BALTIMORE ( Stockpickr) -- Dividend yields continue to creep up in the second half of 2010, spurred on by strong earnings performance (and subsequent dividend increases) and equity prices that are under siege.
|More on Dividend Stocks|
The sole exception to the slew of small-cap stocks that raised dividends was Altria ( MO), the $47.5 billion tobacco giant. Altria announced an 8.6% dividend increase last week, raising its quarterly payouts to 38 cents per share -- a generous 6.7% yield right now.
The yields may not be as high at uniform rental firm G&K Services ( GKSR), but the company's working to change that. Last week, G&K's management announced a 26.7% dividend increase, upping its payouts to 9.5 cents per quarter. That gives the company a 1.81% yield at current price levels.
Restaurateur Bob Evans Farms ( BOBE) was another company that hiked its dividend payouts last week. The company increased its payouts from 18 cents to 20 cents per quarter, an 11.1% increase. That's actually a pretty substantial dividend payout for a restaurant chain. With a yield of 2.96%, Bob Evans' payout to shareholders is actually nearly double the dividend yield averaged by the rest of the industry.
Twitter and become a fan on Facebook. At the time of publication, author had no positions in stocks mentioned. Jonas Elmerraji, based out of Baltimore, is the editor and portfolio manager of the Rhino Stock Report, a free investment advisory that returned 15% in 2008. He is a contributor to numerous financial outlets, including Forbes and Investopedia , and has been featured in Investor's Business Daily , in Consumer's Digest and on MSNBC.com.