Below are several companies stepping up with higher cash dividends:
Deere & Company (DE) manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Recently the company increased its quarterly dividend 15% to $0.69 per share. The dividend is payable August 1, 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 1.8%.
Bank of Montreal (BMO) provides diversified financial services primarily in North America. Recently the company increased its quarterly dividend 3.2% to C$0.96 per share. The dividend is payable August 28, 2018 to stockholders of record on August 1, 2018, with an ex-dividend date of July 31, 2018. The yield based on the new payout is 3.8%.
Ladder Capital Corp (LADR) operates as a real estate investment trust in the United States. Recently the company increased its quarterly dividend 3.2% to $0.325 per share. The dividend is payable July 2, 2018 to stockholders of record on June 11, 2018, with an ex-dividend date of June 8, 2018. The yield based on the new payout is 8.4%.
Silvercorp Metals Inc. (SVM) engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Recently the company increased its semi-annual dividend 25% to $0.01 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 0.9%.
CVR Energy, Inc. (CVI) engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. Recently the company increased its quarterly dividend 50% to $0.75 per share. The dividend is payable August 13, 2018 to stockholders of record on August 6, 2018, with an ex-dividend date of August 3, 2018. The yield based on the new payout is 6.9%.
Principal Financial Group, Inc. (PFG) provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. Recently the company increased its quarterly dividend 2% to $0.52 per share. The dividend is payable June 29, 2018 to stockholders of record on June 4, 2018, with an ex-dividend date of June 1, 2018. The yield based on the new payout is 3.4%.
Universal Insurance Holdings, Inc. (UVE) operates as an integrated insurance holding company in the United States. Recently the company increased its quarterly dividend 14% to $0.16 per share. The dividend is payable July 3, 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 1.8%.
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: DE, BMO, LADR, SVM, CVI, PFG, UVE,