Below are several companies that are providing their shareholders a growing income with higher cash dividends:
Cardinal Health (CAH) recently increased its quarterly dividend 1% to $0.4859 per share. The dividend is payable Jul. 15, 2020 to stockholders of record on Jul. 1, 2020, with an ex-dividend date of Jun. 30, 2020. The yield based on the new payout is 3.9%.
MSA Safety (MSA) recently increased its quarterly dividend 2.4% to $0.43 per share. The dividend is payable Jun. 10, 2020 to stockholders of record on May 22, 2020, with an ex-dividend date of May 21, 2020. The yield based on the new payout is 1.5%.
Materion (MTRN) recently increased its quarterly dividend 4.5% to $0.115 per share. The dividend is payable Jun. 10, 2020 to stockholders of record on May 29, 2020, with an ex-dividend date of May 28, 2020. The yield based on the new payout is 1.0%.
Unfortunately, the Covind-19 induced bear market continues to produce dividend cuts and dividend suspensions. Here is a list of select notable companies:
Tanger Factory Outlets (SKT) - Suspended dividend
Western Digital CWDC) - Suspended dividend
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: CAH, MSA, MTRN,
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