Below are several stocks using real cash to raise their dividends:
Bristol-Myers Squibb Company (BMY) discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical products worldwide. Recently the company increased its quarterly dividend 2.6% to $0.40 per share. The dividend is payable February 1, 2018 to stockholders of record on January 5, 2018, with an ex-dividend date of January 4, 2018. The yield based on the new payout is 2.6%.
Mastercard Incorporated (MA), a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. Recently the company increased its quarterly dividend 14% to $0.25 per share. The dividend is payable February 9, 2018 to stockholders of record on January 9, 2018, with an ex-dividend date of January 8, 2018. The yield based on the new payout is 0.7%.
Broadcom Limited (AVGO) designs, develops, and supplies a range of semiconductor devices worldwide. Recently the company increased its quarterly dividend 72% to $1.75 per share. The dividend is payable December 29, 2017 to stockholders of record on December 19, 2017, with an ex-dividend date of December 18, 2017. The yield based on the new payout is 2.7%.
Johnson Controls International plc (JCI) operates as a diversified technology and multi industrial company worldwide. Recently the company increased its quarterly dividend 4% to $0.26 per share. The dividend is payable January 12, 2018 to stockholders of record on December 18, 2017, with an ex-dividend date of December 15, 2017. The yield based on the new payout is 2.8%.
Bank of Montreal (BMO) provides diversified financial services primarily in North America. Recently the company increased its quarterly dividend 3.3% to C$0.93 per share. The dividend is payable February 27, 2018 to stockholders of record on February 1, 2018, with an ex-dividend date of January 31, 2018. The yield based on the new payout is 3.8%.
W. P. Carey Inc. (WPC) is an independent equity real estate investment trust that provides long-term sale-leaseback and build-to-suit financing for companies. Recently the company increased its quarterly dividend 0.5% to $1.01 per share. The dividend is payable January 16, 2018 to stockholders of record on December 29, 2017, with an ex-dividend date of December 28, 2017. The yield based on the new payout is 5.8%.
WEC Energy Group, Inc. (WEC) generates and distributes electric energy. Recently the company increased its quarterly dividend 6.25% to $0.5525 per share. The directors expect to declare the new dividend at their regularly scheduled meeting in January. The yield based on the new payout is 3.2%.
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.
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Tags: BMY, MA, AVGO, JCI, BMO, WPC, WEC,