Christmas is a time of giving. Families and loved-ones give gifts to each other. Many people give money to the needy and charities, while others give their time to help those that are not quite as fortunate. It seems that everyone is involved in giving this time of year, even corporations. Dividend growth stocks give a gift that keeps on giving - ever increasing dividends!
Here are several companies sharing their holiday spirit by giving their shareholders a gift of increased cash dividends:
Boeing (BA) recently increased its quarterly dividend 20% to $2.06 per share. The dividend is payable Mar. 1, 2019 to stockholders of record on Feb. 8, 2019, with an ex-dividend date of Feb. 7, 2019. The yield based on the new payout is 2.6%.
Abbott Laboratories (ABT) recently increased its quarterly dividend 14% to $0.32 per share. The dividend is payable Feb. 15, 2019 to stockholders of record on Jan 15, 2019, with an ex-dividend date of Jan. 14, 2019. The yield based on the new payout is 1.8%.
Lamb Weston (LW) recently increased its quarterly dividend x% to $0.xx per share. The dividend is payable Mar. 1, 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 1.1%.
Fifth Third Bancorp (FITB) recently increased its quarterly dividend 22% to $0.22 per share. The dividend is payable Jan. 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 3.7%.
Diamondback Energy (FANG) recently increased its quarterly dividend 50% to $0.75 per share. The yield based on the new payout is 3.4%.
ABM Industries (ABM) recently increased its quarterly dividend 2.9% to $0.18 per share. The dividend is payable Feb. 4, 2019 to stockholders of record on Jan. 3, 2019, with an ex-dividend date of JAN. 2, 2019. The yield based on the new payout is 2.7%.
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: No position in the aforementioned securities.
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Tags: BA, ABT, LW, FITB, FANG, HEI, ABM,
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