Dover, Tractor Supply, Federal Realty Investment Trust, and Illinois Tool Works were among the companies that declared dividend increases this week.

Illinois Tool Works (ticker: ITW), which makes industrial machinery, said it would boost its quarterly dividend to $1.14 a share, up more than 6% from $1.07. The stock yields 2.2%, and it has returned about 30% over the past 12 months.

Dover (DOV), an oil-field services company, declared a quarterly payout of 49.5 cents a share, up 1% from 49 cents. The stock, which yields 1.8%, has a one-year return of about 20%.

Tractor Supply (TSCO), whose rural customer base includes recreational farmers and ranchers, plans to increase its quarterly disbursement by 14%, to 40 cents a share from 35 cents. The stock, which has a one-year return of around 42%, yields 1.1%.

Federal Realty Investment Trust (FRT) is raising its quarterly disbursement to $1.06 a share from $1.05. It is the 53rd consecutive year that the company has increased its common dividend. Federal Realty specializes in retail and mixed-use properties.

The stock, which yields 5.4%, has a one-year return of about minus 35%.

Another company announcing a dividend increase was Steris (STE).

The medical company plans to pay a quarterly interim dividend of 40 cents, up 3 cents, or 8%, from 37 cents.

The stock, which yields 1%, has a one-year return of about 1%.

It will be the 15th straight year that the company has increased the dividend.

Author: Lawrence C. Strauss

Source: Market Watch: These 5 Companies Announced Dividend Increases This Week

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