7 Stocks Raising The Bar With Higher Dividends

Have you ever noticed those that most vehemently attack a buy-and-hold strategy really don’t understand how the strategy works? They confuse a buy-and-hold strategy with day-trading with a longer duration. A true implementation of buy-and-hold includes a focus on blue-chip stocks with a sustainable advantage, along with a reasonable asset allocation framework. One sign of a blue-chip stock is a long string of dividend increases.

Below are several companies that have recently raised the bar by increasing their cash dividends:

NIKE (NKE) recently increased its quarterly dividend 11% to $0.245 per share. The dividend is payable Jan. 2, 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 1.1%.

HP (HPQ) recently increased its quarterly dividend 10% to $0.1762 per share. The dividend is payable Jan. 2, 2019 to stockholders of record on Dec. 11, 2019, with an ex-dividend date of Dec. 10, 2019. The yield based on the new payout is 3.6%.

Automatic Data Processing (ADP) recently increased its quarterly dividend 15.2% to $0.91 per share. The dividend is payable Jan. 1, 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 2.2%.

Sysco (SYY) recently increased its quarterly dividend 15% to $0.45 per share. The dividend is payable Jan. 24, 2019 to stockholders of record on Jan. 3, 2019, with an ex-dividend date of Jan. 2, 2019. The yield based on the new payout is 2.2%.

HollyFrontier (HFC) recently increased its quarterly dividend 6.1% to $0.35 per share. The dividend is payable Dec. 11, 2019 to stockholders of record on Nov. 27, 2019, with an ex-dividend date of Nov. 26, 2019. The yield based on the new payout is 2.7%.

D. R. Horton (DHI) recently increased its quarterly dividend 17% to $0.175 per share. The dividend is payable Dec. 11, 2019 to stockholders of record on Nov. 27, 2019, with an ex-dividend date of Nov. 26, 2019. The yield based on the new payout is 1..%.

Motorola Solutions (MSI) recently increased its quarterly dividend 12% to $0.64 per share. The dividend is payable Jan. 15, 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 1.6%.

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 SYY,.

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Tags: NKE, HPQ, ADP, SYY, HFC, DHI, MSI,
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