Though they are not perfect, the stocks below did recently rewarded their investors with higher cash dividends:
Royal Bank of Canada (RY) operates as a diversified financial service company worldwide. Recently the company increased its quarterly dividend 5.0% to C$0.98 per share. The dividend is payable November 25, 2018 to stockholders of record on October 25, 2018, with an ex-dividend date of October 24, 2018. The yield based on the new payout is 5.0%.
NetEase, Inc. (NTES) operates an interactive online community in the People's Republic of China. Recently the company increased its quarterly dividend 165% to $0.61 per share. The dividend is payable August 31, 2018 to stockholders of record on August 24, 2018, with an ex-dividend date of August 23, 2018. The yield based on the new payout is 1.2%.
Weyerhaeuser Company (WY), one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. Recently the company increased its quarterly dividend 6.3% to $0.34 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 3.9%.
Canadian Imperial Bank of Commerce (CM), a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. Recently the company increased its quarterly dividend 2.3% to C$1.36 per share. The dividend is payable October 29, 2018 to stockholders of record on September 28, 2018, with an ex-dividend date of September 27, 2018. The yield based on the new payout is 4.5%.
Golar LNG Limited (GLNG), a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, and liquefaction of LNG. Recently the company increased its quarterly dividend 150% to $0.125 per share. The dividend is payable October 3, 2018 to stockholders of record on September 6, 2018, with an ex-dividend date of September 5, 2018. The yield based on the new payout is 2.0%.
M&T Bank Corporation (MTB) operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide retail and commercial banking services. Recently the company increased its quarterly dividend 25% to $1.00 per share. The dividend is payable September 28, 2018 to stockholders of record on September 4, 2018, with an ex-dividend date of August 31, 2018. The yield based on the new payout is 2.3%.
Newtek Business Services Corp. (NEWT) is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. Recently the company increased its quarterly dividend 14% to $0.48 per share. The dividend is payable September 28, 2018 to stockholders of record on September 17, 2018, with an ex-dividend date of September 14, 2018. The yield based on the new payout is 8.2%.
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.
Full Disclosure: No position in the aforementioned securities.
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Tags: RY, NTES, WY, CM, GLNG, MTB, NEWT,
