This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Consumer Dividend Stocks Increasing Payouts


NEW YORK ( TheStreet) -- Brinker International (EAT), News Corp. (NWSA), Altria Group (MO) and HerbaLife (HLF) were among the consumer stocks to raise their dividends in recent weeks.

On Monday, Brinker International, the parent company of Chili's Grill & Bar and Maggiano's Little Italy restaurants, said its board of directors approved a 14.3% increase to its quarterly dividend. It will pay 16 cents a share on Sept. 29 to shareholders of record as of Sept. 9. That brings Brinker's yield to around 2.8% going forward.


Cigarette maker Altria Group said Friday it would increase its regular quarterly dividend by 7.9% to 41 cents per share, payable on Oct. 11 to holders of record on Sept. 15. That will bring Altria's yield to around 6.1%.

On Aug. 16, restaurateur Bob Evans Farms (BOBE) raised its quarterly payout by 25% to 25 cents per share. The company also posted a 42% spike in quarterly profits on lower wage costs. Bob Evans' higher dividend will be paid on Sept. 19 to shareholders of record on Sept. 6, bringing its yield to around 3.1%.

Earlier this month on Aug. 10 media company News Corp. said it would pay holders of its Class A and Class B shares 9.5 cents per share on Oct. 19, reflecting an ordinary dividend of 8.5 cents and an incremental penny per share based on its fiscal 2011 financial results. That brings News Corp.'s yield to around 1.2% going forward.


Scotts Miracle-Gro (SMG), the maker of lawn and garden care products, said Aug. 8 it increased its dividend by 20% to 30 cents per share. The higher dividend will be paid on Sept. 9 to shareholders of record on Aug. 26. Scotts' yield is now around 2.5%.


1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7870 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs