Below are several dividend stocks that recently rewarded their shareholders with increased cash dividends:
Leggett & Platt, Incorporated (LEG) designs and produces various engineered components and products worldwide. August 8th the company increased its quarterly dividend 3.4% to $0.30 per share. The dividend is payable October 15, 2013 to shareholders of record on September 13, 2013. The yield based on the new payout is 3.9%.
The Hillshire Brands Company (HSH) engages in the manufacture and marketing of meat-centric food solutions for the retail and foodservice markets worldwide. August the company increased its quarterly dividend 40% to $0.175 per share. The dividend is payable October 7, 2013 to stockholders of record as of the close of business on September 3, 2013. The yield based on the new payout is 2.1%.
Span-America Medical Systems, Inc. (SPAN) manufactures and distributes various therapeutic support surfaces and related products for the medical, consumer, and industrial markets primarily in the United States and Canada. August 7th the company increased its quarterly dividend 12% to $0.14 per share. The dividend is payable September 4, 2013, to shareholders of record on August 20, 2013. The yield based on the new payout is 2.6%.
Susser Petroleum Partners LP (SUSP) engages in the wholesale distribution of motor fuels primarily in Texas, New Mexico, Oklahoma, and Louisiana. August 7th the company increased its quarterly distribution 3.5% to $0.4528 per unit. The distribution is payable August 29, 2013 to unitholders of record on August 19, 2013. The yield based on the new payout is 6.1%.
Harman International Industries, Incorporated (HAR) designs, develops, manufactures, and markets audio products and electronic systems worldwide. August 6th the company increased its quarterly dividend 100% to $0.30 per share. The dividend is payable August 30, 2013, to stockholders of record as of the close of business August 16, 2013. The yield based on the new payout is 2.0%.
The Scotts Miracle-Gro Company (SMG) engages in manufacturing, marketing, and selling consumer lawn and garden care products. August 6th the company increased its quarterly dividend 35% to $0.4375 per share. The dividend is payable payable September 10, 2013 to shareholders of record on August 27, 2013. The yield based on the new payout is 3.3%.
Illinois Tool Works Inc. (ITW) manufactures and sells a range of industrial products and equipment worldwide. August 2nd the company increased its quarterly dividend 10.5% to $0.42 per share. The dividend is payable October 8, 2013 to stockholders of record as of September 30, 2013. The yield based on the new payout is 2.3%.
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: Long LEG, ITW in my dividend growth portfolio. See a list of all my dividend growth holdings here.
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