7 Stocks Taking The Next Step With Higher Cash Dividends

Are you looking for companies that can sustain and grow their dividend? In making that determination, a company’s Statement of Earnings is one of the last places you should look. Cash is king for the dividend growth investor and the Statement of Cash Flows is where astute investors begin when they want to understand the viability of a company. To succeed as a dividend investor, you must find companies that can sustain and grow dividends by focusing on their ability to generate cash. You can fake earnings, but you can’t fake cash.

Below are several stocks using real cash to raise their dividends:

Visa (V) recently increased its quarterly dividend 20% to $0.30 per share. The dividend is payable Dec. 3, 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 0.7%.

Blackstone (BX) recently increased its quarterly dividend 2.1% to $0.49 per share. The dividend is payable Nov. 15, 2019 to stockholders of record on Nov. 4, 2019, with an ex-dividend date of Nov 1, 2019. The yield based on the new payout is 4.0%.

Magellan Midstream Partners (MMP) recently increased its quarterly dividend 0.7% to $1.02 per share. The dividend is payable Nov. 14, 2019 to stockholders of record on Nov. 7, 2019, with an ex-dividend date of Nov. 6, 2019. The yield based on the new payout is 6.4%.

ONEOK (OKE) recently increased its quarterly dividend 2.8% to $0.915 per share. The dividend is payable Nov. 14, 2019 to stockholders of record on Nov. 4, 2019, with an ex-dividend date of Nov. 1, 2019. The yield based on the new payout is 5.2%.

American Electric Power (AEP) recently increased its quarterly dividend 4.5% to $0.70 per share. The dividend is payable Dec. 10, 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 3.0%.

V.F. Corp (VFC) declares recently increased its quarterly dividend 12% to $0.48 per share. The dividend is payable Dec. 20, 2019 to stockholders of record on Dec. 10, 2019, with an ex-dividend date of Dec. 9, 2019. The yield based on the new payout is 2.1%.

Agnico Eagle (AEM) recently increased its quarterly dividend 40% to $0.175 per share. The dividend is payable Dec. 16, 2019 to stockholders of record on Nov. 29, 2019, with an ex-dividend date of Nov. 27, 2019. The yield based on the new payout is 1.3%.

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: V, BX, MMP, OKE, AEP, VFC, AEM,
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