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5 Dividend Stocks Raise Payouts for Steady Income Amid Volatility

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Key Takeaways

  • Independent Bank raised its dividend to 64 cents per share, marking six increases in five years.
  • Micron Technology, Elbit Systems and Applied Materials also announced recent dividend hikes.
  • Dividend-paying stocks gain appeal as inflation, rates and geopolitical tensions drive volatility.

The U.S. economy is navigating a period of heightened volatility, as economic and geopolitical uncertainties intensify. February’s nonfarm payrolls report delivered a surprise, showing a loss of 92,000 jobs instead of the expected growth. Unemployment edged up to 4.4% from 4.3% in January. Although wage growth slightly beat expectations, other labor indicators, such as the participation rate and workweek hours, softened.

Inflation remains sticky, with the Consumer Price Index relatively stable at around 2.4% annually. But the upward trend in the Producer Price Index (0.7% monthly and 3.4% annually), alongside rising oil prices, suggests that inflation is intensifying once again. As a result, the Federal Reserve has kept interest rates at 3.50-3.75%, with little indication of near-term cuts until inflation cools significantly.  A sluggish labor market and high borrowing costs are weighing on investors' sentiment.

Geopolitical tensions are also adding to economic pressure. The conflict involving Iran and the closure of the Strait of Hormuz have pushed oil prices above $100 per barrel. This raises concerns about further inflation and supply chain risk. Though some companies continue to perform well, the overall sentiment remains fragile.

Amid such market conditions, investors who wish to diversify their portfolios can pick dividend-paying stocks. Some of the prominent names are: Independent Bank (INDB - Free Report) , Micron Technology, Inc. (MU - Free Report) , Elbit Systems (ESLT - Free Report) , Applied Materials (AMAT - Free Report) and Wheaton Precious Metals (WPM - Free Report) . Companies that pay out dividends consistently indicate a healthy business model. Stocks that have raised dividends recently exhibit a sound financial structure and can counter market upheavals. Moreover, stocks that tend to reward investors with a high dividend payout outperform non-dividend-paying entities in a highly volatile market.

Independent Bank

Independent Bank is a community-oriented commercial bank, providing products and services to individuals and small-to-medium sized businesses in the United States. This Rockland, MA-based company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

On March 19, INDB declared that its shareholders would receive a dividend of 64 cents a share on April 9, 2026. INDB has a dividend yield of 3.2%.

Over the past five years, INDB has increased its dividend six times, and its payout ratio presently sits at 42% of earnings. Check Independent Bank’s dividend history here.

Micron Technology

Micron Technology is headquartered in Boise, ID. This Zacks Rank #3 (Hold) company has established itself as one of the leading worldwide providers of semiconductor memory solutions.

On March 18, MU declared that its shareholders would receive a dividend of 15 cents a share on April 15, 2026. MU has a dividend yield of 0.1%.

In the past five years, MU has increased its dividend three times. Its payout ratio is currently 2% of earnings. Check Micron Technology’s dividend history here.

Elbit Systems

Elbit Systems is a worldwide leader in Night Vision Goggles Head-Up Displays (NVG-HUD). This Haifa, Israel-based company currently carries a Zacks Rank #2.

On March 16, ESLT announced that its shareholders would receive a dividend of 83 cents a share on April 27, 2026. ESLT has a dividend yield of 0.2%.

Over the past five years, ESLT has increased its dividend six times. Its payout ratio now sits at 18% of earnings. Check Elbit Systems' dividend history here.

Elbit Systems Ltd. Dividend Yield (TTM)

Elbit Systems Ltd. Dividend Yield (TTM)

Elbit Systems Ltd. dividend-yield-ttm | Elbit Systems Ltd. Quote

Applied Materials

Applied Materials is one of the world’s largest suppliers of equipment for the fabrication of semiconductor, flat panel liquid crystal displays, and solar photovoltaic cells and modules. The Zacks Rank #1 (Strong Buy) company operates from Santa Clara, CA.

On March 12, AMAT declared that its shareholders would receive a dividend of 53 cents a share on June 11, 2026. AMAT has a dividend yield of 0.5%.

Over the past five years, AMAT has increased its dividend six times, and its payout ratio presently sits at 20% of earnings. Check Applied Materials' dividend history here.

Wheaton Precious Metals

Wheaton Precious Metals is headquartered in Vancouver, Canada. This Zacks Rank #3 company is one of the largest precious metal streaming companies in the world that generates its revenues from the sale of precious metals and cobalt.

On March 12, WPM declared that its shareholders would receive a dividend of 20 cents a share on April 10, 2026. WPM has a dividend yield of 0.6%.

In the past five years, WPM has increased its dividend six times. Its payout ratio is currently 22% of earnings. Check Wheaton Precious Metals’ dividend history here.

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