7 Stocks Delivering What's Important: Dividend Increases

We all know what surprising The Street will do to a stock’s price. The street focuses on quarterly revenue, EPS, EBIT, EBITDA and margins. The income statement is where you find all the metrics that The Street loves. It therefore must be the most important financial statement. Not! That title goes to the lowly cash flow statement. Ultimately cash flow is what drives the value of any financial asset, including dividend stocks.

This week several companies provided their shareholders with a special delivery in the form of higher cash dividends:

Southwest Airlines (LUV) recently increased its quarterly dividend 12% to $0.18 per share. The dividend is payable Jun. 26, 2019 to stockholders of record on Jun. 5, 2019, with an ex-dividend date of Jun. 4, 2019. The yield based on the new payout is 1.4%.

Northrop Grumman (NOC) recently increased its quarterly dividend 10% to $1.32 per share. The dividend is payable Jun. 19, 2019 to stockholders of record on Jun. 3, 2019, with an ex-dividend date of jun. 31, 2019. The yield based on the new payout is 1.8%.

Chubb (CB) recently increased its quarterly dividend 2.7% to $0.75 per share. The dividend is payable Jul. 12, 2019 to stockholders of record on Jun. 21, 2019, with an ex-dividend date of Jun 20, 2019. The yield based on the new payout is 2.1%.

Ralph Lauren (RL) recently increased its quarterly dividend 10% to $0.6875 per share. The dividend is payable Jul. 12, 2019 to stockholders of record on Jun. 28, 2019, with an ex-dividend date of Jun. 27, 2019. The yield based on the new payout is 2.3%.

CoreSite Realty (COR) recently increased its quarterly dividend 18% to $1.22 per share. The dividend is payable Jul. 15, 2019 to stockholders of record on Ju.. 28, 2019, with an ex-dividend date of Jun. 27, 2019. The yield based on the new payout is 4.2%.

FactSet Research Systems (FDS) recently increased its quarterly dividend 12% to $0.72 per share. The dividend is payable Jun. 18, 2019 to stockholders of record on May 31, 2019, with an ex-dividend date of May 30, 2019. The yield based on the new payout is 1.0%.

Legg Mason (LM) recently increased its quarterly dividend 18% to $0.40 per share. The dividend is payable Jul. 22, 2019 to stockholders of record on Jul. 2, 2019, with an ex-dividend date of Jul. 1, 2019. The yield based on the new payout is 4.8%.

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: LUV, NOC, CB, RL, COR, FDS, LM,
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