4 Dividend Stocks Showing You the Money

Dividend checks continue to beef up in Corporate America, as more companies jack up their distribution rates. Let’s take a closer look at some of the companies that inched their payouts higher this past week.

Let's start with Parker Hannafin (NYSE: PH). The motion and control technology specialist moved its quarterly disbursements 4% higher to $0.27 a share. Investors are being spoiled here, as this is Parker Hannafin's second uptick this year alone.

The Aflac (NYSE: AFL) duck is also quacking louder. The insurer's new payout rate -- $0.30 a share -- is 7% ahead of its previous disbursements. Aflac is also resuming its share repurchase program, something that it clearly takes seriously as it has bought back 232.1 million shares since 1994.

Green lawns aren't the only thing growing at Scotts Miracle-Gro (NYSE: SMG). The grass and garden care company doubled its rate last week. Shareholders will now be receiving $0.25 a share every three months.

Finally we have Connecticut Water Service (Nasdaq: CTWS) going with the flow. The water utility's new quarterly dividend will be $0.2325 a share. It may seem like a mere fractional upgrade from its previous $0.2275 rate, but Connecticut Water Service has now jacked up its yield in 41 consecutive years.... Read more