7 Stocks Growing Future Yield With Increased Dividends

Yield does not come without a price, usually in the form of added risk and/or complexity. Ultimately, dividend growth investors realize that long-term and sustainable high-yield investments are grown over time. This is accomplished by purchasing high-quality dividend investments with a reasonable yield and a long history of growing their dividends, and waiting for the yield on cost to grow.

Below are several companies planting the seeds for future yield by recently increasing their cash dividends:

Kroger (KR) recently increased its quarterly dividend 12% to $0.18 per share. The dividend is payable Sep. 1, 2020 to stockholders of record on Aug. 14, 2020, with an ex-dividend date of Aug. 13, 2020. The yield based on the new payout is 2.2%.

Two Harbors Investment (TWO) recently increased its quarterly dividend 180% to $0.14 per share. The dividend is payable Jul. 29, 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 11%.

ARMOUR Residential REIT (ARR) recently increased its quarterly dividend 11% to $0.10 per share. The dividend is payable Jul. 30, 2020 to stockholders of record on Jul. 15, 2020, with an ex-dividend date of Jul. 14, 2020. The yield based on the new payout is 13%.

New Residential Investment (NRZ) recently increased its quarterly dividend 100% to $0.10 per share. The dividend is payable Jul. 31, 2020 to stockholders of record on Jul. 2, 2020, with an ex-dividend date of Jul. 1, 2020. The yield based on the new payout is 5.4%.

Worthington (WOR) recently increased its quarterly dividend 4.2% to $0.25 per share. The dividend is payable Sep. 29, 2020 to stockholders of record on Sep. 15, 2020, with an ex-dividend date of Sep. 14, 2020. The yield based on the new payout is 2.9%.

Hingham Institution for Savings (HIFS) recently increased its quarterly dividend 2.4% to $0.43 per share. The dividend is payable Jul. 15, 2020 to stockholders of record on Jul. 6, 2020, with an ex-dividend date of Jul. 2, 2020. The yield based on the new payout is 1.1%.

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.

Stocks that have recently cut their dividends:

Cherry Hill Mortgage (CHMI) - cuts dividend by 33%
Kite Realty (KRT) - slashes dividends by 84%

Full Disclosure: No position in the aforementioned securities.

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Tags: KR, NRZ, ARR, TWO, PMT, WOR, HIFS, CHMI, KRT,
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