In the second quarter, 444 American companies increased their dividends, while only 21 scaled things back. It's hard to keep track of 444 companies, so I've highlighted two stocks that will help you diversify your portfolio and take advantage of this dividend trend.
Global engine manufacturer Cummins (NYSE: CMI ) raised its quarterly dividend 52% on the strength of a healthy balance sheet. Its payout increased from $0.26 to $0.40 a share, driving its dividend yield up from 1% to about 1.5%. I had never heard of Nu Skin (NYSE: NUS ) until it popped up on my dividend radar. The initial news of a 19% increase for its quarterly dividend intrigued me. I immediately grew cynical, realizing the company was a direct seller of anti-aging creams and machines until -- great Scott! -- Nu Skin has increased its quarterly dividend 220% in the last 10 years!
Source: Motley Fool
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