Below are several companies giving their shareholders a reason not to sell by increasing their cash dividends:
Best Buy Co., Inc. (BBY) operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. Recently the company increased its quarterly dividend 32% to $0.45 per share. The dividend is payable April 12, 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 2.4%.
The Toronto-Dominion Bank (TD) provides various personal and commercial banking products and services in Canada and the United States. Recently the company increased its quarterly dividend 11.7% to C$0.67 per share. The dividend is payable April 30, 2018 to stockholders of record on April 10, 2018, with an ex-dividend date of April 9, 2018. The yield based on the new payout is 3.6%.
Rio Tinto plc (RIO), a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. Recently the company increased its quarterly dividend 62% to $1.7955 per share. The dividend is payable April 12, 2018 to stockholders of record on March 2, 2018, with an ex-dividend date of March 1, 2018. The yield based on the new payout is 4.0%.
The Bank of Nova Scotia (BNS) provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. Recently the company increased its quarterly dividend 3.8% to C$0.82 per share. The dividend is payable April 26, 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 4.1%.
Eaton Corporation (ETN) plc operates as a power management company worldwide. Recently the company increased its quarterly dividend 10% to $0.66 per share. The dividend is payable March 23, 2018 to stockholders of record on March 12, 2018, with an ex-dividend date of March 9, 2018. The yield based on the new payout is 3.2%.
Kohl's Corporation (KSS) operates department stores in the United States. Recently the company increased its quarterly dividend 11% to $0.61 per share. The dividend is payable March 28, 2018 to stockholders of record on March 14, 2018, with an ex-dividend date of March 13, 2018. The yield based on the new payout is 3.7%.
Digital Realty (DLR) supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers. Recently the company increased its quarterly dividend 8.6% to $1.01 per share. The dividend is payable March 30, 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 4.1%.
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: BBY, TD, RIO, BNS, ETN, KSS, DLR,