Below are several companies that have recently increased their cash dividends to shareholders:
Duke Energy Corporation (DUK) operates as an energy company in the United States. Recently the company increased its quarterly dividend 4.2% to $0.9275 per share. The dividend is payable August September 17, 2018 to stockholders of record on August 17, 2018, with an ex-dividend date of August 16, 2018. The yield based on the new payout is 4.6%.
Medtronic plc (MDT) develops, manufactures, distributes, and sells device-based medical therapies to hospitals, physicians, clinicians, and patients worldwide. Recently the company increased its quarterly dividend 8.7% to $0.50 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 2.3%.
The PNC Financial Services Group, Inc. (PNC) operates as a diversified financial services company in the United States and internationally. Recently the company increased its quarterly dividend 27% to $0.95 per share. The dividend is payable August 5, 2018 to stockholders of record on July 17, 2018, with an ex-dividend date of July 16, 2018. The yield based on the new payout is 2.8%.
Bank of the Ozarks (OZRK) provides a range of retail and commercial banking services to businesses, individuals, and non-profit and governmental entities. Recently the company increased its quarterly dividend 2.6% to $0.20 per share. The dividend is payable July 20, 2018 to stockholders of record July 13, 2018, with an ex-dividend date of July 12, 2018. The yield based on the new payout is 1.8%.
MV Oil Trust (MVO) acquires and holds net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties include approximately 900 producing oil and gas wells located in the Mid-Continent region in the states of Kansas and Colorado. Recently the company increased its quarterly dividend 15% to $0.42 per share. The dividend is payable July 25, 2018 to stockholders of record on July 16, 2018, with an ex-dividend date of July 13, 2018. The yield based on the new payout is 14.4%.
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 DUK in my High-Yield Portfolio. See a list of all my Dividend Growth Portfolio holdings here.
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Tags: DUK, MDT, PNC, OZRK, MVO,
