Below are several stocks using real cash to raise their dividends:
Glacier Bancorp, Inc. (GBCI) operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. June 25th the company increased its quarterly dividend 6.3% to $0.17 per share. The dividend is payable July 17, 2014 to stockholders of record on July 8, 2014. The yield based on the new payout is 2.4%.
W. P. Carey Inc. (WPC) is an independent equity real estate investment trust. June 19th the company increased its quarterly dividend 0.6% to $0.90 per share. The dividend is payable July 15, 2014 to stockholders of record on June 30, 2014. The yield based on the new payout is 5.5%.
DTE Energy Company (DTE) operates as an energy company. June 19th the company increased its quarterly dividend 5.3% to $0.69 per share. The dividend is payable October 15, 2014 to stockholders of record on September 15, 2014. The yield based on the new payout is 3.6%.
Apollo Residential Mortgage, Inc. (AMTG) primarily invests in residential mortgage assets in the United States. June 19th the company increased its quarterly dividend 5.0% to $0.42 per share. The dividend is payable July 31, 2014 to stockholders of record on June 30, 2014. The yield based on the new payout is 9.8%.
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: [GBCI] [WPC] [DTE] [AMTG]