5 Stocks Increasing Shareholder Wealth With Higher Dividends

Dividend growth investing is a long-term strategy. A growing dividend is a sign that the company is becoming more valuable. Companies that consistently increase dividends tend to have steadily rising share prices and the best way to benefit from this is to buy and hold the stocks. Diversification and a focus on blue-chip stocks provides insurance for the few companies that don't pan out.

Here are several companies compounding their shareholder's wealth with increased cash dividends:

Bank OZK (OZK) recently increased its quarterly dividend 4.2% to $0.25 per share. The dividend is payable Oct. 18, 2019 to stockholders of record on Oct. 15, 2019, with an ex-dividend date of Oct. 14, 2019. The yield based on the new payout is 3.8%.

RPM (RPM) recently increased its quarterly dividend 2.9% to $0.36 per share. The dividend is payable Oct. 31, 2019 to stockholders of record on Oct. 15, 2019, with an ex-dividend date of Oct. 14, 2019. The yield based on the new payout is 2.1%.

Northwest Natural Holding (NWN) recently increased its quarterly dividend 0.5% to $0.4775 per share. The dividend is payable Nov. 15, 2019 to stockholders of record on Oct. 31, 2019, with an ex-dividend date of Oct. 30, 2019. The yield based on the new payout is 2.8%.

Calavo Growers (CVGW) recently increased its quarterly dividend 10% to $1.10 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 1.16%.

American Financial (NYSE:AFG) recently increased its quarterly dividend 12% to $0.45 per share. The dividend is payable Oct. 25, 2019 to stockholders of record on Oct. 15, 2019, with an ex-dividend date of Oct. 14, 2019. The yield based on the new payout is 1.7%.

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 NWN,

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Tags: OZK, RPM, NWN, CVGW, AFG,
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