Below are several companies delivering good news to their shareholders with recently increased cash dividends:
Bank OZK (OZK) recently increased its quarterly dividend 4% to $0.26 per share. The dividend is payable Jan. 24, 2020 to stockholders of record on Jan. 17, 2020, with an ex-dividend date of Jan. 16, 2020. The yield based on the new payout is 3.4%.
Raymond James Financial (RJF) recently increased its quarterly dividend 8.8% to $0.37 per share. The dividend is payable Jan. 16, 2020 to stockholders of record on Jan. 2, 2020, with an ex-dividend date of Dec. 31, 2020. The yield based on the new payout is 1.6%.
Life Storage (LSI) recently increased its quarterly dividend 7% to $1.07 per share. The dividend is payable Jan. 27, 2020 to stockholders of record on Jan. 14, 2020, with an ex-dividend date of Jan. 13, 2020. The yield based on the new payout is 4.0%.
Alamo (ALG) recently increased its quarterly dividend 8.3% to $0.13 per share. The dividend is payable Jan. 29, 2020 to stockholders of record on Jan. 16, 2020, with an ex-dividend date of Jan. 15, 2020. The yield based on the new payout is 0.4%.
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: OZK, RJF, LSI, ALG,
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