Though they are not perfect, the stocks below did recently rewarded their investors with higher cash dividends:
Dominion Resources, Inc. (D) is a producer and transporter of energy that is a provider of electricity, natural gas and related services to customers in the eastern region of the United States. December 16th the company increased its quarterly dividend 7.9% to $0.755 per share. The dividend is payable in March 2017. The yield based on the new payout is 4.0%.
Waste Management, Inc. (WM) provides waste management environmental services. December 15th the company increased its quarterly dividend 3.7% to $0.425 per share. The board authorized to repurchase $750M of its common stock replacing the prior stock authorization. The yield based on the new payout is 2.4%.
Two Harbors Investment Corp. (TWO) is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. December 15th the company increased its quarterly dividend 4.3% to $0.24 per share. The dividend is payable January 27, 2017 to stockholders of record on December 30, 2016, with an ex-dividend date of December 28, 2016. The yield based on the new payout is 11.0%.
The AES Corporation (AES) operates a diversified portfolio of electricity generation and distribution businesses. December 15th the company increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable February 15, 2017 to stockholders of record on February 1, 2017, with an ex-dividend date of January 30, 2017. The yield based on the new payout is 4.0%.
Realty Income Corporation (O) is a real estate investment trust (REIT) that is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. December 14th the company increased its monthly dividend 0.2% to $0.2025 per share. The dividend is payable January 13, 2017 to stockholders of record on January 3, 2017, with an ex-dividend date of December 29, 2016. The yield based on the new payout is 4.3%.
American Tower Corporation (AMT) is a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. December 14th the company increased its quarterly dividend 5.5% to $0.58 per share. The dividend is payable January 13, 2017 to stockholders of record on December 28, 2016, with an ex-dividend date of December 23, 2016. The yield based on the new payout is 2.2%.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) provides debt and equity financing to the energy efficiency and renewable energy markets. December 14th the company increased its quarterly dividend 10% to $0.33 per share. The dividend is payable January 12, 2017 to stockholders of record on December 29, 2016, with an ex-dividend date of December 27, 2016. The yield based on the new payout is 6.8%.
Motorola Solutions, Inc. (MSI) is a provider of communication infrastructure, devices, accessories, software and services. December 13th the company increased its quarterly dividend 15% to $0.47 per share. The dividend is payable January 13, 2017 to stockholders of record on December 15, 2016, with an ex-dividend date of December 13, 2016. The yield based on the new payout is 2.2%.
Eastman Chemical Company (EMN) is a specialty chemicals company that produces a range of advanced materials, chemicals and fibers. December 13th the company increased its quarterly dividend 11% to $0.51 per share. The dividend is payable January 3, 2017 to stockholders of record on December 15, 2016, with an ex-dividend date of December 13, 2016. The yield based on the new payout is 2.4%.
Franklin Resources, Inc. (BEN) is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world. December 13th the company increased its quarterly dividend 11% to $0.20 per share. The dividend is payable January 13, 2017 to stockholders of record on December 30, 2016, with an ex-dividend date of December 28, 2016. The yield based on the new payout is 2.0%.
Pfizer Inc. (PFE) is a research-based global biopharmaceutical that is engaged in discovering, developing and manufacturing of healthcare products. December 12th the company increased its quarterly dividend 6.7% to $0.32 per share. The dividend is payable March 1, 2017 to stockholders of record on February 3, 2017, with an ex-dividend date of February 1, 2017. The yield based on the new payout is 3.9%.
The Boeing Company (BA) is an aerospace firm. December 12th the company increased its quarterly dividend 30% to $1.42 per share. The dividend is payable March 3, 2017 to stockholders of record on February 10, 2017, with an ex-dividend date of February 8, 2018. The yield based on the new payout is 3.6%.
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 O in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.
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Tags: PFE, BA, O, D, WM, AMT, TWO, MSI, EMN, BEN, HASI, AES,
