7 Stocks Turbo-Charging Returns With Increasing Dividends

It is a well-documented fact that a significant portion of the historical equity returns are a result of reinvested dividends. In Triumph of the Optimists: 101 Years of Global Investment Returns (2002), the authors looked at equity returns from capital gains and dividends from 1900 to 2000. They determined that performance in any given year was driven by capital appreciation, but long-term returns were largely the result of reinvested dividends.

Here are several companies looking to increase their long-term returns by raising their cash dividends:

Realty Income (O) recently increased its monthly dividend 2% to $0.2255 per share. The dividend is payable Feb. 15, 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 4.2%.

Enterprise Products Partners (EPD) recently increased its quarterly dividend 0.6% to $0.435 per share. The dividend is payable Feb. 8, 2019 to stockholders of record on Jan. 31, 2019, with an ex-dividend date of Jan. 30, 2019. The yield based on the new payout is 6.4%.

BlackRock (BLK) recently increased its quarterly dividend 5.4% to $3.30 per share. The dividend is payable Mar. 21, 2019 to stockholders of record on Mar. 6, 2019, with an ex-dividend date of Mar. 5, 2019. The yield based on the new payout is 3.3%.

Consolidated Edison (ED) recently increased its quarterly dividend 3.5% to $0.74 per share. The dividend is payable Mar. 15, 2019 to stockholders of record on Feb. 13, 2019, with an ex-dividend date of Feb. 12, 2019. The yield based on the new payout is 3.8%.

ONEOK (OKE) recently increased its quarterly dividend 0.6% to $0.86 per share. The dividend is payable Feb. 14, 2019 to stockholders of record on Jan. 28, 2019, with an ex-dividend date of Jan. 25, 2019. The yield based on the new payout is 5.6%. declares $0.86/share quarterly dividend, 0.6% increase from prior dividend of $0.855.

EPR Properties (EPR) recently increased its quarterly dividend 4.2% to $0.375 per share. The dividend is payable Feb. 15, 2019 to stockholders of record on Jan. 31, 2019, with an ex-dividend date of Jan. 30, 2019. The yield based on the new payout is 6.4%.

Fastenal (FAST) recently increased its quarterly dividend 7.5% to $0.43 per share. The dividend is payable Feb. 27, 2019 to stockholders of record on Jan. 31, 2019, with an ex-dividend date of Jan. 30, 2019. The yield based on the new payout is 3.2%.

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 O, ED,

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Tags: O, EPD, BLK, ED, OKE, EPR, FAST,