5 Stocks Building Wealth Through Higher Dividends

To ensure a retirement that is free from financial concerns, there are certain things that must be done today. The stock market does not travel in a straight line. There will be times it will behave irrationally. These are the times that try an investors’ patience. Those with clear goals and confidence in their chosen strategy aren't fazed by these market movements. Building a secure future by investing in quality dividend growth stocks is neither complicated nor overly burdensome.

Below are several companies that have recently increased their cash dividends to shareholders:

Target (TGT) recently increased its quarterly dividend 3% to $0.68 per share. The dividend is payable Sep. 10, 2020 to stockholders of record on Aug. 19, 2020, with an ex-dividend date of Aug. 18, 2020. The yield based on the new payout is 2.3%.

Realty Income (O) recently increased its quarterly dividend 0.2% to $0.2335 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 4.8%.

Tsakos Energy Navigation (TNP) recently increased its quarterly dividend 12% to $0.075 per share. The dividend is payable Jun. 26, 2020 to stockholders of record on Jun. 22, 2020, with an ex-dividend date of Jun. 19, 2020. The yield based on the new payout is 3.4%.

Ellington Financial (EFC) recently increased its quarterly dividend 12% to $0.09 per share. The dividend is payable Jul. 27, 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 9.5%.

W.R. Berkley (WRB) recently increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable Jun. 30, 2020 to stockholders of record on Jun. 23, 2020, with an ex-dividend date of Jun. 22, 2020. The yield based on the new payout is 0.8%.

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.

Urstadt Biddle Properties (UBA) - cuts dividend by 75%
Annaly Capital Management (NLY) - cuts dividend by 12%
Chimera Investment (CIM) - cuts dividend by 40%

Full Disclosure: Long O, UBA,

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Tags: TGT, O, TNP, EFC, WRB, UBA, NLY, CIM,
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