7 Stocks Providing A Growing Income With Increased Dividends

For most people fortunate enough to be born in the U.S., or any other industrialized country, they have access to the two main ingredients to achieve financial success: 1. Opportunity and 2. Time. There are many valid ways to successfully build long-term wealth. Some involve more risk than others. Being relatively conservative, I have chosen Dividend Growth Stocks as a significant part of my financial plan. Many of today's dividend growth stocks have provided investors financial security for decades.

Below are some companies that understand the importance of growing their cash dividends:

STAG Industrial (STAG) recently increased its quarterly dividend 0.7% to $0.12 per share. The dividend is payable Feb. 18, 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 4.6%.

Lennar (LEN) recently increased its quarterly dividend 212% to $0.125 per share. The dividend is payable Feb. 7, 2020 to stockholders of record on Jan. 24, 2020, with an ex-dividend date of Jan. 23, 2020. The yield based on the new payout is 0.9%.

Pembina Pipeline (PBA) recently increased its quarterly dividend 5% to C$0.21 per share. The dividend is payable Feb. 14, 2020 to stockholders of record on Jan. 24, 2020, with an ex-dividend date of Jan. 23, 2020. The yield based on the new payout is 5.2%.

Greenbrier (GBX) recently increased its quarterly dividend 8% to $0.27 per share. The dividend is payable Feb. 18, 2020 to stockholders of record on Jan. 28, 2020, with an ex-dividend date of Jan. 27, 2020. The yield based on the new payout is 3.46%.

Ellington Financial (EFC) recently increased its quarterly dividend 7.1% to $0.15 per share. The dividend is payable Feb. 25, 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 9.8%.

Synnex (SNX) recently increased its quarterly dividend 6.7% to $0.40 per share. The dividend is payable Jan. 31, 2020 to stockholders of record on Jan. 24, 2020, with an ex-dividend date of Jan. 23, 2020. The yield based on the new payout is 1.3%.

Jefferies Financial Group (JEF) recently increased its quarterly dividend 20% to $0.15 per share. The dividend is payable Feb. 28, 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 2.7%.

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: STAG, LEN, PBA, GBX, EFC, SNX, JEF,
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