3 Stocks Building Wealth With Dividend Increases

Have you ever wondered just where are all the get-rich-now infomercial millionaires? I know several people who have purchased one or more of these get-rich-now kits, but I don't know of anyone who actually got rich from purchasing the kit. Warren Buffett and Bill Gates didn't build their fortunes with a get-rich-now kit. They worked hard built it steadily over time.

In much the same way, a disciplined approach to investing, such as dividend growth stocks, can be highly effective. Though it may seem boring to many, I find it exciting to see my income growing as the finish line approaches.

Below are several companies building their shareholders' wealth with increased cash dividends:

Evans Bancorp, Inc. (EVBN) operates as a bank holding company for the Evans Bank, N.A., which provides various banking services to consumer and commercial customers in western New York. September 3rd the company increased its dividend 8.3% to $0.26 per share. The dividend is payable October 9, 2013 to shareholders of record as of September 18, 2013. The yield based on the new payout is 2.7%.

Verizon Communications Inc. (VZ) provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. September 2nd the company increased its quarterly dividend 2.9% to $0.53 per share. The dividend is payable Nov. 1, 2013 shareowners of record at the close of business on Oct. 10, 2013. The yield based on the new payout is 4.6%.

National American University Holdings, Inc. (NAUH) engages in the ownership and operation of National American University (NAU) that provides postsecondary education services primarily for working adults and other non-traditional students. August 30th the company increased its quarterly dividend 12.5% to $0.045 per share. The dividend is payable October 11, 2013 to shareholders of record as of the close of business on September 30, 2013. The yield based on the new payout is 5.2%.

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 VZ in my High Yield portfolio. See a list of all my dividend growth holdings here.

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