Below are several companies giving their shareholders a raise with increased cash dividends:
QUALCOMM Incorporated (QCOM) designs, develops, manufactures, and markets digital communication products worldwide. Recently the company increased its quarterly dividend 9% to $0.62 per share. The increased dividend will be effective for quarterly dividends payable after March 21, 2018. The yield based on the new payout is 3.9%.
Colgate-Palmolive Company (CL) manufactures and sells consumer products worldwide. Recently the company increased its quarterly dividend 5% to $0.42 per share. The dividend is payable May 15, 2018 to stockholders of record on April 20, 2018, with an ex-dividend date of April 19, 2018. The yield based on the new payout is 2.4%.
BlackRock, Inc. (BLK) is a publicly owned investment manager. Recently the company increased its quarterly dividend 15% to $2.88 per share. The dividend is payable March 22, 2018 to stockholders of record on March 7, 2018, with an ex-dividend date of March 6, 2018. The yield based on the new payout is 2.1%.
American Tower (AMT), one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 150,000 communications sites. Recently the company increased its quarterly dividend 7.1% to $0.75 per share. The dividend is payable April 27, 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 2.1%.
General Dynamics Corporation (GD) operates as an aerospace and defense company worldwide. Recently the company increased its quarterly dividend 11% to $0.93 per share. The dividend is payable May 11, 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 1.7%.
MGM Resorts International (MGM) owns and/or operates casino resorts in the United States and China. Recently the company increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable March 15, 2018 to stockholders of record on March 9, 2018, with an ex-dividend date of March 8, 2018. The yield based on the new payout is 1.4%.
PPL Corporation (PPL), a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. Recently the company increased its quarterly dividend 3.8% to $0.41 per share. The dividend is payable April 2, 2018 to stockholders of record on March 9, 2018, with an ex-dividend date of March 8, 2018. The yield based on the new payout is 6.0%.
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 QCOM, CL, GD in my various portfolios. See a list of all my Dividend Growth Portfolio holdings here.
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Tags: QCOM, CL, BLK, AMT, GD, MGM, PPL,