With time, you can wait for blue-chip stocks to build a high yield-on-cost by growing their dividends. Below are several companies building shareholder wealth by increasing their cash dividends:
BP Midstream Partners (BPMP) recently increased its quarterly dividend 3.6% to $0.3237 per share. The dividend is payable Aug. 14, 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 8.1%.
Nutrien (NTR) recently increased its quarterly dividend 4.7% to $0.45 per share. The dividend is payable Oct. 17, 2019 to stockholders of record on Sep. 30, 2019, with an ex-dividend date of Sep. 27, 2019. The yield based on the new payout is 3.3%.
Mondelēz (MDLZ) recently increased its quarterly dividend 9.6% to $0.285 per share. The dividend is payable Oct. 14, 2019 to stockholders of record on Sep. 30, 2019, with an ex-dividend date of Sep. 27, 2019. The yield based on the new payout is 2.1%.
Simon Property (SPG) recently increased its quarterly dividend 2.4% to $2.10 per share. The dividend is payable Aug. 30, 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 5.2%.
McKesson (MCK) recently increased its quarterly dividend 5.1% to $0.41 per share. The dividend is payable Oct. 1, 2019 to stockholders of record on Sep. 3, 2019, with an ex-dividend date of Aug. 30, 2019. The yield based on the new payout is 1.2%.
BB&T (BBT) recently increased its quarterly dividend 11% to $0.45 per share. The dividend is payable Sep. 3, 2019 to stockholders of record on Aug. 14, 2019, with an ex-dividend date of Aug. 13, 2019. The yield based on the new payout is 3.5%.
Scotts Miracle-Gro (SMG) recently increased its quarterly dividend 5.5% to $0.58 per share. The dividend is payable Sep. 10, 2019 to stockholders of record on Aug. 27, 2019, with an ex-dividend date of Aug. 26, 2019. The yield based on the new payout is 2.1%.
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: No position in the aforementioned securities.
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