Listed below are select companies that have recently elected to raise their payout and yield by increasing their cash dividends to shareholders:
Helmerich & Payne, Inc. (HP) primarily engages in drilling oil and gas wells for exploration and production companies. Recently the company increased its quarterly dividend 1.4% to $0.71 per share. The dividend is payable August 31, 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%.
Apollo Global Management, LLC (APO) is a publicly owned investment manager. Recently the company increased its quarterly dividend 13% to $0.43 per share. The dividend is payable August 31, 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 5.2%.
SunTrust Banks, Inc. (STI) operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. Recently the company increased its quarterly dividend 25% to $0.50 per share. The dividend is payable September 17, 2018 to stockholders of record on August 31, 2018, with an ex-dividend date of August 30, 2018. The yield based on the new payout is 2.7%.
Westlake Chemical Corporation (WLK) manufactures and markets basic chemicals, vinyls, polymers, and building products primarily in North America and Europe. Recently the company increased its quarterly dividend 19% to $0.25 per share. The dividend is payable September 12, 2018 to stockholders of record on August 28, 2018, with an ex-dividend date of August 27, 2018. The yield based on the new payout is 1.1%.
First American Financial Corporation (FAF) provides financial services. Recently the company increased its quarterly dividend 10% to $0.42 per share. The dividend is payable September 17, 2018 to stockholders of record on September 10, 2018, with an ex-dividend date of September 7, 2018. The yield based on the new payout is 3.0%.
CAE Inc. (CAE) designs, manufactures, and supplies simulation equipment worldwide. Recently the company increased its quarterly dividend 11% to $0.10 per share. The dividend is payable September 28, 2018 to stockholders of record on September 14, 2018, with an ex-dividend date of September 13, 2018. The yield based on the new payout is 2.0%.
Carpenter Technology Corporation (CRS) manufactures, fabricates, and distributes specialty metals worldwide. It operates through two segments, Specialty Alloys Operations and Performance Engineered Products. Recently the company increased its quarterly dividend 11% to $0.20 per share. The dividend is payable September 6, 2018 to stockholders of record on August 28, 2018, with an ex-dividend date of August 27, 2018. The yield based on the new payout is 1.5%.
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.
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Tags: HP, APO, STI, WLK, FAF, CAE, CRS,
