7 Stocks Using Cash To Pay Higher Dividends

The Boston Consulting Group doesn’t discount the role that stock buybacks can play in boosting near-term returns for some companies. But the firm’s research indicates that stock buybacks do not change investors’ estimates for long-term earnings-per-share growth, or induce them to accord a company a higher valuation multiple. By contrast, it says, dividend growth has a far more positive long-term impact.

Below are several companies that recently used cash to increase dividends paid to their shareholders:

American Tower (AMT) recently increased its quarterly dividend 2.2% to $0.92 per share. The dividend is payable Jul. 12, 2019 to stockholders of record on Jun. 19, 2019, with an ex-dividend date of Jun. 18, 2019. The yield based on the new payout is 1.8%.

Clorox (CLX) recently increased its quarterly dividend 10% to $1.06 per share. The dividend is payable Aug. 16, 2019 to stockholders of record on Jul. 31, 2019, with an ex-dividend date of Jul. 30, 2019. The yield based on the new payout is 2.9%.

Mosaic (MOS) recently increased its quarterly dividend 100% to $0.025 per share. The dividend is payable Jun. 20, 2019 to stockholders of record on Jun. 6, 2019, with an ex-dividend date of Jun. 5, 2019. The yield based on the new payout is 0.9%.

NetApp (NTAP) recently increased its quarterly dividend 20% to $0.40 per share. The dividend is payable Jul. 24, 2019 to stockholders of record on Jul. 5, 2019, with an ex-dividend date of Jul. 3, 2019. The yield based on the new payout is 2.9%.

DXC Technology (DXC) recently increased its quarterly dividend 10% to $0.21 per share. The dividend is payable Jul. 16, 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 1.6%.

Flowers Foods (FLO) recently increased its quarterly dividend 5.6% to $0.18 per share. The dividend is payable Jun. 21, 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 3.3%.

Extra Space Storage (EXR) recently increased its quarterly dividend 4.7% to $0.90 per share. The dividend is payable Jun. 28, 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 3.4%.

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: No position in the aforementioned securities.

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Tags: AMT, CLX, MOS, NTAP, DXC, FLO, EXR,
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