This week several companies made their shareholders happy by giving them a raise in cash dividends:
Home Depot (HD) recently increased its quarterly dividend 32% to $1.36 per share. The dividend is payable Mar. 28, 2019 to stockholders of record on Mar. 14, 2019, with an ex-dividend date of Mar. 13, 2019. The yield based on the new payout is 2.9%.
Applied Materials (AMAT) recently increased its quarterly dividend 5% to $0.21 per share. The dividend is payable Jun. 13, 2019 to stockholders of record on May 23, 2019, with an ex-dividend date of May 22, 2019. The yield based on the new payout is 2.2%.
Novartis (NVS) recently increased its quarterly dividend 1.8%. The dividend is payable Mar. 13, 2019 to stockholders of record on Mar. 5, 2019, with an ex-dividend date of Mar. 4, 2019.
Best Buy (BBY) recently increased its quarterly dividend 11% to $0.50 per share. The dividend is payable Apr. 30, 2019 to stockholders of record on Mar. 20, 2019, with an ex-dividend date of Mar. 19, 2019. The yield based on the new payout is 2.9%.
Toronto-Dominion Bank (TD) recently increased its quarterly dividend 10% to C$0.74 per share. The dividend is payable Apr. 30, 2019 to stockholders of record on Apr. 10, 2019, with an ex-dividend date of Apr. 9, 2019. The yield based on the new payout is 2.2%.
Wyndham Hotels & Resorts (WH) recently increased its quarterly dividend 16% to $0.29 per share. The dividend is payable Mar. 29, 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 2.2%.
Main Street Capital (MAIN) recently increased its quarterly dividend 2.6% to $0.20 per share. The dividend is payable Apr. 15, 2019 to stockholders of record on Mar. 20, 2019, with an ex-dividend date of Mar. 19, 2019. The yield based on the new payout is 6.2%.
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 MAIN
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Tags: HD, AMAT, NVS, BBY, TD, WH, MAIN,
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