Below are some companies that understand the importance of growing their cash dividends:
Neenah Paper, Inc. (NP) produces technical products and fine papers worldwide. May 30th the company increased its quarterly dividend 33% to $0.20 per share. The dividend is payable September 3, 2013 to shareholders of record as of August 16, 2013. The yield based on the new payout is 2.6%.
Eastern Insurance Holdings, Inc. (EIHI) provides workers’ compensation insurance and reinsurance products in the United States. May 30th the company increased its quarterly dividend 22% to $0.11 per share. The dividend is payable June 28, 2013 to shareholders of record at the close of business on June 14, 2013. The yield based on the new payout is 2.4%.
Post Properties, Inc. (PPS) is an independent real estate investment trust that develops, owns, and manages multi-family apartment communities. May 23rd the company increased its quarterly dividend 32% to $0.33 per share. The dividend is payable on July 15, 2013 to all common shareholders of record as of June 28, 2013. The yield based on the new payout is 2.7%.
Portland General Electric Company (POR), an integrated electric utility, engages in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. May 22nd the company increased its quarterly dividend 1.9% to $0.275 per share. The dividend is payable July 15, 2013, to shareholders of record at the close of business on June 25, 2013. The yield based on the new payout is 3.5%.
Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.
Full Disclosure: No position in the aforementioned securities. See a list of all my dividend growth holdings here.
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