7 Stocks Making Their Investors Smile With Higher Dividends

At the end of each month I do an evaluation to determine which dividend stocks I will purchase in the following month. There is always a warm feeling of joy that comes over me when I buy one of my "favorite" dividend growth stocks. These are stocks that have earned a special place in my heart and they all have one thing in common - they consistently grow their dividends each year.

Below are several companies that made their investors smile this week with the promise of higher cash dividends:

Citigroup (C) recently increased its quarterly dividend 13% to $0.51 per share. The dividend is payable Aug. 23, 2019 to stockholders of record on Jul. 22, 2019, with an ex-dividend date of Aug. 2, 2019. The yield based on the new payout is 2.9%.

Caterpillar (CAT) recently increased its quarterly dividend 20% to $1.03 per share. The dividend is payable Aug. 20, 2019 to stockholders of record on Jul. 22, 2019, with an ex-dividend date of Jul. 19, 2019. The yield based on the new payout is 4.1%.

Goldman Sachs (GS) recently increased its quarterly dividend 47% to $1.25 per share. The dividend is payable Sep. 27, 2019 to stockholders of record on Aug. 30, 2019, with an ex-dividend date of Aug. 29, 2019. The yield based on the new payout is 2.4%.

Blackstone (BX) recently increased its quarterly dividend 30% to $0.48 per share. The dividend is payable Aug. 5, 2019 to stockholders of record on Jul. 29, 2019, with an ex-dividend date of Jul. 26, 2019. The yield based on the new payout is 4.2%.

Morgan Stanley (MS) declares $0.35/share quarterly dividend, 16.7% increase from prior dividend of $0.30.
Forward yield 3.2%
Payable Aug. 15; for shareholders of record July 31; ex-div July 30.

American Express (NYSE:AXP) recently increased its quarterly dividend 10% to $0.43 per share. The yield based on the new payout is 1.3%.

Discover Financial Services (DFS) recently increased its quarterly dividend 10% to $0.44 per share. The dividend is payable Sep. 5, 2019 to stockholders of record on Aug. 22, 2019, with an ex-dividend date of Aug. 21, 2019. The yield based on the new payout is 2.2%.

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: C, CAT, GS, BX, MS, AXP, DFS,
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