Below are several select companies that recently decided to reward their shareholders with fruits of their labor in the form of increased cash dividends:
Gilead Sciences (GILD) recently increased its quarterly dividend 10% to $0.63 per share. The dividend is payable Mar. 28, 2019 to stockholders of record on Mar. 15, 2019, with an ex-dividend date of Mar. 14, 2019. The yield based on the new payout is 3.6%.
3M (MMM) recently increased its quarterly dividend 5.9% to $1.44 per share. The dividend is payable Mar. 12, 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 2.9%.
Corning (GLW) recently increased its quarterly dividend 11% to $0.20 per share. The dividend is payable Mar. 29, 2019 to stockholders of record on Feb. 28, 2019, with an ex-dividend date of Feb. 27, 2019. The yield based on the new payout is 2.2%.
Union Pacific (UNP) recently increased its quarterly dividend 10% to $0.88 per share. The dividend is payable Mar. 29, 2019 to stockholders of record on Feb. 28, 2019, with an ex-dividend date of Feb. 27, 2019. The yield based on the new payout is 2.2%. In addition, Board approved a new share repurchase authorization, enabling the Company to buy up to 150M of its common shares by March 31, 2022.
Suncor Energy (SU) recently increased its quarterly dividend 17% to $0.42 per share. The dividend is payable Mar. 25, 2019 to stockholders of record on Mar. 4, 2019, with an ex-dividend date of Mar. 1, 2019. The yield based on the new payout is 5.1%.
CSX (CSX) recently increased its quarterly dividend 9.1% to $0.24 per share. The dividend is payable Mar. 15, 2019 to stockholders of record on Feb. 28, 2019, with an ex-dividend date of Feb. 27, 2019. The yield based on the new payout is 1.4%.
Exelon (EXC) recently increased its quarterly dividend 5.1% to $0.3625 per share. The dividend is payable Mar. 8, 2019 to stockholders of record on Feb. 20, 2019, with an ex-dividend date of Feb. 19, 2019. The yield based on the new payout is 3.1%.
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: Long MMM,
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Tags: GILD, MMM, GLW, UNP, SU, CSX, EXC,
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