Are you confident and secure in your investing process? It appears many people are not, including friends, family and acquaintances who jump in and out of the market. I believe that most investors will lose money in the stock market over their lifetime.
It is not that the market is a bad place to invest your money, but left unchecked the psychology of the market will lead you to do just the opposite of what you should to be doing. We must follow a process we are 100% confident in. Doubt is the gateway to destructive behavior. For me, dividend growth investing is what I am confident and secure in.
Below are several companies confident and secure enough in their business to increase their cash dividends:
ConocoPhillips (COP) recently increased its quarterly dividend 38% to $0.42 per share. The dividend is payable Dec. 2, 2019 to stockholders of record on Oct. 17, 2019, with an ex-dividend date of Oct. 16, 2019. The yield based on the new payout is 3.1%.
Sirius XM (SIRI) recently increased its quarterly dividend 9.9% to $0.01331 per share. The dividend is payable Nov. 29, 2019 to stockholders of record on Nov. 8, 2019, with an ex-dividend date of Nov. 7, 2019. The yield based on the new payout is 0.8%.
Enterprise Products Partners (EPD) recently increased its quarterly dividend 0.6% to $0.4425 per share. The dividend is payable Nov. 12, 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 6.41%.
International Paper (IP) recently increased its quarterly dividend 5.3% to $0.5125 per share. The dividend is payable Dec. 16, 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 5.34%.
Intuit (INTU) recently increased its quarterly dividend 13% to $0.53 per share. The dividend is payable Oct. 18, 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 0.8%.
A. O. Smith (AOS) recently increased its quarterly dividend 9.1% to $0.24 per share. The dividend is payable Nov. 15, 2019 to stockholders of record on Oct. 25, 2019, with an ex-dividend date of Oct. 24, 2019. The yield based on the new payout is 2.1%.
Thor (THO) recently increased its quarterly dividend 2.6% to $0.40 per share. The dividend is payable Nov. 8, 2019 to stockholders of record on Oct. 25, 2019, with an ex-dividend date of Oct. 24, 2019. The yield based on the new payout is 3.0%.
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: COP, SIRI, EPD, IP, INTU, AOS, THOR,
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