7 Stocks Enriching Their Shareholders With Higher Dividends

When evaluating a company as a potential income investment you look at its calculated fair value, ability to generate cash, debt position and the net present value of its dividend stream compared to alternative “safe” investments. The advantages dividend stocks have over "safe" investments are potential capital appreciation and dividend growth. Not only are your earnings compounding, but the rate of earnings is growing.

Below are several companies giving their shareholders a raise with increased cash dividends:

Chevron (CVX) recently increased its quarterly dividend 8.4% to $1.29 per share. The dividend is payable Mar. 10, 2020 to stockholders of record on Feb. 18, 2020, with an ex-dividend date of Feb. 14, 2020. The yield based on the new payout is 4.6%.

BP Midstream Partners (BPMP) recently increased its quarterly dividend 3.6% to $0.3475 per share. The dividend is payable Feb. 13, 2020 to stockholders of record on Jan. 30, 2020, with an ex-dividend date of Jan. 29, 2020. The yield based on the new payout is 3.6%.

EBay (EBAY) recently increased its quarterly dividend 14% to $0.16 per share. The dividend is payable Mar. 20, 2020 to stockholders of record on Mar. 2, 2020, with an ex-dividend date of Feb. 28, 2020. The yield based on the new payout is 1.8%.

Blackstone (BX) recently increased its quarterly dividend 25% to $0.61 per share. The dividend is payable Feb. 18, 2020 to stockholders of record on Feb. 10, 2020, with an ex-dividend date of Feb. 7, 2020. The yield based on the new payout is 4.0%.

BlackRock (BLK) recently increased its quarterly dividend 10% to $3.63 per share. The dividend is payable Mar. 23, 2020 to stockholders of record on Mar. 5, 2020, with an ex-dividend date of Mar. 4, 2020. The yield based on the new payout is 2.7%.

Tanger Factory (SKT) recently increased its quarterly dividend 0.7% to $0.3575 per share. The dividend is payable Mar. 5, 2020 to stockholders of record on Feb. 13, 2020, with an ex-dividend date of Feb. 12, 2020. The yield based on the new payout is 9.2%.

Archer-Daniels-Midland (ADM) recently increased its quarterly dividend 2.9% to $0.36 per share. The dividend is payable Mar. 5, 2020 to stockholders of record on Feb. 13, 2020, with an ex-dividend date of Feb. 12, 2020. The yield based on the new payout is 3.3%.

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 CVX,

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Tags: CVX, BPMP, EBAY, BX, BLK, SKT, ADM,
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