4 Stocks Providing Positive Feedback With Increased Dividends

It seems that ever so many years the market turns down and someone declares the death of buy-and-hold. Some even go as far to say that Warren Buffett has lost his touch. With time on their side, the buy-and-hold investors and Mr. Buffett always seem to make a spectacular rebound. As long-term dividend investors our focus should be on acquiring fundamentally sound dividend growth stocks at a reasonable valuation and maintaining our asset allocation.

This week several companies provided their shareholders positive feedback with increased cash dividends:

Bank OZK (OZK) recently increased its quarterly dividend 3.8% to $0.27 per share. The dividend is payable Apr. 20, 2020 to stockholders of record on Apr. 13, 2020, with an ex-dividend date of Apr. 10, 2020. The yield based on the new payout is 6.5%.

Lindsay (LNN) recently increased its quarterly dividend 3.2% to $0.32 per share. The dividend is payable May 29, 2020 to stockholders of record on May 15, 2020, with an ex-dividend date of May 14, 2020. The yield based on the new payout is 1.5%.

Watsco (WSO) recently increased its quarterly dividend 11% to $1.775 per share. The dividend is payable Apr. 30, 2020 to stockholders of record on Apr. 15, 2020, with an ex-dividend date of Apr. 14, 2020. The yield based on the new payout is 4.5%.

H.B. Fuller (FUL) recently increased its quarterly dividend 1.6% to $0.1625 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 2.5%.

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 continues to produce dividend cuts and dividend suspensions. Here is a list of select notable companies:

La-Z-Boy Incorporated (LZB) - Eliminates June quarterly dividend
Gannett (GCI) - Suspends dividend
Continental Resources, Inc. (CLR) - Suspends dividend
Howmet Aerospace Inc. (HWM) - Suspends dividend

Full Disclosure: No position in the aforementioned securities.

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Tags: OZK, LNN, WSO, FUL,
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