Below are some companies that understand the importance of growing their cash dividends:
The Coca-Cola Company (KO), a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. Recently the company increased its quarterly dividend 5.4% to $0.37 per share. The dividend is payable April 2, 2018 to stockholders of record on March 15, 2018, with an ex-dividend date of March 14, 2018. The yield based on the new payout is 3.5%.
AbbVie Inc. (ABBV) discovers, develops, manufactures, and sells pharmaceutical products worldwide. Recently the company increased its quarterly dividend 35% to $0.96 per share. The dividend is payable May 15, 2018 to stockholders of record on April 13, 2018, with an ex-dividend date of April 12, 2018. The yield based on the new payout is 3.4%.
Allergan plc (AGN), a specialty pharmaceutical company, develops, manufactures, markets, and distributes medical aesthetics, biosimilar, and over-the-counter pharmaceutical products worldwide. Recently the company increased its quarterly dividend 2.9% to $0.72 per share. The dividend is payable March 28, 2018 to stockholders of record on February 28, 2018, with an ex-dividend date of February 27, 2018. The yield based on the new payout is 1.8%.
CSX Corporation (CSX) provides rail-based transportation services in the United States and Canada. Recently the company increased its quarterly dividend 10% to $0.22 per share. The dividend is payable March 15, 2018 to stockholders of record on March 1, 2018, with an ex-dividend date of February 28, 2018. The yield based on the new payout is 1.7%.
Prudential Financial, Inc. (PRU) provides insurance, investment management, and other financial products and services in the United States and internationally. Recently the company increased its quarterly dividend 20% to $0.90 per share. The dividend is payable March 15, 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 3.4%.
NextEra Energy, Inc. (NEE) generates, transmits, and distributes electric power to retail and wholesale customers in North America. Recently the company increased its quarterly dividend 13% to $1.11 per share. The dividend is payable March 15, 2018 to stockholders of record on February 27, 2018, with an ex-dividend date of February 26, 2018. The yield based on the new payout is 2.9%.
The Wendy's Company (WEN) operates as a quick-service restaurant company worldwide. Recently the company increased its quarterly dividend 21% to $0.085 per share. The dividend is payable March 15, 2018 to stockholders of record on March 1, 2018, with an ex-dividend date of February 28, 2018. The yield based on the new payout is 2.2%.
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: Long KO, ABBV in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.
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Tags: KO, ABBV, AGN, CSX, PRU, NEE, WEN,