7 Stocks Building Value With Higher Dividends

Most good things are worth waiting for. If you are to establish a long-term relationship with a stock, it better be a quality stock. Time is a powerful force, with it we can overcome poor choices, poor timing and bad decisions. Without it, we immediately are forced to pay for our indiscretions. When it comes to building retirement income, I look for stocks that have consistently increased their dividends for many consecutive years.

Below are several stocks building future gratification with higher cash dividends:

Mastercard (MA) recently increased its quarterly dividend 21% to $0.40 per share. The dividend is payable Feb. 7, 2020 to stockholders of record on Jan. 9, 2020, with an ex-dividend date of Jan. 8, 2020. The yield based on the new payout is 0.6%.

Bristol-Myers Squibb (BMY) recently increased its quarterly dividend 10% to $0.45 per share. The dividend is payable Feb. 3, 2020 to stockholders of record on Jan. 3, 2020, with an ex-dividend date of Jan. 2, 2020. The yield based on the new payout is 3.0%.

Bank of Montreal (BMO) recently increased its quarterly dividend 2.9% to C$1.06 per share. The dividend is payable Feb. 26, 2020 to stockholders of record on Feb. 3, 2020, with an ex-dividend date of Jan. 31, 2020. The yield based on the new payout is 4.2%.

Stryker Corporation (SYK) recently increased its quarterly dividend 11% to $0.575 per share. The dividend is payable Jan. 31, 2020 to stockholders of record on Dec. 31, 2019, with an ex-dividend date of Dec. 30, 2019. The yield based on the new payout is 1.1%.

Becton, Dickinson (BDX) recently increased its quarterly dividend 2.6% to $0.79 per share. The dividend is payable Dec. 31, 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 1.2%.

NetEase (NTES) recently increased its quarterly dividend 298% to $4.14 per share. The dividend is payable Dec. 13, 2019 to stockholders of record on Jan. 13, 2019, with an ex-dividend date of Jan. 10, 2019. The yield based on the new payout is 2.2%.

Hormel Foods (HRL) recently increased its quarterly dividend 11% to $0.2325 per share. The dividend is payable Feb. 18, 2020 to stockholders of record on Jan. 13, 2020, with an ex-dividend date of Jan. 10, 2020. The yield based on the new payout is 2.2%.

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: MA, BMY, BMO, SYK, BDX, NTES, HRL,
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