7 Stocks Pumping Up Their Yield With Increased Dividends

There are income investors and Dividend Growth investors. While the distinction is rather simple, it slips past many casual observers. Income investors are investing for maximum current income, while dividend growth investors are looking to maximize income over an extended period of time — usually sacrificing current income for potential greater future earnings. Unlike fixed income investments, a growing dividend means a growing yield on cost.

This week several companies pumped up their shareholders' yield by increasing their cash dividends:

Visa (V) recently increased its quarterly dividend 19% to $0.25 per share. The dividend is payable Dec. 4 to stockholders of record on Nov. 16, with an ex-dividend date of Nov. 15. The yield based on the new payout is 0.7%.

BP Midstream Partners (BPMP) recently increased its quarterly dividend 7% to $0.2915 per share. The dividend is payable Nov. 15, 2018 to stockholders of record on Nov. 1, 2018, with an ex-dividend date of Oct. 31, 2018. The yield based on the new payout is 6.6%.

Blackstone (BX) recently increased its quarterly dividend 10% to $0.64 per share. The dividend is payable Nov. 5, 2018 to stockholders of record on Oct. 29, 2018, with an ex-dividend date of Oct. 26, 2018. The yield based on the new payout is 7.1%.

Peabody Energy (BTU) recently increased its quarterly dividend 4% to $0.13 per share. The dividend is payable Nov. 21, 2018 to stockholders of record on Oct. 31, 2018, with an ex-dividend date of Oct. 30, 2018. The yield based on the new payout is 1.4%.

V.F. Corp (VFC) recently increased its quarterly dividend 11% to $0.51 per share. The dividend is payable Dec. 20, 2018 to stockholders of record on Dec. 10, 2018, with an ex-dividend date of Dec. 7, 2018. The yield based on the new payout is 2.3%.

Crown Castle (CCI) recently increased its quarterly dividend 7.1% to $1.125 per share. The dividend is payable Dec. 31, 2018 to stockholders of record on Dec. 14, 2018, with an ex-dividend date of Dec. 13, 2018. The yield based on the new payout is 4.2%.

Fortis (FTS) recently increased its quarterly dividend 5.9% to C$0.45 per share. The dividend is payable Dec. 1, 2018 to stockholders of record on Nov. 20, 2018, with an ex-dividend date of Nov. 19, 2018. The yield based on the new payout is 4.3%.

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: V, BPMP, BX, BTU, VFC, CCI, FTS,
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