Here are several companies compounding their shareholder's wealth with increased cash dividends:
Flowers Foods, Inc. (FLO) produces and markets bakery foods in the United States. It operates in two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. May 21st the company increased its quarterly dividend 6.7% to $0.12 per share. The dividend is payable June 18, 2014 to stockholders of record on June 4, 2014. The yield based on the new payout is 2.3%.
JPMorgan Chase & Co. (JPM), a financial holding company, provides various financial services worldwide. May 20th the company increased its quarterly dividend 5.3% to $0.40 per share. The dividend is payable July 31, 2014 to stockholders of record on July 3, 2014. The yield based on the new payout is 3.0%.
American States Water Company (AWR) provides water, electric, and contracted services in the United States. May 19th the company increased its quarterly dividend 5.2% to $0.213 per share. The dividend is payable September 2, 2014 to stockholders of record on August 15, 2014. The yield based on the new payout is 3.0%.
National Oilwell Varco, Inc. (NOV) provides equipment and components for oil and gas drilling and production; oilfield services; and supply chain integration services to the upstream oil and gas industry worldwide. May 15th the company increased its quarterly dividend 77% to $0.46 per share. The dividend is payable June 27, 2014 to stockholders of record on June 13, 2014. The yield based on the new payout is 2.3%.
Marsh & McLennan Companies, Inc. (MMC), a professional services firm, provides advice and solutions primarily in the areas of risk, strategy, and human capital worldwide. May 15th the company increased its quarterly dividend 12% to $0.28 per share. The dividend is payable August 15, 2014 to stockholders of record on July 11, 2014. The yield based on the new payout is 2.3%.
Gentex Corporation (GNTX) is engaged in designing, developing, manufacturing, and marketing automatic-dimming rearview mirrors and electronics for the automotive industry; variable dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide. May 15th the company increased its quarterly dividend 14% to $0.16 per share. The dividend is payable July 18, 2014 to stockholders of record on July 8, 2014. The yield based on the new payout is 2.2%.
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: No position in the aforementioned securities. See a list of all my dividend growth holdings here.
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Tags: [FLO] [JPM] [AWR] [NOV] [MMC] [GNTX]
