The following companies announced a change in their dividend payouts today.

Companies Increasing Dividend Payouts
Calumet Specialty Products L.P. (CLMT) has raised its annual dividend payout from $2.48 to $2.60. The new dividend yield, based on today’s closing stock price of $32.2, is 8.07%. CLMT is not a “Recommended” stock at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

Enterprise Products Partners L.P. (EPD) has raised its annual dividend payout from $2.60 to $2.64. The new dividend yield, based on today’s closing stock price of $54.35, is 4.86%. EPD is not a “Recommended” stock at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

Mercantile Bank (MBWM) has raised its annual dividend payout from $.36 to $.40. The new dividend yield, based on today’s closing stock price of $17.20, is 2.33%. MBWM is not a “Recommended” stock at this time, holding a Dividend.com Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.