Each dividend and dividend increase provides reassurance that the strategy is working. When companies like 3M Company (MMM), Emerson Electric (EMR) and Dover Corp. (DOV) put together a string of consecutive dividend increases in excess of 50 years, they are sending a strong message to their shareholders.
Below are a few companies with not quite the legacy of those above, but nevertheless are providing positive feedback to their investors by with higher cash dividends:
Realty Income (O) recently increased its quarterly dividend 0.2% to $0.233 per share. The dividend is payable Apr. 15, 2020 to stockholders of record on Apr. 1, 2020, with an ex-dividend date of Mar. 31, 2020. The yield based on the new payout is 5.1%.
Applied Materials (AMAT) recently increased its quarterly dividend 4.8% to $0.22 per share. The dividend is payable Jun. 11, 2020 to stockholders of record on May 21, 2020, with an ex-dividend date of May 20, 2020. The yield based on the new payout is 2.0%.
CareTrust REIT (CTRE) recently increased its quarterly dividend 11% to $0.25 per share. The dividend is for stockholders of record on Mar. 31, 2020, with an ex-dividend date of Mar. 30, 2020. The yield based on the new payout is 5.9%.
UDR (UDR) recently increased its quarterly dividend 5.1% to $0.36 per share. The dividend is payable Apr. 30, 2020 to stockholders of record on Apr. 10, 2020, with an ex-dividend date of Apr. 9, 2020. The yield based on the new payout is 4.3%.
American Tower (AMT) recently increased its quarterly dividend 6.9% to $1.08 per share. The dividend is payable Apr. 29, 2020 to stockholders of record on Apr. 14, 2020, with an ex-dividend date of Apr. 13, 2020. The yield based on the new payout is 2.0%.
MGM Growth Properties (MGP) recently increased its quarterly dividend 1.1% to $0.475 per share. The dividend is payable Apr. 15, 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 9.9%.
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 O,
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