Monday, May 28, 2018

7 Stocks Not Missing Their Opportunity To Increase Dividends

In everything we do, we always want to be the best or be associated with the best. You never hear fans yelling, ‘We’re number 2, we’re number 2′, while holding two fingers in the air. The same is true when selecting dividend stocks. One attribute found in the very best dividend stocks is a long history of consecutive dividend increases.

Below are several dividend stocks that did not miss their opportunity increase cash dividends:

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 2.7% to $0.77 per share. The dividend is payable July 13, 2018 to stockholders of record on June 19, 2018, with an ex-dividend date of June 18, 2018. The yield based on the new payout is 2.3%.

NetApp, Inc. (NTAP) provides software, systems, and services to manage and store computer data worldwide. Recently the company increased its quarterly dividend 100% to $0.40 per share. The dividend is payable July 25, 2018 to stockholders of record on July 6, 2018, with an ex-dividend date of July 5, 2018. The yield based on the new payout is 2.4%.

Tiffany & Co. (TIF) designs, manufactures, and retails jewelry and other items in the Americas, the Asia-Pacific, Japan, Europe, and internationally. Recently the company increased its quarterly dividend 10% to $0.55 per share. The dividend is payable July 10, 2018 to stockholders of record on June 20, 2018, with an ex-dividend date of June 19, 2018. The yield based on the new payout is 1.8%.

DXC Technology Company (DXC), together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. Recently the company increased its quarterly dividend 5.6% to $0.19 per share. The dividend is payable July 17, 2018 to stockholders of record on June 6, 2018, with an ex-dividend date of June 5, 2018. The yield based on the new payout is 0.7%.

Cracker Barrel Old Country Store, Inc. (CBRL) develops and operates the Cracker Barrel Old Country Store concept in the United States. Recently the company increased its quarterly dividend 4.2% to $1.25 per share. The dividend is payable August 6, 2018 to stockholders of record on July 13, 2018, with an ex-dividend date of July 12, 2018. The yield based on the new payout is 3.2%.

B&G Foods, Inc. (BGS) manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods in the United States, Canada, and Puerto Rico. Recently the company increased its quarterly dividend 2.2% to $0.475 per share. The dividend is payable July 20, 2018 to stockholders of record on June 29, 2018, with an ex-dividend date of June 28, 2018. The yield based on the new payout is 7.2%.

Bunge Limited (BG) operates as an agribusiness and food company worldwide. Recently the company increased its quarterly dividend 8.7% to $0.50 per share. The dividend is payable September 5, 2018 to stockholders of record on August 22, 2018, with an ex-dividend date of August 21, 2018. The yield based on the new payout is 2.9%.

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 CBRL in my High Dividend Growth Stock Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: AMT, NTAP, TIF, DXC, CBRL, BGS, BG,