NEW YORK (

TheStreet

) --

Philip Morris International

(PM) - Get Report

and insurance firms

Aflac

(AFL) - Get Report

and

Cincinnati Financial

(CINF) - Get Report

joined a roster of companies raising their shareholder payouts recently.

Cigarette maker Philip Morris said Friday its board agreed to raise its quarterly dividend by 10.3% to 64 cents per share. It will be payable Oct. 8 to shareholders of record on Sept. 24. That brings the stock's dividend yield to 4.7% as of midday Friday.

Insurance firm Aflac increased its quarterly dividend by 7.1% to 30 cents per share, for a dividend yield of 2.4% as of midday Friday. The new dividend will be paid Dec. 1 to shareholders of record on Nov. 17.

Cincinnati Financial, another insurance firm, upped its quarterly payout by 1.3% to 40 cents per share, to be paid Oct. 15 to shareholders of record on Sept. 22. That gives the stock a yield of 5.7% at current valuations.

Flexsteel Industries

(FLXS) - Get Report

, an Iowan manufacturer of residential, recreational vehicle and commercial upholstered and wooden furniture products, raised its quarterly dividend by 50% to 7.5 cents per share, for a new yield of 2%. The increased payout will be available Oct. 1 to shareholders of record on Sept. 20.

Real estate investment trust

Dynex Capital

(DX) - Get Report

, which invests in mortgage securities and loans on a leveraged basis, upped its dividend by 5.3% to 25 cents per share. Due to its participation feature, the Series D 9.5% cumulative convertible preferred stock will also receive 25 cents per share instead of the normal quarterly rate of 23.75 cents per share, Dynex said. Both the common and preferred dividends will be payable Oct. 29 to shareholders of record on Sept. 30. The current yield is 9.5%.

Brady

(BRC) - Get Report

, an identification solutions and security systems maker, raised its dividend by 2.9% to 18 cents per share. It will be paid Oct. 29 to shareholders of record on Oct. 8. That brings the stock's current yield to 2.7%.

Frisch's Restaurants

(FRS)

, the operator of family-style restaurants under the names Frisch's Big Boy and Golden Corral, upped its payout by 15.4% to 15 cents per share, for a current yield of 3%. The new payout will be available Oct. 8 to shareholders of record on Sept. 20.

>>Bankruptcy Watch: 20 Riskiest Restaurant Stocks

Cascade

(CASC)

, the manufacturer of load engagement devices for the lift truck industry, increased its quarterly payout by 50% to 10 cents per share, payable Oct.14 to shareholders of record as of Sept. 29. The stock's current yield is 1.3%.

Department store retailer

Stage Stores

(SSI) - Get Report

, which operates 750 stores in the U.S. under brands including Bealls, Goody's and Peebles, also upped its quarterly payout by 50% to 7.5 cents per share, its first dividend increase since 2006. It will be paid Sept. 22 to shareholders of record Sept. 7. Stage's current yield is 2.5%.

MGE Energy

(MGEE) - Get Report

, a utility stock engaged in generating, purchasing, transmitting, and distributing electricity, raised its quarterly dividend to 37.51 per share, up 1.8% from its prior payout and the firm's 35th annual dividend increase. It will be paid Sept. 15 to shareholders of record on Sept. 1. At current valuations the stock's yield is 3.9%.

Convenience store operator

Casey's General Stores

(CASY) - Get Report

upped its payout by 35% to 13.5 cents per share, for a current yield of 1.2%. The increased dividend will be paid Nov. 15 to shareholders of record on Nov. 1.

BancFirst

(BANF) - Get Report

, a regional bank, increased its dividend by 8.7% to 25 cents per share. It will be paid Oct. 15 to shareholders of record Sept. 30. At current valuations the stock's yield is 2.6%.

G&K Services

( GKSR), which sells uniforms and other branded apparel and paraphernalia to a range of industries from automotive and energy to pharmaceutical and food processing companies, upped its payout by 26.7% to 9.5 cents per share. It will be paid Sept. 30 to shareholders of record on Sept. 16. That brings the stock's yield to 1.8%.

Non-governmental shipyard operators

Todd Shipyards

( TOD) will pay its investors a dividend of 10 cents per share, up 25% from its prior payout. It will be available Dec. 23 to shareholders of record on Dec. 8. At current valuations the stock's yield is 2.6%.

First Capital

(FCAP) - Get Report

, a savings and loans bank, raised its payout by 5.6% to 19 cents per share, payable Sept. 30 to shareholders of record on Sept. 16. The increased payout brings the stock's current yield to 4.9%.

Lawson Products

(LAWS) - Get Report

, a manufacturer of abrasives, electrical tools and vehicle maintenance products, increased its quarterly dividend by 33.3% to 8 cents per share. It will be paid Oct. 12 to shareholders of record on Sept. 28. At current valuations the stock's yield is 2.3%.

Insurance company

Torchmark

(TMK)

raised its dividend by less than 1% to 16 cents per share. It will be paid Nov. 1 to shareholders of record on Oct. 2, bringing the stock's yield to 1.2%.

Starwood Property Trust

(STWD) - Get Report

, which invests in commercial mortgage loans and other commercial real estate debt investments, upped its payout by 32% to 33 cents per share. The increased dividend will be paid Oct. 15 to shareholders of record on Sept. 30. That brings the stock's current dividend yield to 6.7%.

-- Written by Miriam Marcus Reimer in New York.

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