7 These Stocks Paying You Back With Higher Cash Dividends

Payback is the amount of time needed for an investment to earn its cost, undiscounted. Though not very sophisticated, payback can still help you screen for good, solid dividend growth stocks. Once you earn back your investment, some might say you are in a no-lose situation. I wouldn’t go quite that far, but you have found an investment that has provided you a good historical revenue stream, and hopefully it will continue to do so in the future.

Below are several dividend stocks that recently rewarded their shareholders with increased cash dividends:

Nutrien (NTR) recently increased its quarterly dividend 7.5% to $0.43 per share. The dividend is payable Jan. 17, 2019 to stockholders of record on Dec. 31, 2018, with an ex-dividend date of Dec. 28, 2018. The yield based on the new payout is 3.2%.

Automatic Data Processing (ADP) recently increased its quarterly dividend 14% to $0.79 per share. The dividend is payable Jan. 1, 2019 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 2.2%.

AmerisourceBergen (ABC) recently increased its quarterly dividend 5.3% to $0.40 per share. The dividend is payable Dec. 3, 2018 to stockholders of record on Nov. 19, 2018, with an ex-dividend date of Nov. 18, 2018. The yield based on the new payout is 1.8%.

D. R. Horton (DHI) recently increased its quarterly dividend 20% to $0.15 per share. The dividend is payable Dec. 10, 2018 to stockholders of record on Nov. 26, 2018, with an ex-dividend date of Nov. 23, 2018. The yield based on the new payout is 1.6%.

FirstEnergy (FE) recently increased its quarterly dividend 5.6% to $0.38 per share. The dividend is payable March 1, 2019 to stockholders of record on Feb. 7, 2019, with an ex-dividend date of Feb. 6, 2018. The yield based on the new payout is 4.0%.

Golar LNG (GLNG) recently increased its quarterly dividend 20% to $0.15 per share. The dividend is payable Jan. 3, 2019 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 2.1%.

Leggett & Platt (LEG) recently increased its quarterly dividend 5.6% to $0.38 per share. The dividend is payable Jan. 15, 2019 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 4.0%.

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 LEG.

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Tags: NTR, ADP, ABC, DHI, FE, GLNG, LEG,
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