7 Stocks Giving Their Shareholders A Raise With Higher Dividends

Dividend stocks are sometimes referred to as defensive stocks since many investors flee to them in an economic downturn. Their dividends, if sustainable, provide a minimum level of positive return. This cushions the downward pressure from the market. Better yet, great dividend companies not only sustain their dividends in a downturn - they actually raise them.

Below are several stocks displaying confidence in the future by increasing their cash dividends:

Omega Healthcare Investors (OHI) recently increased its quarterly dividend 1.5% to $0.67 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 6.2%.

Crown Castle (CCI) recently increased its quarterly dividend 6.7% to $1.20 per share. The dividend is payable Dec. 31, 2019 to stockholders of record on Dec. 13, 2019, with an ex-dividend date of Dec. 12, 2019. The yield based on the new payout is 3.6%.

Wendy's (WEN) recently increased its quarterly dividend 20% to $0.12 per share. The dividend is payable Dec. 16, 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 2.6%.

Bank of New York Mellon (BK) recently increased its quarterly dividend 11% to $0.31 per share. The dividend is payable Nov. 8, 2019 to stockholders of record on Oct. 28, 2019, with an ex-dividend date of Oct. 25, 2019. The yield based on the new payout is 2.8.

Phillips 66 Partners (PSXP) recently increased its quarterly dividend 1.2% to $0.865 per share. The dividend is payable Nov. 13, 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 6.2%.

Western Midstream Partners (WES) recently increased its quarterly dividend 0.3% to $0.62 per share. The dividend is payable Nov. 13, 2019 to stockholders of record on Nov. 1, 2019, with an ex-dividend date of Oct. 31, 2019. The yield based on the new payout is 10.5%.

RMR Group (RMR) recently increased its quarterly dividend 8.6% to $0.38 per share. The dividend is payable Nov. 14, 2019 to stockholders of record on Oct. 28, 2019, with an ex-dividend date of Oct. 25, 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: Long OMI,

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Tags: OHI, CCI, WEN, BK, PSXP, WES, RMR,
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