Below are several companies confident and secure enough in their business to increase their cash dividends:
Moody's Corporation (MCO) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to financial institution customers. December 21th the company increased its quarterly dividend 2.7% to $0.38 per share. The dividend is payable March 10, 2017 to stockholders of record on February 20, 2017, with an ex-dividend date of February 15, 2017. The yield based on the new payout is 1.6%.
Amgen Inc. (AMGN) is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. The Company's business segment is human therapeutics. December 20th the company increased its quarterly dividend 15% to $1.15 per share. The dividend is payable March 8, 2017 to stockholders of record on February 15, 2017, with an ex-dividend date of February 13, 2017. The yield based on the new payout is 3.1%.
Fifth Third Bancorp (FITB) is a bank holding company and a financial holding company that conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. December 20th the company increased its quarterly dividend 7.7% to $0.14 per share. The dividend is payable January 17, 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%.
8Point3 Energy Partners LP (CAFD) owns, operates and acquires solar energy generation projects. December 20th the partnership increased its quarterly distribution 3.5% to $0.249 per unit. The distribution is payable January 13, 2017 to unitholders of record on January 3, 2017, with an ex-dividend date of December 29, 2016. The yield based on the new payout is 7.5%.
Boston Properties, Inc. (BXP) is a real estate investment trust. The Company is an owner and developer of office properties in the United States. December 19th the company increased its quarterly dividend 15% to $0.75 per share. The dividend is payable January 30, 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 2.4%.
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 Portfolio holdings here.
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Tags: AMGN, FITB, MCO, BXP, CAFD,
