A strong start to earnings season helped the S&P 500 Index inch higher over the last week. Several major businesses added to the positive sentiment with announcements of higher dividends.
6 notable dividend stocks increased their payouts over the last week. This included two midstream energy companies, a global manufacturer of home appliances, and a major regulated utility.
Here are 6 dividend stocks increasing payouts.
Southern Co (NYSE:SO) announced a 3% raise to its quarterly dividend, increasing it from 58 cents per share to 60 cents. Shareholders of record as of May 21 will receive their higher dividends from the regulated electric and gas utility on June 6 Therefore, SO shares will be ex-dividend on May 18.
SO Dividend Yield: 5.28%
Whirlpool Corporation (NYSE:WHR) raised its quarterly dividend by 5%, increasing it from $1.10 per share to $1.15. Shareholders of record as of May 18 will receive dividends from the seller of home appliances on June 15. As a result, the company’s shares trade ex-dividend on May 17.
WHR Dividend Yield: 3.08%
Top Energy Stocks To Own For 2019: Century Aluminum Company(CENX)
Advisors' Opinion:- [By Dan Caplinger]
The stock market soared on Thursday, with the Dow Jones Industrial Average climbing nearly 400 points and other major benchmarks following suit with solid gains. The big news that investors took positively was the decision by the U.S. and China to hold a new round of trade talks. Those watching the trade conflict believe that the move signals a potential lessening of tensions that could even result in a long-term solution for the two trading partners. Some stocks benefited from the prospects of better relations with China, but others rose due to good news of their own. Symantec (NASDAQ:SYMC), Teva Pharmaceutical Industries (NYSE:TEVA), and Century Aluminum (NASDAQ:CENX) were among the best performers on the day. Here's why they did so well.
- [By Shane Hupp]
Century Aluminum Co (NASDAQ:CENX)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $13.98, but opened at $13.00. Century Aluminum shares last traded at $12.78, with a volume of 64792 shares trading hands.
- [By D.R. Barton, Jr.]
According to industry leaders, including Century Aluminum Co. (Nasdaq: CENX) CEO Michael Bless, many of those jobs will be in jeopardy with the new taxes. And then there's the reciprocal tariff reactions from other nations that would definitely hit the billions of dollars' worth of U.S. agricultural exports with further jobs in jeopardy.
- [By ]
You can see why Century Aluminum (Nasdaq: CENX) commended the President for "acting swiftly and boldly to save the American aluminum industry." The company intends to ramp up operations at its smelter in Hawesville, Kentucky, putting 300 people back to work. In Illinois, US Steel (NYSE: X) is restarting a blast furnace that will employ at least 500 new workers.
- [By Matthew DiLallo]
Earlier this month, the price of aluminum spiked after the U.S. government slapped sanctions on Rusal, the second-largest supplier of aluminum to the U.S. and Canada. That news sent the stocks of U.S. aluminum producers like Alcoa and Century Aluminum (NASDAQ:CENX) soaring on the belief that they'd profit from the higher prices that would likely result from the sanctions.
Top Energy Stocks To Own For 2019: Towne Bank(TOWN)
Advisors' Opinion:- [By Shane Hupp]
Shares of TowneBank (NASDAQ:TOWN) have received an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $34.00.
- [By Ethan Ryder]
TowneBank (NASDAQ:TOWN) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
- [By Max Byerly]
TowneBank (NASDAQ:TOWN) is scheduled to announce its earnings results before the market opens on Wednesday, July 25th. Analysts expect TowneBank to post earnings of $0.50 per share for the quarter.
Top Energy Stocks To Own For 2019: Viking Therapeutics, Inc.(VKTX)
Advisors' Opinion:- [By Motley Fool Transcribing]
Viking Therapeutics (NASDAQ:VKTX) Q4 2018 Earnings Conference CallMarch 13, 2019 4:30 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Shane Hupp]
Sio Capital Management LLC lifted its position in shares of Viking Therapeutics Inc (NASDAQ:VKTX) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,276,845 shares of the biotechnology company’s stock after purchasing an additional 26,595 shares during the quarter. Viking Therapeutics makes up about 3.4% of Sio Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Sio Capital Management LLC owned 2.51% of Viking Therapeutics worth $5,580,000 at the end of the most recent reporting period.
- [By Maxx Chatsko]
Shares of development-stage biopharma Viking Therapeutics (NASDAQ:VKTX) jumped nearly 15% today because, well, that's become the new normal for the stock lately. Investors have been quick to hand the company a higher market cap since late May following two positive events concerning a high-priority research area of its pipeline. There's a catch, though: Both of those news items have been external developments, not involving the company directly.
- [By Lisa Levin] Gainers Madrigal Pharmaceuticals, Inc. (NASDAQ: MDGL) shares surged 144.96 percent to close at $265.61 on Thursday in reaction to an encouraging Phase 2 clinical trial update. The clinical-stage biopharmaceutical company said its liver-directed, thyroid hormone receptor called MGL-3196 showed a statistical significance in the primary endpoint of lowering liver fat at 12 weeks and also 36 weeks. Viking Therapeutics, Inc. (NASDAQ: VKTX) shares rose 101.01 percent to close at $9.99 on Thursday after falling 4.42 percent on Wednesday. Akers Biosciences, Inc. (NASDAQ: AKER) jumped 45.58 percent to close at $0.474. The developer of rapid health information technologies said Wednesday afternoon it was granted a 180-day extension from the Nasdaq Stock Market to meet the requirement of a minimum $1.00 per share closing bid price for 10 straight days. Kitov Pharma Ltd (NASDAQ: KTOV) gained 40.93 percent to close at $3.03 after the FDA approved Kitov's Consensi for the treatment of osteoarthritis pain and hypertension. China Customer Relations Centers, Inc. (NASDAQ: CCRC) rose 28.21 percent to close at $19.86. J.Jill, Inc. (NYSE: JILL) climbed 26.45 percent to close at $7.84 after the company posted upbeat quarterly earnings. Curis, Inc. (NASDAQ: CRIS) shares climbed 21.93 percent to close at $2.78 in reaction to an encouraging FDA update. The biotechnology company that focuses on therapies for the treatment of cancer said the FDA granted a Fast Track designation for fimepinostat (CUDC-907) in patients with relapsed or refractory. Boxlight Corporation (NASDAQ: BOXL) gained 21.23 percent to close at $7.48. Kirkland's, Inc. (NASDAQ: KIRK) rose 16.21 percent to close at $12.83 after reporting upbeat Q1 results. The Brink's Company (NYSE: BCO) jumped 16.2 percent to close at $79.25 as the company announced plans to acquire Dunbar Armored for $520 million in cash. Applied Optoelectronics, Inc. (NASDAQ: AAOI) rose 15.14 percent to c
- [By Keith Speights]
Three of the biggest winners this week were Viking Therapeutics (NASDAQ:VKTX), Acadia Pharmaceuticals (NASDAQ:ACAD), and Corbus Pharmaceuticals (NASDAQ:CRBP). What drove these biotech stocks higher -- and are they buys now?
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