You can’t spend earnings! At first glance, this seems like an odd statement, possibly even incorrect. However, it is not only correct, but an important axiom for all types of investors. Through fraud and manipulation financial statements can be made to look quite impressive, but the cash that arrives in your brokerage account is real.
An increasing cash dividend keeps pressure on management to ensure the company is well run. If there are too many missteps, eventually the dividend will slip. Here are several stocks where management recently met the challenge by raising their cash dividends:
Intel (INTC) recently increased its quarterly dividend 5% to $0.315 per share. The dividend is payable Mar. 1, 2019 to stockholders of record on Feb. 7, 2019, with an ex-dividend date of Feb. 6, 2019. The yield based on the new payout is 2.53%.
Comcast (CMCSA) recently increased its quarterly dividend 10% to $0.21 per share. The dividend is payable Apr. 24, 2019 to stockholders of record on Apr. 3, 2019, with an ex-dividend date of Apr. 2, 2019. The yield based on the new payout is 2.4%.
Wells Fargo (WFC) recently increased its quarterly dividend 4.7% to $0.45 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 3.6%.
BP Midstream Partners (BPMP) recently increased its quarterly dividend 3.4% to $0.3015 per share. The dividend is payable Feb. 14, 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 5.3%.
Dominion Energy (D) recently increased its quarterly dividend 9.9% to $0.9175 per share. The dividend is payable Mar. 20, 2019 to stockholders of record on Mar. 1, 2019, with an ex-dividend date of Feb. 28, 2019. The yield based on the new payout is 5.3%.
Allergan (AGN) recently increased its quarterly dividend 2.8% to $0.74 per share. The dividend is payable Mar. 15, 2019 to stockholders of record on Feb. 15, 2019, with an ex-dividend date of Feb. 14, 2019. The yield based on the new payout is 1.9%.
Valero Energy (VLO) recently increased its quarterly dividend 12% to $0.90 per share. The dividend is payable Mar. 5, 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 4.6%.
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: INTC, CMCSA, WFC, BPMP, D, AGN, VLO,
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