7 Stocks Increasing Dividends Like A Champion

There are winners and there are champions in every walk of life. The difference is subtle, but very real. A champion is driven for success and will not let anything stand in its way. Some dividend stocks can be classified as champions. A bad economy, tight credit markets and a dark cloud of uncertainty are enough send some dividend companies running for the exit. However, these are the times that champions stand firm.

This week several companies answered the call and rewarded their shareholders with higher cash dividends:

Phillips 66 (PSX) recently increased its quarterly dividend 12% to $0.90 per share. The dividend is payable Jun. 3, 2019 to stockholders of record on May 20, 2019, with an ex-dividend date of May 17, 2019. The yield based on the new payout is 4.2%.

Main Street Capital (MAIN) recently increased its quarterly dividend 2.5% to $0.205 per share. The dividend is payable Jul. 15, 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 6.2%.

Wynn Resorts (WYNN) recently increased its quarterly dividend 33% to $1.00 per share. The dividend is payable May 30, 2019 to stockholders of record on May 22, 2019, with an ex-dividend date of May 21, 2019. The yield based on the new payout is 2.9%.

Peabody Energy (BTU) recently increased its quarterly dividend 7.7% to $0.14 per share. The dividend is payable Jun. 12, 2019 to stockholders of record on May 22, 2019, with an ex-dividend date of May 21, 2019. The yield based on the new payout is 2.0%.

Marriott (MAR) recently increased its quarterly dividend 17% to $0.48 per share. The dividend is payable Jun. 28, 2019 to stockholders of record on May 24, 2019, with an ex-dividend date of May 23, 2019. The yield based on the new payout is 1.5%.

Cardinal Health (CAH) recently increased its quarterly dividend 1% to $0.4811 per share. The dividend is payable Jul. 15, 2019 to stockholders of record on Ju1. 1, 2019, with an ex-dividend date of Jun. 28, 2019. The yield based on the new payout is 3.9%.

Baxter (BAX) recently increased its quarterly dividend 16% to $0.22 per share. The dividend is payable Jul. 1, 2019 to stockholders of record on Jun. 7, 2019, with an ex-dividend date of Jun. 6, 2019. The yield based on the new payout is 1.1%.

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: PSX, WYNN, MAIN, BTU, MAR, CAH, BAX,
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