7 Stocks Taking Their Dividends Up A Notch

Throughout history there have always been great companies that stand head-and-shoulders above their peers and the competition. They are loved by their shareholders, hated by the competition and known by all. Just as all great companies have something in common, great dividend companies also have something in common. All great dividend companies have at least one characteristic in common – they consistently raise their dividends each year.

Below are several companies stepping up with higher cash dividends:

PepsiCo (PEP) recently increased its quarterly dividend 7.1% to $1.0225 per share. The dividend is payable Jun. 30, 2020 to stockholders of record on Jun. 5, 2020, with an ex-dividend date of Jun. 4, 2020. The yield based on the new payout is 3.1%.

Yamana Gold (AUY) recently increased its quarterly dividend 25% to $0.015625 per share. The dividend is payable Jul. 14, 2020 to stockholders of record on Jun. 30, 2020, with an ex-dividend date of Jun. 29, 2020. The yield based on the new payout is 1.3%.

KKR (KKR) recently increased its quarterly dividend 8% to $0.135 per share. The dividend is payable Jun. 2, 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 2.2%.

Baxter (BAX) recently increased its quarterly dividend 11% to $0.245 per share. The dividend is payable Jul. 1, 2020 to stockholders of record on Jun. 5, 2020, with an ex-dividend date of Jun. 4, 2020. The yield based on the new payout is 1.1%.

Franco-Nevada (FNV) recently increased its quarterly dividend 4% to $0.26 per share. The dividend is payable Jun. 25, 2020 to stockholders of record on Jun. 11, 2020, with an ex-dividend date of Jun. 10, 2020. The yield based on the new payout is 0.7%.

Sturm, Ruger (RGR) recently increased its quarterly dividend 94% to $0.35 per share. The dividend is payable Jun. 1, 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 2.6%.

Microchip Technology (MCHP) recently increased its quarterly dividend 0.1% to $0.3675 per share. The dividend is payable Jun. 4, 2020 to stockholders of record on May 21, 2020, with an ex-dividend date of May 20, 2020. The yield based on the new payout is 1.7%.

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:

Weyerhaeuser Co. (WY) - Suspended dividend
Western Digital (WDC)- Suspended dividend
Suncor Energy Inc. (SU.TO) - Cut 55%
Disney (DIS) - Suspended dividend
Western Digital (WDC) - Suspended dividend
EPR Properties (EPR) - Suspended dividend

Full Disclosure: Long PEP,

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Tags: PEP, AUY, KKR, BAX, FNV, RGR, MCHP, WY, WDC, SU.TO, DIS, WDC, EPR,
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