7 Stocks Providing A Growing Income With Increased Dividends

How much money will you need for retirement? This a very difficult question to answer. There are many factors and assumptions that go into estimating the income that will be needed in retirement. However, one certainty is that if you only invest in fixed income securities, you will need more than if your investments provide you a growing income.

Below are several companies that are providing their shareholders a growing income with higher cash dividends:

Exxon Mobil (XOM) recently increased its quarterly dividend 6.1% to $0.87 per share. The dividend is payable Jun. 10, 2019 to stockholders of record on May 13, 2019, with an ex-dividend date of May 10, 2019. The yield based on the new payout is 4.2%.

SAP SE (SAP) recently increased its quarterly dividend 7.1% to EUR 1.50 per share. The dividend is payable May 28, 2019 to stockholders of record on May 17, 2019, with an ex-dividend date of May 16, 2019. The yield based on the new payout is 1.5%.

MetLife (MET) recently increased its quarterly dividend 4.8% to $0.44 per share. The dividend is payable Jun. 13, 2019 to stockholders of record on May 7, 2019, with an ex-dividend date of May 6, 2019. The yield based on the new payout is 3.9%.

Magellan Midstream Partners (MMP) recently increased its quarterly dividend 0.8% to $1.005 per share. The dividend is payable May 15, 2019 to stockholders of record on May 8, 2019, with an ex-dividend date of May 7, 2019. The yield based on the new payout is 6.6%.

Xilinx (XLNX) recently increased its quarterly dividend 2.8% to $0.37 per share. The dividend is payable Jun. 3, 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 1.1%.

Noble Energy (NBL) recently increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable May 20, 2019 to stockholders of record on May 6, 2019, with an ex-dividend date of May 3, 2019. The yield based on the new payout is 1.7%.

Cabot Oil & Gas (COG) recently increased its quarterly dividend 28.6% to $0.09 per share. The dividend is payable May 29, 2019 to stockholders of record on May 15, 2019, with an ex-dividend date of May 14, 2019. The yield based on the new payout is 1.4%.

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 XOM

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Tags: XOM, SAP, MET, MMP, XLNX, NBL, COG,
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