Working to increase their shareholders Yield on Cost, these companies recently announced higher cash dividend payments:
Walgreens Boots Alliance, Inc. (WBA) is a pharmacy-led health and well-being company. Recently the company increased its quarterly dividend 6.7% to $0.40 per share. The dividend is payable September 12, 2017 to stockholders of record on August 18, 2017, with an ex-dividend date of August 16, 2017. The yield based on the new payout is 2.1%.
Omega Healthcare Investors, Inc. (OHI) is a self-administered real estate investment trust that maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. Recently the company increased its quarterly dividend 1.6% to $0.64 per share. The dividend is payable August 15, 2017 to stockholders of record on August 1, 2017, with an ex-dividend date of July 28, 2017. The yield based on the new payout is 7.8%.
Occidental Petroleum Corporation (OXY) is an oil and gas exploration and production company. Recently the company increased its quarterly dividend 1.3% to $0.77 per share. The dividend is payable October 16, 2017 to stockholders of record on September 11, 2017, with an ex-dividend date of September 7, 2017. The yield based on the new payout is 5.2%.
Cummins Inc. (CMI) designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. Recently the company increased its quarterly dividend 5.4% to $1.08 per share. The dividend is payable September 1, 2017 to stockholders of record on August 18, 2017, with an ex-dividend date of August 16, 2017. The yield based on the new payout is 29%.
National Retail Properties, Inc. (NNN) is a real estate investment trust that acquires, owns, invests in and develops properties that are leased primarily to retail tenants under long-term net leases and are primarily held for investment. Recently the company increased its quarterly dividend 4.4% to $0.475 per share. The dividend is payable August 15, 2017 to stockholders of record on July 31, 2017, with an ex-dividend date of July 27, 2017. The yield based on the new payout is 4.9%.
Ryder System, Inc. (R) is engaged in offering transportation and supply chain management solutions. Recently the company increased its quarterly dividend 4.5% to $0.46 per share. The dividend is payable September 1, 2017 to stockholders of record on August 21, 2017, with an ex-dividend date of August 17, 2017. The yield based on the new payout is 2.5%.
Genesis Energy L.P. (GEL) is a limited partnership focused on the midstream segment of the oil and gas industry. Recently the partnership increased its quarterly distribution 0.3% to $0.7225 per unit. The distribution is payable August 14, 2017 to unitholders of record on July 31, 2017, with an ex-dividend date of July 27, 2017. The yield based on the new payout is 9.3%.
Gladstone Land Corporation (LAND) is an agricultural real estate investment trust that is engaged in the business of owning and leasing farmland. Recently the company increased its quarterly dividend 2.3% to $0.44 per share. The dividend is payable July 31, 2017 to stockholders of record on July 21, 2017, with an ex-dividend date of July 19, 2017. The yield based on the new payout is 4.6%.
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 OHI, CMI, NNN. See a list of all my Dividend Growth Portfolio holdings here.
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Tags: WBA, OHI, OXY, CMI, NNN, R, GEL, LAND,
