Though I prefer quarterly dividends, there is something more important than frequency -- dividend increases. Below are several companies satisfying their shareholders desire for more cash by increasing their dividends:
Royal Bank of Canada (RY), is a diversified financial services company providing personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. Recently the company increased its quarterly dividend 4.6% to C$0.91 per share. The dividend is payable November 24, 2017 to stockholders of record on October 26, 2017, with an ex-dividend date of October 25, 2017. The yield based on the new payout is 4.0%.
Expedia, Inc. (EXPE) is an online travel company. Recently the company increased its quarterly dividend 7.1% to $0.30 per share. The dividend is payable September 14, 2017 to stockholders of record on August 24, 2017, with an ex-dividend date of August 22, 2017. The yield based on the new payout is 0.8%.
Harris Corporation (HRS) is a technology company that provides products, systems and services that have defense and civil government applications, as well as commercial applications. Recently the company increased its quarterly dividend 7.5% to $0.57 per share. The dividend is payable September 22, 2017 to stockholders of record on September 8, 2017, with an ex-dividend date of September 7, 2017. The yield based on the new payout is 1.9%.
Martin Marietta Materials, Inc. (MLM) is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Recently the company increased its quarterly dividend 5% to $0.44 per share. The dividend is payable September 29, 2017 to stockholders of record on September 5, 2017, with an ex-dividend date of August 31, 2017. The yield based on the new payout is 0.9%.
Newtek Business Services Corp. (NEWT) is an internally managed non-diversified closed-end management investment company. Recently the company increased its quarterly dividend 10% to $0.44 per share. The dividend is payable September 29, 2017 to stockholders of record on September 22 2017, with an ex-dividend date of September 21, 2017. The yield based on the new payout is 10%.
Westlake Chemical Corporation (WLK) is a global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. Recently the company increased its quarterly dividend 10% to $0.21 per share. The dividend is payable September 18, 2017 to stockholders of record on September 1, 2017, with an ex-dividend date of August 30, 2017. The yield based on the new payout is 1.2%.
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.
Related Articles
- 5 Low-Risk, High-Yielding Dividend Stocks
- 9 Dividend Stocks For A Rainy Day
- 6 Dividend Growth Stocks With Strong Capital Appreciation
- 6 Higher Yielding Basic Materials Stocks With Growing Dividends
- How To Be a Better Investor During Difficult Times
(Photo Credit)
Tags: RY, EXPE, HRS, MLM, NEWT, WLK,