7 Stocks Paying More Cash With Increased Dividends

When selecting income investments, the three most important questions to answer are : 1.) Is the investment increasing its dividend each year, 2.) Is the increase likely to continue into the future and 3.) Are you being compensated for the risk you are taking? When you answer yes to all three of the questions, you just might have found an excellent income investment.

Below are several stocks that recently answered yes to the first question by increasing their cash dividends:

Qualcomm (QCOM) recently increased its quarterly dividend 4.8% to $0.65 per share. The dividend is payable Jun. 25, 2020 to stockholders of record on Jun. 4, 2020, with an ex-dividend date of Jun. 3, 2020. The yield based on the new payout is 3.5%.

Kinder Morgan (KMI) recently increased its quarterly dividend 5% to $0.2625 per share. The dividend is payable May 15, 2020 to stockholders of record on May 4, 2020, with an ex-dividend date of May 1, 2020. The yield based on the new payout is 7.2%.

Southern Co (SO) recently increased its quarterly dividend 3.2% to $0.64 per share. The dividend is payable Jun. 8, 2020 to stockholders of record on May 18, 2020, with an ex-dividend date of May 15, 2020. The yield based on the new payout is 4.6%.

Newmont (NEM) recently increased its quarterly dividend 79% to $0.25 per share. The dividend is payable Jun. 18, 2020 to stockholders of record on Jun. 4, 2020, with an ex-dividend date of Jun. 3, 2020. The yield based on the new payout is 1.7%.

The Travelers Companies (TRV) recently increased its quarterly dividend 3.7% to $0.85 per share. The dividend is payable Jun. 30, 2020 to stockholders of record on Jun. 10, 2020, with an ex-dividend date of Jun. 9, 2020. The yield based on the new payout is 3.3%.

Xilinx (XLNX) recently increased its quarterly dividend 2.7% to $0.38 per share. The dividend is payable Jun. 3, 2020 to stockholders of record on jun. 12, 2020, with an ex-dividend date of Jun. 11, 2020. The yield based on the new payout is 1.9%.

Nasdaq (NDAQ) recently increased its quarterly dividend 4.3% to $0.49 per share. The dividend is payable Jun. 26, 2020 to stockholders of record on Jun. 12, 2020, with an ex-dividend date of Jun. 11, 2020. The yield based on the new payout is 1.9%.

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.

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

Meredith Corporation (MDP) - Pauses dividend
HCA (HCA) - Suspends dividend
Moelis & Company (MC) - Cut its dividend in half
Invesco (IVZ) - Cuts Dividend by 50%
Kohl's Corporation (KSS) - Suspends dividend

Full Disclosure: No position in the aforementioned securities.

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Tags: QCOM, KMI, SO, NEM, XLNX, TRV, NDAQ, MDP, HCA, MC, IVZ, KSS,
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