Below are several dividend stocks that recently grew their yields by paying higher cash dividends:
Target Corporation (TGT) operates as a general merchandise retailer in the United States. Recently the company increased its quarterly dividend 3.2% to $0.64 per share. The dividend is payable September 10, 2018 to stockholders of record on August 15, 2018, with an ex-dividend date of August 14, 2018. The yield based on the new payout is 3.2%.
FedEx Corporation (FDX) provides transportation, e-commerce, and business services worldwide.
Recently the company increased its quarterly dividend 30% to $0.65 per share. The dividend is payable July 9, 2018 to stockholders of record on June 25, 2018, with an ex-dividend date of June 22, 2018. The yield based on the new payout is 1.0%.
W. P. Carey Inc. (WPC) is a leading internally-managed net lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions primarily for companies in the U.S. and Europe. Recently the company increased its quarterly dividend 0.5% to $1.015 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 6.1%.
Oaktree Specialty Lending (OCSL) recently increased its quarterly dividend 12% to $0.095 per share. The dividend is payable June 29, 2018 to stockholders of record on June 15, 2018, with an ex-dividend date of June 14, 2018. The yield based on the new payout is 8.1%.
Franklin Resources, Inc. (BEN) is a publicly owned asset management holding company. Recently the company increased its quarterly dividend 15% to $0.23 per share. The dividend is payable July 13, 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 2.7%.
Ingersoll-Rand plc (IR) designs, manufactures, sells, and services industrial and commercial products. Recently the company increased its quarterly dividend 18% to $0.53 per share. The dividend is payable September 28, 2018 to stockholders of record on September 7, 2018, with an ex-dividend date of September 6, 2018. The yield based on the new payout is 2.3%.
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: TGT, FDX, WPC, OCSL, BEN, IR,