7 Stocks Building A Higher Yield With Increased Dividends

Every investor wants to earn more. It is how we define "more" and how we go about earning it that determines the type of investor we are. Income investors want more income. Yield is a significant determinate of income. Instead of buying a current high-yield stock, investors in dividend growth stocks prefer to build their own. Granted, the current yield may never be classified as high-yield, but over time the yield-on-cost can reach epic heights.

Below are several companies that chose to build a higher yield for their shareholders with increased cash dividends:

Cisco (CSCO) recently increased its quarterly dividend 2.9% to $0.36 per share. The dividend is payable Apr. 22, 2020 to stockholders of record on Apr. 3, 2020, with an ex-dividend date of Apr. 2, 2020. The yield based on the new payout is 2.9%.

Barrick Gold (GOLD) recently increased its quarterly dividend 40% to $0.05 per share. The dividend is payable Mar. 16, 2020 to stockholders of record on Feb. 28, 2020, with an ex-dividend date of Feb. 25, 2020. The yield based on the new payout is 1.5%.

United Parcel Service (UPS) recently increased its quarterly dividend 5.2% to $1.01 per share. The dividend is payable Mar. 10, 2020 to stockholders of record on Feb. 25, 2020, with an ex-dividend date of Feb. 24, 2020. The yield based on the new payout is 3.8%.

CSX (CSX) recently increased its quarterly dividend 8.3% to $0.26 per share. The dividend is payable Mar. 13, 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 1.3%.

Yamana Gold (AUY) recently increased its quarterly dividend 25% to $0.0125 per share. The dividend is payable Apr. 14, 2020 to stockholders of record on Mar. 31, 2020, with an ex-dividend date of Mar. 30, 2020. The yield based on the new payout is 1.0%.

NextEra Energy (NEE) recently increased its quarterly dividend 12% to $1.40 per share. The dividend is payable Mar. 16, 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 2.0%.

Brookfield Asset Management (BAM) recently increased its quarterly dividend 12% to $0.18 per share. The dividend is payable Mar. 31, 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 1.1%.

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 CSCO,

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Tags: CSCO, GOLD, UPS, CSX, AUY, NEE, BAM,
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