BALTIMORE (Stockpickr) -- Another large batch of companies announced increases in their dividend payouts last week, marking the third consecutive week that firms have alerted Wall Street to bigger yields en masse.
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Unpleasant though it may be, garbage is profitable. At least that's the picture being painted by Republic Services ( RSG - Get Report), a $12 billion waste management firm. Republic increased its quarterly dividend 5.3% last week, bringing its payout to shareholders 20 cents per share. That ups the company's yield to 2.39% at current price levels.
2010 has been a strong year for rail transportation company Norfolk Southern ( NSC - Get Report). The company has seen shares appreciate more than 10% since January, while major indexes such as the S&P 500 continue to flop around break-even. But shareholders aren't just banking on capital gains -- management announced a 5.9% dividend increase last week, bringing the company's total payout to 36 cents per share.
|Who Owns Norfolk Southern?|
It's been an interesting couple of years for the semiconductor industry, as low demand and high inventories took a tremendous toll on chip sales. Now though, with revenues starting to tick back up, Maxim Integrated Products ( MXIM - Get Report) is one semiconductor firm that's taking care of shareholders who held on, increasing its payout 5% to 21 cents per share.
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