2 Dividend Stocks Heating Up Their Yields, While Several Others Are Cooling Off

Dividends from a quality, well-diversified portfolio are much more predictable than capital gains and best of all, they are passive. You don't have to do anything, they just show up in your brokerage account each quarter. Inflation? Not to worry, the good companies routinely raise their dividends well in excess of the inflation rate.

This week as the weather turns cold the dividend increases heat up. Below are several companies heating up their yields with increased cash dividends:

Nordic American Tankers (NAT) recently increased its quarterly dividend 100% to $0.14 per share. The dividend is payable Jun. 5, 2020 to stockholders of record on May 26, 2020, with an ex-dividend date of May 22, 2020. The yield based on the new payout is 22.1%.

Credicorp (BAP) recently increased its quarterly dividend. The dividend is payable May 8, 2020 to stockholders of record on Apr. 10, 2020, with an ex-dividend date of Apr. 10, 2020.

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.

Unfortunately, the Covind-19 induced bear market is beginning to produce dividend cuts and dividend suspensions. Here is a list of select notable companies:

Apache (APA) - Dividend cut to 10 cents per share annually
Boeing (BA) - Dividend suspended
BJ's Restaurants (BJRI) - Dividend suspended
Bloomin' Brands (BLMN) - Dividend suspended
Cracker Barrel Old Country Store, Inc. (CBRL) - Dividend suspended
Delta Air Lines (DAL) - Dividend suspended
DCP Midstream LP (DCP) - Distribution cut to $1.56 per share
Darden Restaurants, Inc. (DRI) - Dividend suspended
Ford (F) - Dividend suspended
Freeport-McMoRan (FCX) - Dividend suspended
Gap Inc. (GPS) - Dividend suspended
Nordstrom (JWN) - Dividend suspended
Macy's (M) - Dividend suspended
Marriott International's (MAR) - Dividend suspended
Occidental Petroleum (OXY) - Dividend cut to 44 cents per share annually
Sabre (SABR) - Dividend suspended
Targa Resources (TRGP) - Dividend cut to 40 cents per share annually

Full Disclosure: Long CBRL,

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Tags: NAT, BAP, APA, BA, BJRI, BLMN, CBRL, DAL, DCP, DRI, F, FCX, GPS, JWN, M, MAR, OXY, SABR, TRGP,
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