Tempur-Pedic Dividend Headed In Right Direction

Small Cap and Mid Cap Watch List member Tempur-Pedic (TPX) raised its dividend:

Tempur-Pedic International Inc., the leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, today0 announced its board of directors approved an increase in the quarterly dividend on its common stock, from 6 cents per share to 8 cents per share.

We have frequently noted the company’s recent string of successes and the announcement is more evidence of the same. Furthermore, it will be more administratively efficient to send investors larger checks - the processing costs for the payment will change little, so more of the total money spent will reach the people who should be getting it.

At less than 1%, the dividend still amounts to change under the mattress. However, it is headed in the right direction and we all know how spare change can add up.