6 Stocks Raising The Dividend Growth Bar

A stock with a high yield doesn’t mean much if the dividend is cut or eliminated, and the stock price declines significantly. Sometimes it is desirable to accept higher risk for a higher yield. Other times we may be accepting higher risk and are not being adequately compensated for the additional risk. One measure of dividend sustainability is the ability of management to consistently raise their dividends each year.

Below are several companies raising the dividend growth bar one year by increasing cash dividends paid to their shareholders:

JPMorgan Chase & Co. (JMP) operates as a financial services company worldwide. Recently the company increased its quarterly dividend 43% to $0.80 per share. The dividend is payable October 31, 2018 to stockholders of record on October 5, 2018, with an ex-dividend date of October 4, 2018. The yield based on the new payout is 2.8%.

ConocoPhillips (COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Recently the company increased its quarterly dividend 7% to $0.305 per share. The dividend is payable December 3, 2018 to stockholders of record on October 15, 2018, with an ex-dividend date of October 12, 2018. The yield based on the new payout is 1.6%.

Enterprise Products Partners L.P. (EPD) provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. Recently the partnership increased its quarterly distribution 0.6% to $0.4325 per unit. The distribution is payable November 8, 2018 to unitholders of record on October 31, 2018, with an ex-dividend date of October 30, 2018. The yield based on the new payout is 5.9%.

Intuit Inc. (INTU) provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. Recently the company increased its quarterly dividend 20% to $0.47 per share. The dividend is payable October 18, 2018 to stockholders of record on October 10, 2018, with an ex-dividend date of October 9, 2018. The yield based on the new payout is 0.9%.

RPM International Inc. (RPM) manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. Recently the company increased its quarterly dividend 9.4% to $0.35 per share. The dividend is payable October 31, 2018 to stockholders of record on October 16, 2018, with an ex-dividend date of October 15, 2018. The yield based on the new payout is 2.4%.

Northwest Natural Gas Company (NWN) engages in gas distribution and storage businesses in the United States. Recently the company increased its quarterly dividend 0.5% to $0.4725 per share. The dividend is payable November 15, 2018 to stockholders of record on October 31, 2018, with an ex-dividend date of October 30, 2018. The yield based on the new payout is 2.8%.

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 NWN.

Related Articles
- Stock Dividends, The Gift of Nothing
- What's More Powerful Than Compound Interest?
- Dividends vs. Stock Buybacks
- 5 Lessons Learned About Investing In Dividend Growth Stocks
- 4 High Rated, Lower Debt Dividend Stocks With A Reasonable Payout

Tags: JPM, COP, EPD, INTU, RPM, NWN,
.