7 Stocks Providing An Inflation Hedge With Increasing Dividends

With all the other investment strategies out there, why should investors consider dividend or income investing? There are a multitude of reasons to follow a dividend growth strategy. These include: investment stability, security of cash, continuous feedback, potential higher returns, low maintenance, et. al. But for me the most important reason is the inflation hedge that a growing income will provide in my retirement years.

Below are several companies building an inflation hedge for their shareholders by increasing their cash dividends:

Delta Air Lines (DAL) recently increased its quarterly dividend 15% to $0.4025 per share. The dividend is payable Aug. 15, 2019 to stockholders of record on Jul. 25, 2019, with an ex-dividend date of Jul. 24, 2019. The yield based on the new payout is 2.7%.

Walgreens Boots (WBA) recently increased its quarterly dividend 4% to $0.4575 per share. The dividend is payable Sep. 12, 2019 to stockholders of record on Aug. 20, 2019, with an ex-dividend date of Aug. 19, 2019. The yield based on the new payout is 3.3%.

Enterprise Products Partners (EPD) recently increased its quarterly dividend 0.6% to $0.44 per share. The dividend is payable Aug. 13, 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 6.0%.

Duke Energy (DUK) recently increased its quarterly dividend 1.9% to $0.945 per share. The dividend is payable Sep. 16, 2019 to stockholders of record on Aug. 16, 2019, with an ex-dividend date of Aug. 15, 2019. The yield based on the new payout is 4.2%.

Occidental Petroleum (OXY) recently increased its quarterly dividend 1.3% to $0.79 per share. The dividend is payable Oct. 15, 2019 to stockholders of record on Sep. 10, 2019, with an ex-dividend date of Sep. 9, 2019. The yield based on the new payout is 6.3%.

Cummins (CMI) recently increased its quarterly dividend 15% to $1.311 per share. The dividend is payable Sep. 3, 2019 to stockholders of record on Aug. 21, 2019, with an ex-dividend date of Aug. 20, 2019. The yield based on the new payout is 3.15%.

PNC Financial (PNC) recently increased its quarterly dividend 21% to $1.15 per share. The dividend is payable Aug. 5, 2019 to stockholders of record on Jul. 19, 2019, with an ex-dividend date of Jul. 18, 2019. The yield based on the new payout is 3.26%.

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 DUK,

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Tags: DAL, WBA, EPD, DUK, OXY, CMI, PNC,
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