Americans are worried that they might not have enough money for retirement. Women who outlive their husbands are at special risk, with 40 percent of widows living almost exclusively on Social Security. There are a lot of worried retirees out there. So, what are your retirement plans? Quality low-risk dividend growth stocks make an excellent addition to our retirement portfolio, and the good news is, you don’t have to wait until you retire to figure out what income it will generate.
Below are several companies delivering More cash to their shareholders by raising their dividends:
Pfizer (PFE) recently increased its quarterly dividend 5.6% to $0.38 per share. The dividend is payable Mar. 6, 2020 to stockholders of record on Jan. 31, 2020, with an ex-dividend date of Jan. 30, 2020. The yield based on the new payout is 4.0%.
Eli Lilly (LLY) recently increased its quarterly dividend 15% to $0.74 per share. The dividend is payable Mar. 10, 2020 to stockholders of record on Feb. 14, 2020, with an ex-dividend date of Feb. 13, 2020. The yield based on the new payout is 2.4%.
Waste Management (WM) recently increased its quarterly dividend 6.3% to $0.545 per share. The first dividend will likely be paid to stockholders in March 2020. The yield based on the new payout is 1.9%.
Taiwan Semiconductor Manufacturing (TSM) recently increased its quarterly dividend 25% to NT$2.50 per share. The dividend is payable Jan. 16, 2020 to stockholders of record on Dec. 20, 2019, with an ex-dividend date of Dec. 19, 2019.
W. P. Carey (WPC) recently increased its quarterly dividend 0.2% to $1.038 per share. The dividend is payable Jan. 15, 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 5.4%.
FMC (FMC) recently increased its quarterly dividend 10% to $0.44 per share. The dividend is payable Jan. 16, 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 1.8%.
Invesco Mortgage Capital (IVR) recently increased its quarterly dividend 11% to $0.50x per share. The dividend is payable Jan. 28, 2020 to stockholders of record on Dec. 27, 2020, with an ex-dividend date of Dec. 26x, 2020. The yield based on the new payout is 12%.
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: PFE, LLY, WM, TSM, WPC, FMC, LW, IVR,
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