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

Companies Increasing Dividend Payouts
Bank Mutual (BKMU) has raised its annual dividend payout from $.04 to $.08. The new dividend yield, based on today’s closing stock price of $4.41, is 1.81%. BKMU is not a “Recommended” stock at this time, holding a Dividend.com Rating of 2.4 out of 5 stars.

Innophos Holdings (IPHS) has raised its annual dividend payout from $1.08 to $1.40. The new dividend yield, based on today’s closing stock price of $47.92, is 2.92%. IPHS is not a “Recommended” stock at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

Mueller Industries (MLI) has raised its annual dividend payout from $.40 to $.50. The new dividend yield, based on today’s closing stock price of $45.77, is 1.09%. MLI is not a “Recommended” stock at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

Vectren Corp (VVC) has raised its annual dividend payout from $1.40 to $1.42. The new dividend yield, based on today’s closing stock price of $29.19, is 4.86%. VVC is not a “Recommended” stock at this time, holding a Dividend.com Rating of 3.4 out of 5 stars.

Companies Reducing Dividend Payouts
Och-Ziff Capital Management (OZM) has reduced its annual dividend payout from $0.56 to $0.48. The new dividend yield, based on today’s closing stock price of $9.86, is 4.87%. OZM is not a “Recommended” stock at this time, holding a Dividend.com Rating of 2.8 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.