Below are several companies that are providing their shareholders a growing income with higher cash dividends:
Philip Morris International Inc. (PM) manufactures tobacco products. Recently the company increased its quarterly dividend 6.5% to $1.14 per share. The dividend is payable July 11, 2018 to stockholders of record on June 22, 2018, with an ex-dividend date of June 21, 2018. The yield based on the new payout is 5.9%.
UnitedHealth Group Incorporated (UNH) operates as a diversified health care company in the United States. Recently the company increased its quarterly dividend 20% to $0.90 per share. The dividend is payable June 26, 2018 to stockholders of record on June 18, 2018, with an ex-dividend date of June 15, 2018. The yield based on the new payout is 1.5%.
Boyd Gaming Corporation (BYD) operates as a multi-jurisdictional gaming company. Recently the company increased its quarterly dividend 20% to $0.06 per share. The dividend is payable July 15, 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 0.7%.
Open Text Corporation (OTEX) provides a suite of software products and services that assist organizations in finding, utilizing, and sharing business information from various devices. Recently the company increased its quarterly dividend 15% to $0.1518 per share. The dividend is payable June 29, 2018 to stockholders of record on June 8, 2018, with an ex-dividend date of June 7, 2018. The yield based on the new payout is 1.8%.
Alexandria Real Estate Equities, Inc. (ARE), an S&P 500® company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations. Recently the company increased its quarterly dividend 3.3% to $0.93 per share. The dividend is payable July 16, 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 3.0%.
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: No position in the aforementioned securities. See a list of all my Dividend Growth Portfolio holdings here.
Related Articles
- Dividend Investing + Value Investing = Superior Returns
- The Dark Side of Dividends
- 7 Higher Yielders With A Low Free Cash Flow Payout
- The Will to Win
- 4 Dividend Stocks For A Confident And Secure Future
Tags: PM, UNH, BYD, OTEX, ARE,