Listed below are select companies that have recently elected to raise their payout and yield by increasing their cash dividends to shareholders:
Barclays PLC (BCS) provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. Recently the company increased its quarterly dividend 16% to $0.1276 per share. The dividend is payable September 17, 2018 to stockholders of record on August 10, 2018, with an ex-dividend date of August 9, 2018. The yield based on the new payout is 2.5%.
Southern Copper Corporation (SCCO) engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. Recently the company increased its quarterly dividend 33% to $0.40 per share. The dividend is payable August 21, 2018 to stockholders of record on August 8, 2018, with an ex-dividend date of August 7, 2018. The yield based on the new payout is 3.5%.
The Scotts Miracle-Gro Company (SMG) manufactures, markets, and sells consumer lawn and garden products. Recently the company increased its quarterly dividend 3.8% to $0.55 per share. The dividend is payable September 10, 2018 to stockholders of record on August 27, 2018, with an ex-dividend date of August 24, 2018. The yield based on the new payout is 2.8%.
Microchip Technology Incorporated (MCHP) develops, manufactures, and sells semiconductor products for various embedded control applications. Recently the company increased its quarterly dividend 0.1% to $0.364 per share. The dividend is payable September 4, 2018 to stockholders of record on August 21, 2018, with an ex-dividend date of August 20, 2018. The yield based on the new payout is 1.5%.
Broadridge Financial Solutions, Inc. (BR) provides investor communications and technology-driven solutions for the financial services industry worldwide. Recently the company increased its quarterly dividend 33% to $0.485 per share. The dividend is payable October 3, 2018 to stockholders of record on September 18, 2018, with an ex-dividend date of September 17, 2018. The yield based on the new payout is 1.5%.
ECA Marcellus Trust I (ECT) owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America. Recently the company increased its quarterly dividend 8.5% to $0.064 per share. The dividend is payable August 31, 2018 to stockholders of record on August 21, 2018, with an ex-dividend date of August 20, 2018. The yield based on the new payout is 13.8%.
Nordson Corporation (NDSM) engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. Recently the company increased its quarterly dividend 17% to $0.35 per share. The dividend is payable September 4, 2018 to stockholders of record on August 21, 2018, with an ex-dividend date of August 20, 2018. The yield based on the new payout is 1.1%.
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: BCS, SCCO, SMG, MCHP, BR, ECT, NDSN,