Below are several select companies with management and board confident enough to increase their cash dividends:
NXP Semiconductors (NXPI) recently increased its quarterly dividend 50% to $0.375 per share. The dividend is payable Oct. 4, 2019 to stockholders of record on Sep. 16, 2019, with an ex-dividend date of Sep. 13, 2019. The yield based on the new payout is 1.5%.
Lam Research (LRCX) recently increased its quarterly dividend 4.5% to $0.1.15 per share. The dividend is payable Oct. 16, 2019 to stockholders of record on Oct. 1, 2019, with an ex-dividend date of Sep. 30, 2019. The yield based on the new payout is 2.2%.
Bank of Nova Scotia (BNS) recently increased its quarterly dividend 3.4% to C$0.90 per share. The dividend is payable Oct. 29, 2019 to stockholders of record on Oct. 1, 2019, with an ex-dividend date of Sep. 30, 2019. The yield based on the new payout is 5.3%.
Golden Ocean (GOGL) recently increased its quarterly dividend 300% to $0.10 per share. The dividend is payable Sep. 12, 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 5.4%.
Saratoga Investment (SAR) recently increased its quarterly dividend 1.8% to $0.56 per share. The dividend is payable Sep. 26, 2019 to stockholders of record on Sep. 13, 2019, with an ex-dividend date of Sep. 12, 2019. The yield based on the new payout is 1.8%.
Atlantica Yield (AY) recently increased its quarterly dividend 2.6% to $0.40 per share. The dividend is payable Sep. 13, 2019 to stockholders of record on Sep. 13, 2019, with an ex-dividend date of Aug. 30, 2019. The yield based on the new payout is Aug. 29%.
Bebe stores (BEBE) recently increased its quarterly dividend 36% to $0.17 per share. The dividend is payable Sep. 23, 2019 to stockholders of record on Sep. 6, 2019, with an ex-dividend date of Sep. 5, 2019. The yield based on the new payout is 11.3%.
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: NXP, LRCX, BNS, GOGL, SAR, AY, BEBE,
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