This week several companies have elected to send higher cash dividends to their shareholders:
Home Depot (HD) recently increased its quarterly dividend 10% to $1.50 per share. The dividend is payable Mar. 26, 2020 to stockholders of record on Mar. 12, 2020, with an ex-dividend date of Mar. 11, 2020. The yield based on the new payout is 2.5%.
Best Buy (BBY) recently increased its quarterly dividend 10% to $0.55 per share. The dividend is payable Apr. 9, 2020 to stockholders of record on Mar. 19, 2020, with an ex-dividend date of Mar. 18, 2020. The yield based on the new payout is 2.7.
EOG Resources (EOG) recently increased its quarterly dividend 31% to $0.375 per share. The dividend is payable Apr. 30, 2020 to stockholders of record on Apr. 16, 2020, with an ex-dividend date of Apr. 15, 2020. The yield based on the new payout is 2.4%.
Wyndham Hotels & Resorts (WH) recently increased its quarterly dividend 10% to $0.32 per share. The dividend is payable Mar. 31, 2020 to stockholders of record on Mar. 13, 2020, with an ex-dividend date of Mar. 12, 2020. The yield based on the new payout is 2.4%.
Digital Realty Trust (DLR) recently increased its quarterly dividend 3.7% to $1.12 per share. The dividend is payable Mar. 31, 2020 to stockholders of record on Mar. 17, 2020, with an ex-dividend date of Mar. 16, 2020. The yield based on the new payout is 3.4%.
Albemarle (ALB) recently increased its quarterly dividend 4.8% to $0.385 per share. The dividend is payable Apr. 1, 2020 to stockholders of record on Mar. 13, 2020, with an ex-dividend date of Mar. 12, 2020. The yield based on the new payout is 1.9%.
Thermo Fisher Scientific (TMO) recently increased its quarterly dividend 16% to $0.22 per share. The dividend is payable Apr. 16, 2020 to stockholders of record on Mar. 16, 2020, with an ex-dividend date of Mar. 13, 2020. The yield based on the new payout is 0.3%.
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: No position in the aforementioned securities.
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Tags: HD, BBY, EOG, WH, DLR, ALB, TMO,
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