Top 10 stocks with highest dividend increase QoQ

Highlights

  • Advance Auto Parts Inc (NYSE: AAP) has a dividend yield of 2%. Its dividend increased by US$0.75 per share to US$1.00 in the June quarter.
  • Intercorp Financial Services Inc’s (NYSE: IFS) dividend yield is 3.47%. The dividend increased to US$0.77 per share QoQ in the second quarter this year.
  • Valmont Industries, Inc. (NYSE: VMI) has a dividend yield of 0.83%, and its annualized dividend is US$2.00.

Dividend stocks are known for their dividend payouts to shareholders. So, investors lookout for these stocks for regular income. While dividend aristocrats lead the group with their consistent dividend payments spanning many years, firms outside that group also pay generous dividends.

We discuss here 10 such companies that raised their dividend amount the highest compared to others quarter-over-quarter this year.  

ManpowerGroup (NYSE: MAN) 

Manpower works in the staffing industry. It offers HR outsourcing for temporary, permanent, and project-based staffing. The company is headquartered in Milwaukee, Wisconsin.

Its dividend yield is 2.11%, and its annualized dividend is US$2.52. In the June quarter, it paid US$1.26 compared to none in the quarter before.

The human resource company has a US$6.4 billion market capitalization, with a P/E of 25.57.

The revenue and net loss to common shareholders for June quarter 2021 were US$5.28 billion and US$111.6 million, respectively.

The stock closed at US$119.84 on Sep 9, while it grew 31.61% YTD.

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                                                             Source – pixabay

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Intercorp Financial Services Inc. (NYSE: IFS) 

Intercorp is a financial service company headquartered in Lima, Peru. Its market capitalization is US$2.5 billion. Its current dividend yield is 3.47%, and its annualized dividend is US$0.732. Its dividend increased to US$0.77 per share in Q2 compared to zero in the quarter before.

Its net interest and similar income for six months ended June 30, 2021, was (Peru national currency) soles 1.7 billion and net profit was soles 984 million.    

The stock price closed at US$21.32 on Sep 9. The stock fell 33.01% YTD.

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Advance Auto Parts Inc Advance Auto Parts Inc W/I (NYSE: AAP) 

AAP is a retailer of automotive tools and accessories in North America. The Raleigh, North Carolina-based company has a market capitalization of US$12.7 billion and a P/E of 21.59.

Its dividend increased by US$0.75 per share to US$1.00 QoQ in the June quarter from US$0.25 in the previous quarter. The dividend yield is 2%, and annualized dividend is US$4.00.

For the quarter ended July 17, 2021, its revenue was US$2.65 billion, and net income for common shareholders was US$178.7 million.

The stock closed at US$201.22 on Sep 9. Its YTD return is 27.71%.

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National Bankshares, Inc. (NASDAQ: NKSH) 

NKSH is the holding company of the National Bank of Blacksburg in Virginia. It provides banking and financial products and has a market capitalization of US$225 million.

It paid a dividend of US$0.70 per share in the June quarter this year compared to none in the quarter before. The revenue for the June quarter, 2021, was US$12.8 million, and net income was US$4.6 million. The stock’s closing price on Sep 9 was US$36.69, and it gained 17.12% YTD.

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Autoliv, Inc. (NYSE: ALV) 

Autoliv provides a passive safety system and components for automobiles. The Stockholm, Sweden-based company has a market capitalization of US$7.6 billion.

The dividend yield of the stock is 2.89%, and annualized dividend is US$2.48. It increased to US$0.62 per share in the September quarter this year. The total revenue was US$2 billion, and net income was US$104 million in the quarter ended June 30, 2021.

The stock fell 5.93% YTD. It closed at US$86.44 on Sep 9, 2021.

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Expeditors International of Washington, Inc. (NASDAQ: EXPD) 

The company provides non-asset-based third-party logistics. It is based in Seattle, Washington. The transportation company has a market capitalization of US$21.4 billion.

Its dividend per share increased to US$0.58 QoQ in the June quarter compared to none in the previous quarter of 2021. The stock has a current dividend yield of 0.94%, and annualized dividend of US$1.16.

For the second quarter ended June 30, its revenue was US$3.45 billion, and net income was US$316 million. The stock gained 32.67% YTD. It closed at US$123.45 on Sep 9, 2021.

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Innospec Inc. NASDAQ: IOSP) 

Innospec manufactures and markets fuel additives and chemicals. Based in Englewood, Colorado, the company has a market capitalization of US$2.22 billion.

The dividend yield for the stock is 1.25%, the annualized dividend is US$1.14, and the quarterly increase is US$0.57 per share. IOSP paid US$0.57 in the second quarter this year, compared to none in the first quarter of 2021.

For the June quarter of 2021, the revenue was US$355 million, and net income was US$22.4 million. The stock’s closing price was US$90.97 on Sep 9. The stock fell 0.64% YTD.

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EPR Properties (NYSE: EPR)

 EPR is a real estate investment trust and has a market capitalization of US$3.6 billion. It is based in Kansas, Missouri. Its dividend increased to US$0.56 per share in the June quarter. The stock has a current dividend yield of 5.89% and annualized dividend of US$3.00.

EPR’s revenue and net income were US$125 million and US$18.55 million, respectively, for the quarter ended June 30, 2021. The stock closed at US$49.22 on Sep 9 and grew 48.06% YTD.

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Source - pixabay

International Bancshares Corporation (NASDAQ: IBOC) 

The Laredo, Texas-based IBOC provides commercial and retail banking. Its market capitalization is US$2.58 billion. Its current dividend yield is 2.95%, and its annualized dividend is US$1.20. The dividend per share increased to US$0.55 this quarter.

Its revenue was US$196 million, and net income was US$92 million for the June quarter of 2021.

IBOC stock increased by 8.77% YTD. It closed at US$40.97 on Sep 9, 2021.

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Valmont Industries, Inc. (NYSE: VMI) 

Valmont produces fabricated metal products, poles, towers, steel, and irrigation system. Its market cap is US$5.2 billion, the dividend yield is 0.83%, and the annualized dividend is US$2.00.

Its QoQ dividend increase was US$0.55 per share to US$1.00, an increase from US$0.45 per share on a quarterly basis.

The company earned revenue of US$894.6 million and net income of US$62.11 million for the quarter ended June 26, 2021.

Its YTD return is 40.13%. The stock closed at US$241.75 on Sep 9.

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Bottomline 

Dividend-paying stocks generate passive income for investors. Investors typically invest in these stocks for regular income and help beat inflation. However, investors should carefully evaluate the companies before investing.

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