7 Stocks Building Future Yield With Higher Dividends

As a young investor I followed an aggressive growth strategy. Having narrowly missed the tech bubble bursting, I purchased my first dividend stock on December 11, 2003. I had heard dividend investments were supposed to be safer, but knew very little else about the strategy. I was fortunate enough to accidentally buy several good dividend growth stocks and learn the “secret” of dividend investing. It is not necessarily starting with a high-yield investment, but ending up with a high-yield investment. This usually occurs by buying stocks with a moderate yield and a long history of growing dividends and letting time do its job.

This week several companies are building future yield by increasing the cash dividends paid to their shareholders:

Constellation Brands (STZ) recently increased its quarterly dividend 1.4% to $0.75 per share. The dividend is payable May 24, 2019 to stockholders of record on May 10, 2019, with an ex-dividend date of May 9, 2019. The yield based on the new payout is 1.7%.

TJX (TJX) recently increased its quarterly dividend 18% to $0.23 per share. The dividend is payable Jun. 6, 2019 to stockholders of record on May 16, 2019, with an ex-dividend date of May 15, 2019. The yield based on the new payout is 1.7%.

ABB (ABB) recently increased its annual dividend 2.6% to CHF 0.80 per share. The dividend for stockholders of record on May 7, 2019, with an ex-dividend date of May 6, 2019. The yield based on the new payout is 4.1%.

Aon (AON) recently increased its quarterly dividend 10% to $0.44 per share. The dividend is payable May 15, 2019 to stockholders of record on Apr. 15, 2019, with an ex-dividend date of Apr. 12, 2019. The yield based on the new payout is 1.0%.

Bank OZK (OZK) recently increased its quarterly dividend 4.5% to $0.22 per share. The dividend is payable Apr. 22, 2019 to stockholders of record on Apr. 15, 2019, with an ex-dividend date of Apr. 12, 2019. The yield based on the new payout is 3.1%.

H.B. Fuller (FUL) recently increased its quarterly dividend 3% to $0.16 per share. The dividend is payable May 2, 2019 to stockholders of record on Apr. 18, 2019, with an ex-dividend date of Apr. 17, 2019. The yield based on the new payout is 1.3%.

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: STZ, TJX, ABB, AON, OZK, FUL,
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