With time, you can wait for blue-chip stocks to build a high yield-on-cost by growing their dividends. Below are several companies building shareholder wealth by increasing their cash dividends:
Microsoft Corporation (MSFT) is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. Recently the company increased its quarterly dividend 7.6% to $0.42 per share. The dividend is payable December 14, 2017 to stockholders of record on November 16, 2017, with an ex-dividend date of November 15, 2017. The yield based on the new payout is 2.2%.
JPMorgan Chase & Co. (JPM) is engaged in investment banking, financial services. Recently the company increased its quarterly dividend 12% to $0.56 per share. The dividend is payable October 31, 2017 to stockholders of record on October 6, 2017, with an ex-dividend date of October 5, 2017. The yield based on the new payout is 2.4%.
McDonald's Corporation (MCD) operates and franchises McDonald's restaurants that serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. Recently the company increased its quarterly dividend 7.4% to $1.01 per share. The dividend is payable December 15, 2017 to stockholders of record on December 1, 2017, with an ex-dividend date of November 30, 2017. The yield based on the new payout is 2.5%.
Texas Instruments Incorporated (TXN) designs, makes and sells semiconductors to electronics designers and manufacturers across the world. Recently the company increased its quarterly dividend 24% to $0.62 per share. The dividend is payable November 13, 2017 to stockholders of record on October 31, 2017, with an ex-dividend date of October 30, 2017. The yield based on the new payout is 2.9%.
U.S. Bancorp (USB) is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. Recently the company increased its quarterly dividend 7.1% to $0.30 per share. The dividend is payable October 16, 2017 to stockholders of record on September 29, 2017, with an ex-dividend date of September 28, 2017. The yield based on the new payout is 2.3%.
W. P. Carey Inc. (WPC) is a leading global net-lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. Recently the company increased its quarterly dividend 0.5% to $1.005 per share. The dividend is payable October 16, 2017 to stockholders of record on October 2, 2017, with an ex-dividend date of September 29, 2017. The yield based on the new payout is 5.8%.
Fifth Third Bancorp (FITB) 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. Recently the company increased its quarterly dividend 14% to $0.16 per share. The dividend is payable October 16, 2017 to stockholders of record on September 29, 2017, with an ex-dividend date of September 28, 2017. 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: Long MSFT, MCD, TXN in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.
Related Articles
- The Will to Win
- 4 Dividend Stocks For A Confident And Secure Future
- To Infinity and Beyond!
- 6 Dividend Growth Stocks With A Low P/E
- Rising Dividends = Rising Returns
Tags: MSFT, JPM, MCD, TXN, USB, WPC, FITB,
