Below are several companies that chose to build a higher yield for their shareholders with increased cash dividends:
Raytheon Company (RTN) develops integrated products, services, and solutions for defense and other government markets worldwide. Recently the company increased its quarterly dividend 8.8% to $0.8675 per share. The dividend is payable May 10, 2018 to stockholders of record on April 11, 2018, with an ex-dividend date of April 10, 2018. The yield based on the new payout is 1.6%.
Randgold Resources (GOLD) is a gold mining business operating mainly in Mali. Recently the company increased its quarterly dividend 100% to $2.00 per share. The dividend is payable May 18, 2018 to stockholders of record on March 23, 2018, with an ex-dividend date of March 22, 2018. The yield based on the new payout is 2.5%.
The Children's Place, Inc. (PLCE) operates as a children's specialty apparel retailer. Recently the company increased its quarterly dividend 25% to $0.50 per share. The dividend is payable April 27, 2018 to stockholders of record on April 16, 2018, with an ex-dividend date of April 13, 2018. The yield based on the new payout is 1.4%.
Finjan Holdings, Inc. (FNJN) operates as a cybersecurity company, provides intellectual property licensing and enforcement services. Recently the company increased its quarterly dividend 14.3% to $0.08 per share. The dividend is payable April 5, 2018 to stockholders of record on March 22, 2018, with an ex-dividend date of March 21, 2018. The yield based on the new payout is 10.9%.
Cousins Properties Incorporated (CUZ) is a fully integrated, self-administered and self-managed real estate investment trust (REIT). Recently the company increased its quarterly dividend 8.3% to $0.06 per share. The dividend is payable April 13, 2018 to stockholders of record on April 3, 2018, with an ex-dividend date of April 2, 2018. The yield based on the new payout is 3.0%.
Fulton Financial Corporation (FULT) operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. Recently the company increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable April 13, 2018 to stockholders of record on April 2, 2018, with an ex-dividend date of March 29, 2018. The yield based on the new payout is 2.5%.
IBERIABANK (IBKC) that provides commercial and retail banking products and services in the United States. Recently the company increased its quarterly dividend 2.7% to $0.38 per share. The dividend is payable April 27, 2018 to stockholders of record on March 30, 2018, with an ex-dividend date of March 28, 2018. The yield based on the new payout is 1.8%.
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 RTN in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.
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Tags: RTN, GOLD, PLCE, FNJN, CUZ, FULT, IBKC,
