gannett said its board approved a 100% increase to its quarterly dividend, paying 8 cents per share, up from 4 cents. The higher payout will be available on Oct. 3 to shareholders of record on Sept. 9. That will bring Gannett's dividend yield to around 2.4%.

On June 30, Darden Restaurants, the operator of Red Lobster, Olive Garden and LongHorn Steakhouse restaurants, said it increased its dividend by 34.4% to 43 cents per share, up from 32 cents. The higher dividend will be paid on Aug. 1 to shareholders of record on July 11, bringing its yield to around 3.2%.


On June 28, General Mills increased its quarterly dividend to 30.5 cents per share, 8.9% higher than its prior payout of 28 cents per share. The next dividend will be paid on Aug. 1 to shareholders of record on July 11. That brings General Mills' yield to around 3.2%.

Not all consumer stocks have raised their diviends, but many maintained the cash they paid their shareholders recently.


Read on for More Dividend Increases.

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