7 Stocks Raising Dividends and Expectations

Have you ever pondered the concept of forever or infinity? It is truly mind boggling! What is even more astonishing is that when I buy a stock, my target holding period is forever. For most people, myself included, that is hard to grasp and to carry out. When things start going bad, our primal instinct of flight kicks in and we want to sell. In many cases, that is the time we should be buying. Holding a stock through an economic downturn is much easier when it pays a rising dividend.

Below are several companies giving their shareholders a reason not to sell by increasing their cash dividends:

Dominion Energy (D) recently increased its quarterly dividend 2.5% to $0.94 per share. The dividend is payable Mar. 20, 2020 to stockholders of record on Feb. 28, 2020, with an ex-dividend date of Feb. 27, 2020. The yield based on the new payout is 4.5%.

Valero Energy (VLO) recently increased its quarterly dividend 8.9% to $0.98 per share. The dividend is payable March 4, 2020 to stockholders of record on Feb. 12, 2020, with an ex-dividend date of Feb. 11, 2020. The yield based on the new payout is 4.4%.

Kimberly-Clark (KMB) recently increased its quarterly dividend 3.9% to $1.07 per share. The dividend is payable Apr. 2, 2020 to stockholders of record on Mar. 6, 2020, with an ex-dividend date of Mar. 5, 2020. The yield based on the new payout is 3.0%.

Yum! Brands (YUM) recently increased its quarterly dividend 12% to $0.47 per share. The dividend is payable Mar. 6, 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 1.8%.

Magellan Midstream Partners (MMP) recently increased its quarterly dividend 0.7% to $1.0275 per share. The dividend is payable Feb. 14, 2020 to stockholders of record on Feb. 7, 2020, with an ex-dividend date of Feb. 6, 2020. The yield based on the new payout is 6.3%.

NRG Energy (NRG) recently increased its quarterly dividend 900% to $0.30 per share. The dividend is payable Feb. 18, 2020 to stockholders of record on Feb. 21, 2020, with an ex-dividend date of Feb. 20, 2020. The yield based on the new payout is 3.1%.

Teradyne (TER) recently increased its quarterly dividend 11% to $0.10 per share. The dividend is payable Mar. 20, 2020 to stockholders of record on Feb 21, 2020, with an ex-dividend date of Feb. 20, 2020. The yield based on the new payout is 0.6%.

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 KMB.

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Tags: D, VLO, KMB, YUM, MMP, NRG, TER,
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