In much the same way, a disciplined approach to investing, such as dividend growth stocks, can be highly effective. Though it may seem boring to many, I find it exciting to see my income growing as the finish line approaches.
Below are several companies building their shareholders' wealth with increased cash dividends:
Mastercard (MA) recently increased its quarterly dividend 32% to $0.33 per share. The dividend is payable Feb. 8, 2019 to stockholders of record on Jan. 9, 2019, with an ex-dividend date of Jan. 8, 2019. The yield based on the new payout is 0.7%. In addition, the Board approved a new share repurchase program, authorizing the company to repurchase up to $6.5B of its Class A common stock.
Bristol-Myers Squibb (BMY) recently increased its quarterly dividend 2.5% to $0.41 per share. The dividend is payable Feb. 1, 2019 to stockholders of record on Jan. 4, 2019, with an ex-dividend date of Jan. 3, 2019. The yield based on the new payout is 3.1%.
Amgen (AMGN) recently increased its quarterly dividend 9.8% to $1.45 per share. The dividend is payable Mar. 8, 2019 to stockholders of record on Feb. 14, 2019, with an ex-dividend date of Feb. 14, 2019. The yield based on the new payout is 3.0%.
Deere (DE) recently increased its quarterly dividend 10% to $0.76 per share. The dividend is payable Feb. 1, 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 2.0%.
American Tower (AMT) recently increased its quarterly dividend 6.3% to $0.84 per share. The dividend is payable Jan. 14, 2019 to stockholders of record on Dec. 27, 2018, with an ex-dividend date of Dec. 26, 2018. The yield based on the new payout is 2.1%.
W. P. Carey (WPC) recently increased its quarterly dividend 0.5% to $1.03 per share. The dividend is payable Ja=n. 15, 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 6.0%.
Bank of Montreal (BMO) recently increased its quarterly dividend 4.2% to C$1.00 per share. The dividend is payable Feb. 26, 2019 to stockholders of record on Feb. 1, 2019, with an ex-dividend date of Jan. 31, 2019. The yield based on the new payout is 4.1%.
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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