Below are several companies delivering good news to their shareholders with recently increased cash dividends:
Chevron Corporation (CVX) engages in integrated energy, chemicals, and petroleum operations worldwide. Recently the company increased its quarterly dividend 3.7% to $1.12 per share. The dividend is payable March 12, 2018 to stockholders of record on February 16, 2018, with an ex-dividend date of February 15, 2018. The yield based on the new payout is 3.6%.
Visa Inc. (V) operates as a payments technology company worldwide. Recently the company increased its quarterly dividend 7.7% to $0.21 per share. The dividend is payable March 6, 2018 to stockholders of record on February 16, 2018, with an ex-dividend date of February 15, 2018. The yield based on the new payout is 0.7%.
ConocoPhillips (COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Recently the company increased its quarterly dividend 7.5% to $0.285 per share. The dividend is payable March 1, 2018 to stockholders of record on February 12, 2018, with an ex-dividend date of February 9, 2018. The yield based on the new payout is 1.9%.
Unilever PLC (UL) operates in the fast-moving consumer goods market. Recently the company increased its quarterly dividend 4.2% to $0.4452 per share. The dividend is payable March 21, 2018 to stockholders of record on February 16, 2018, with an ex-dividend date of February 15, 2018. The yield based on the new payout is 3.2%.
Exelon Corporation (EXC), a utility services holding company, engages in the energy generation and delivery businesses in the United States and Canada. Recently the company increased its quarterly dividend 5.3% to $0.345 per share. The dividend is payable March 9, 2018 to stockholders of record on February 15, 2018, with an ex-dividend date of February 14, 2018. The yield based on the new payout is 3.6%.
Aflac Incorporated (AFL) American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. Recently the company increased its quarterly dividend 16% to $0.52 per share. The dividend is payable March 1, 2018 to stockholders of record on February 21, 2018, with an ex-dividend date of February 20, 2018. The yield based on the new payout is 2.4%.
Energy Transfer Equity, L.P. (ETE) provides diversified energy-related services in the United States. Recently the partnership increased its quarterly distribution 3.4% to $0.305 per unit. The distribution is payable February 20, 2018 to unitholders of record on February 8, 2018, with an ex-dividend date of February 7, 2018. The yield based on the new payout is 6.6%.
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 CVX, AFL in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.
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