7 Stocks Enticing Investors With Higher Dividends

The goals of an income portfolio are much different than those of a capital appreciation portfolio. The good news is an income portfolio consisting of quality dividend growth stocks can not only succeed, but excel during a market downturn. Dividend investors are focused on building a stream of steadily rising income from solid companies. While some panic when their portfolios decline, income investors see a downturn as an incredible buying opportunity as they are look for sustainable growing dividends.

Below are several stocks trying to entice investors with higher cash dividends:

Lockheed Martin (LMT) recently increased its quarterly dividend 9.1% to $2.40 per share. The dividend is payable Dec. 27, 2019 to stockholders of record on Dec. 2, 2019, with an ex-dividend date of Nov. 29, 2019. The yield based on the new payout is 2.4%.

American Express (AXP) recently increased its quarterly dividend 10% to $0.43 per share. In addition, Announces a program to buy up to 120M of common shares, replacing the prior repurchase authorization for up to 150M shares that was adopted in 2016. The yield based on the new payout is 1.4%.

Honeywell (HON) recently increased its quarterly dividend 9.8% to $0.90 per share. The dividend is payable Dec. 6, 2019 to stockholders of record on Nov. 15, 2019, with an ex-dividend date of Nov. 14, 2019. The yield based on the new payout is 2.2%.

American Tower (AMT) recently increased its quarterly dividend 3.3% to $0.95 per share. The dividend is payable Oct. 9, 2019 to stockholders of record on Sep. 27, 2019, with an ex-dividend date of Sep. 26, 2019. The yield based on the new payout is 1.6%.

Illinois Tool Works (ITW) recently increased its quarterly dividend 7% to $1.07 per share. The dividend is payable Oct. 9, 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 2.8%.

DENTSPLY SIRONA (XRAY) recently increased its quarterly dividend 14% to $0.10 per share. The dividend is payable Oct. 11, 2019 to stockholders of record on Sep. 27, 2019, with an ex-dividend date of 26, 2019. The yield based on the new payout is 0.8%.

OGE Energy (OGE) recently increased its quarterly dividend 6.2% to $0.3875 per share. The dividend is payable Oct. 30, 2019 to stockholders of record on Oct. 10, 2019, with an ex-dividend date of Oct. 9, 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: LMT, AXP, HON, AMT, ITW, XRAY, OGE,
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