Below are several companies building an inflation hedge for their shareholders by increasing their cash dividends:
Domino's Pizza, Inc. (DPZ) is a pizza restaurant chain operating pizza stores at 12,500 locations in over 80 markets. March 10th the company increased its quarterly dividend 21% to $0.46 per share. The dividend is payable March 30, 2017 to stockholders of record on March 15, 2017, with an ex-dividend date of March 13, 2017. The yield based on the new payout is 1.0%.
Colgate-Palmolive Company (CL) is a consumer products company, whose products are marketed in over 200 countries and territories throughout the world. March 9th the company increased its quarterly dividend 2.6% to $0.40 per share. The dividend is payable May 15, 2017 to stockholders of record on April 21, 2017, with an ex-dividend date of April 19, 2017. The yield based on the new payout is 2.2%.
American Tower Corporation (AMT) is a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. March 9th the company increased its quarterly dividend 6.9% to $0.62 per share. The dividend is payable April 28, 2017 to stockholders of record on April 12, 2017, with an ex-dividend date of April 10, 2017. The yield based on the new payout is 2.2%.
Frontline Ltd. (FRO) is a shipping company that is engaged in the seaborne transportation of crude oil and oil products. March 7th the company increased its quarterly dividend 50% to $0.15 per share. The dividend is payable March 23, 2017 to stockholders of record on March 13, 2017, with an ex-dividend date of March 9, 2017. The yield based on the new payout is 8.8%.
Kimberly-Clark Corporation (KMB) is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. March 7th the company increased its quarterly dividend 5.4% to $0.97 per share. The dividend is payable April 4, 2017 to stockholders of record on March 10, 2017, with an ex-dividend date of March 8, 2017. The yield based on the new payout is 2.9%.
Ross Stores, Inc. (ROST) is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. March 7th the company increased its quarterly dividend 18% to $0.16 per share. The dividend is payable March 31, 2017 to stockholders of record on March 10, 2017, with an ex-dividend date of March 8, 2017. The yield based on the new payout is 1.0%.
The Home Depot, Inc. (HD) is a home improvement retailer selling an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. March 6th the company increased its quarterly dividend 29% to $0.89 per share. The dividend is payable March 23, 2017 to stockholders of record on March 9, 2017, with an ex-dividend date of March 7, 2017. The yield based on the new payout is 2.4%.
Expedia, Inc. (EXPE) is an online travel company. March 6th the company increased its quarterly dividend 7.7% to $0.28 per share. The dividend is payable March 30, 2017 to stockholders of record on March 9, 2017, with an ex-dividend date of March 7, 2017. The yield based on the new payout is 0.9%.
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 KMB, CL in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.
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Tags: HD, KMB, CL, AMT, EXPE, FRO, ROST, DPZ,
