Below are several dividend stocks building shareholder returns with higher cash dividends:
Sirius XM (SIRI) provides satellite radio services in the United States. Recently the company declared a $0.0121/share quarterly dividend, a 10% increase from its prior dividend. The dividend is payable Nov. 30 to shareholders of record Nov. 9 with an ex-dividend date of Nov. 8. The yield based on the new payout is 0.8%
United Technologies (UTX) provides technology products and services to building systems and aerospace industries worldwide. Recently the company declared a $0.735/share quarterly dividend, a 5% increase from prior dividend. the dividend is payable Dec. 10 to shareholders of record on Nov. 16 with an ex-div Nov. 15. The yield based on the new payout is 2.2%.
International Paper (IP) operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. Recently the company declared a $0.50/share quarterly dividend, a 5.3% increase from prior dividend. The dividend is payable Dec. 14 to shareholders of record Nov. 15; ex-div Nov. 14.
The yield based on the new payout is 4.5%
Goodyear Tire & Rubber (GT) develops, manufactures, distributes, and sells tires and related products and services worldwide. Recently the company declared a $0.16/share quarterly dividend a 14.3% increase from the prior dividend. The dividend is payable Dec. 3 to shareholders of record Nov. 1 with ex-div Oct. 31. The yield based on the new payout is 3.0%
Gladstone Investment (GAIN) is a publicly traded business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States. Recently the company declared a $0.068/share monthly dividend a 1.5% increase from the prior dividend. The dividend is payable Oct. 31 to shareholders of record Oct. 19 with an ex-dividend date of Oct. 18. The yield based on the new payout is 7.6%
Thor (THO) manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. Recently the company declared a $0.39/share quarterly dividend a 5.4% increase from the prior dividend. The dividend is payable Nov. 9 to shareholders of record Oct. 25 with an ex-dividend date of Oct. 24. The yield based on the new payout is 2.0%
Genesis Energy (GEL) operates in the midstream segment of the crude oil and natural gas industry. Recently the company declared a $0.54/share quarterly dividend, a 1.9% increase from the prior dividend. The dividend is payable Nov. 14 to shareholders of record Oct. 31 with an ex-dividend date of Oct. 30. The yield based on the new payout is 8.7%
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: Long UTX.
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Tags: SIRI, UTX, IP, GT, GAIN, THO, GEL,
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