Below are several stocks building future gratification through with the promise of higher cash dividends:
Merck (MRK) recently increased its quarterly dividend 15% to $0.55 per share. The dividend is payable Jan. 8, 2019 to stockholders of record on Dec. 17, 2018, with an ex-dividend date of Dec. 14, 2018. The yield based on the new payout is 3.1%.
Iron Mountain (IRM) recently increased its quarterly dividend 4% to $0.611 per share. The dividend is payable Jan. 3, 2019 to stockholders of record on Dec. 17, 2018, with an ex-dividend date of Dec. 14, 2018. The yield based on the new payout is 7.6%.
Magellan Midstream Partners (MMP) recently increased its quarterly dividend 2.1% to $0.9775 per share. The dividend is payable Nov. 14, 2018 to stockholders of record on Nov. 7, 2018, with an ex-dividend date of Nov. 6, 2018. The yield based on the new payout is 6.2%.
American Electric Power (AEP) recently increased its quarterly dividend 8.1% to $0.67 per share. The dividend is payable Dec. 10, 2018 to stockholders of record on Nov. 9, 2018, with an ex-dividend date of Nov. 8, 2018. The yield based on the new payout is 3.7%.
ONEOK (OKE) recently increased its quarterly dividend 3.6% to $0.855 per share. The dividend is payable Nov. 14, 2018 to stockholders of record on Nov. 5, 2018, with an ex-dividend date of Nov. 2, 2018. The yield based on the new payout is 5.4%.
Cabot Oil & Gas (COG) recently increased its quarterly dividend 17% to $0.07 per share. The dividend is payable Nov. 16, 2018 to stockholders of record on Nov. 7, 2018, with an ex-dividend date of Nov. 6, 2018. The yield based on the new payout is 1.3%.
CVR Refining (CVRR) recently increased its quarterly dividend 36% to $0.90 per share. The dividend is payable Nov. 12, 2018 to stockholders of record on Nov. 5, 2018, with an ex-dividend date of Nov. 2, 2018. The yield based on the new payout is 20%.
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: MRK, IRM, MMP, AEP, OKE, COG, CVRR,
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