Below are several companies raising the dividend growth bar one year by increasing cash dividends paid to their shareholders:
BlackRock, Inc. (BLK) is an investment management company that provides a range of investment and risk management services to institutional and retail clients across the world. January 13th the company increased its quarterly dividend 9.2% to $2.50 per share. The dividend is payable March 23, 2017 to stockholders of record on March 6, 2017, with an ex-dividend date of March 2, 2017. The yield based on the new payout is 2.6%.
Alliant Energy Corporation (LNT) is a regulated investor-owned public utility holding company. January 13th the company increased its quarterly dividend 7.2% to $0.315 per share. The dividend is payable February 15, 2017 to stockholders of record on January 31, 2017, with an ex-dividend date of January 27, 2017. The yield based on the new payout is 3.4%.
Omega Healthcare Investors, Inc. (OHI) is a self-administered real estate investment trust that invests in income producing healthcare facilities, long-term care facilities located throughout the United States and the United Kingdom. January 12th the company increased its quarterly dividend 1.6% to $0.62 per share. The dividend is payable February 15, 2017 to stockholders of record on January 31, 2017, with an ex-dividend date of January 27, 2017. The yield based on the new payout is 7.7%.
Genesis Energy, L.P. (GEL) is a limited partnership focused on the midstream segment of the oil and gas industry. January 12th the partnership increased its quarterly distribution 1.4% to $0.71 per unit. The distribution is payable February 14, 2017 to unitholders of record on January 31, 2017, with an ex-dividend date of January 27, 2017. The yield based on the new payout is 8.0%.
Graham Holdings Company (GHC) is a diversified education and media company. January 12th the company increased its quarterly dividend 5% to $1.27 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 1.0%.
Whole Foods Market, Inc. (WFM) is engaged in the business of natural and organic foods supermarket. January 11th the company increased its quarterly dividend 3.7% to $0.14 per share. The dividend is payable January 24, 2017 to stockholders of record on January 13, 2017, with an ex-dividend date of January 11, 2017. The yield based on the new payout is 1.8%.
Finish Line, Inc. (FINL) is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. January 11th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable March 13, 2017 to stockholders of record on February 24, 2017, with an ex-dividend date of February 22, 2017. The yield based on the new payout is 2.5%.
Antero Midstream Partners LP (AM) is a limited partnership formed by Antero Resources Corporation (Antero) to own, operate and develop midstream energy assets to service Antero's production. January 11th the partnership increased its quarterly distribution 5.7% to $0.28 per unit. The distribution is payable February 8, 2017 to unitholders of record on February 1, 2017, with an ex-dividend date of January 30, 2017. The yield based on the new payout is 3.4%.
Gladstone Land Corporation (LAND) is an externally-managed, agricultural real estate investment trust (REIT). January 10th the company increased its monthly dividend 1.2% to $0.043 per share. The dividend is payable January 31, 2017 to stockholders of record on January 20, 2017, with an ex-dividend date of January 18, 2017. The yield based on the new payout is 4.6%.
Apogee Enterprises, Inc. (APOG) is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. January 10th the company increased its quarterly dividend 12% to $0.14 per share. The dividend is payable February 15, 2017 to stockholders of record on January 31, 2017, with an ex-dividend date of January 27, 2017. The yield based on the new payout is 1.0%.
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 OHI in my High-Yield Portfolio. See a list of all my Dividend Growth Portfolio holdings here.
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