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:

Procter & Gamble (PG) recently increased its quarterly dividend 4% to $0.7459 per share. The dividend is payable May 15, 2019 to stockholders of record on Apr. 19, 2019, with an ex-dividend date of Apr. 17, 2019. The yield based on the new payout is 2.8%.

Enterprise Products Partners (EPD) recently increased its quarterly dividend 0.6% to $0.4375 per share. The dividend is payable May 13, 2019 to stockholders of record on Apr. 30, 2019, with an ex-dividend date of Apr. 29, 2019. The yield based on the new payout is x%.

Plains All American Pipeline (PAA) recently increased its quarterly dividend 20% to $0.36 per share. The dividend is payable May 15, 2019 to stockholders of record on May 1, 2019, with an ex-dividend date of Apr 30, 2019. The yield based on the new payout is 6.0%.

Bed Bath & Beyond (BBBY) recently increased its quarterly dividend 6.3% to $0.17 per share. The dividend is payable July 16, 2019 to stockholders of record on Jun. 14, 2019, with an ex-dividend date of Jun. 13, 2019. The yield based on the new payout is 3.5%.

Gladstone Land Corporation (LAND) recently increased its quarterly dividend 0.2% to $0.0445 per share. The dividend is payable Apr. 30, 2019 to stockholders of record on Apr. 22, 2019, with an ex-dividend date of Apr. 18, 2019. The yield based on the new payout is 4.4%.

Tallgrass Energy (TGE) recently increased its quarterly dividend 1.9% to $0.53 per share. The dividend is payable May 15, 2019 to stockholders of record on Apr. 30, 2019, with an ex-dividend date of Apr. 29, 2019. The yield based on the new payout is 8.6%.

Antero Midstream (AM) recently increased its quarterly dividend 84% to $0.3025 per share. The dividend is payable May 8, 2019 to stockholders of record on Apr. 26, 2019, with an ex-dividend date of Apr 25, 2019. The yield based on the new payout is 8.6%.

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: Long PG.

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Tags: PG, EPD, PAA, BBBY, LAND, TGE, AM,
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