7 Stocks Compounding Your Returns With Increased Dividends

Too often we take a short-term approach, to our long-term detriment. There is a reason we don't see infomercials selling dividend growth investment strategies. For those looking to get rich now, a disciplined approach to investing that focuses on the long-term simply isn't appealing. If I knew in my 20's or 30's what I know now about dividend growth stocks, I would likely be retired now. The compounding power of growing dividends is tremendous.

Below are several companies that are demonstrating the power of compounding dividends by increasing their cash dividends:

Barrick Gold (GOLD) recently increased its quarterly dividend 25% to $0.05 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 1.2%.

Emerson Electric (EMR) recently increased its quarterly dividend 2% to $0.50 per share. The dividend is payable Dec. 10, 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 2.7%.

NortonLifeLock (NLOK) recently increased its quarterly dividend 67% to $0.125 per share. The dividend is payable Dec. 18, 2019 to stockholders of record on Nov. 25, 2019, with an ex-dividend date of Nov. 22, 2019. The yield based on the new payout is 2.1%.

Microchip Technology (MCHP) recently increased its quarterly dividend 0.1% to $0.3665 per share. The dividend is payable Dec. 5, 2019 to stockholders of record on Nov. 21, 2019, with an ex-dividend date of Nov. 20, 2019. The yield based on the new payout is 1.5%.

WestRock (WRK) recently increased its quarterly dividend 2.2% to $0.465 per share. The dividend is payable Dec. 3, 2019 to stockholders of record on Nov. 19, 2019, with an ex-dividend date of Nov. 18, 2019. The yield based on the new payout is 4.7%.

KLA (KLAC) recently increased its quarterly dividend 13% to $0.85 per share. The dividend is payable Dec. 3, 2019 to stockholders of record on Nov. 18, 2019, with an ex-dividend date of Nov. 15, 2019. The yield based on the new payout is 2.0%.

TELUS (TU) recently increased its quarterly dividend 3.6% to C$0.5825 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 4.9%.

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 EMR,

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Tags: GOLD, EMR, NLOK, MCHP, WRK, KLAC, TU,
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