Below are several dividend stocks that recently grew their yields by paying higher cash dividends:
Medtronic (MDT) recently increased its quarterly dividend 7.4% to $0.58 per share. The dividend is payable Jul. 17, 2020 to stockholders of record on Jun. 26, 2020, with an ex-dividend date of Jun. 25, 2020. The yield based on the new payout is 2.4%.
American Tower (AMT) recently increased its quarterly dividend 1.9% to $1.10 per share. The dividend is payable Jul. 10, 2020 to stockholders of record on Jun. 19, 2020, with an ex-dividend date of Jun. 18, 2020. The yield based on the new payout is 1.9%.
Clorox (CLX) recently increased its quarterly dividend 4.7% to $1.11 per share. The dividend is payable Aug. 14, 2020 to stockholders of record on Jul. 29, 2020, with an ex-dividend date of Jul. 28, 2020. The yield based on the new payout is 2.2%.
Nordic American Tankers (NAT) recently increased its quarterly dividend 43% to $0.20 per share. The dividend is payable Sep. 4, 2020 to stockholders of record on Aug. 28, 2020, with an ex-dividend date of Aug. 27, 2020. The yield based on the new payout is 18%.
Chubb (CB) recently increased its quarterly dividend 4% to $0.78 per share. The dividend is payable Jul. 10, 2020 to stockholders of record on Jun. 19, 2020, with an ex-dividend date of Jun. 18, 2020. The yield based on the new payout is 3.0%.
Frontline (FRO) recently increased its quarterly dividend 75% to $0.70 per share. The dividend is payable Jun. 22, 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 35.6%.
iStar (STAR) recently increased its quarterly dividend 10% to $0.11 per share. The dividend is payable Jun. 15, 2020 to stockholders of record on Jun. 1, 2020, with an ex-dividend date of May 29, 2020. The yield based on the new payout is 5.0%.
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:
Viad (VVI) - Suspends dividend
Strattec Security (STRT) - Suspends dividend
Invacare (IVC) - Suspends dividend
National Oilwell Varco (NOV) - Suspends dividend
TJX (TJX) - Suspends dividend
Abercrombie & Fitch (ANF) - Suspends dividend
Great Ajax Corp. (AJX) - Cuts dividend 46%
Anworth Mortgage (ANH) - Cuts dividend 44%
PBF Logistics (PBFX) - Cuts dividend by 42%
Tekla Life Sciences (HQL) - Cuts dividend by 13%
Tekla Healthcare Investors (HQH) - Cuts dividend by 13%
Crawford & Company (CRD.A) - Cuts dividend by 57%
Crawford & Company (CRD.B) - Cuts dividend by 40%
Haverty Furniture (HVT) - Cuts dividend by 25%
United - Guardian (UG) - Cuts dividend by 24%
Old Dominion Freight Line (ODFL) - Cuts dividend by 35%
America First Multifamily Investors (ATAX) - Cuts dividend by 52%
Full Disclosure: No position in the aforementioned securities.
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Tags: MDT, AMT, CLX, NAT, CB, FRO, STAR, VVI, STRT, IVC, NOV, (TJX), (ANF), (AJX), (ANH), (PBFX), (HQL), (HQH), (CRD.A), (CRD.B), (HVT), (UG), (ODFL), (ATAX),
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