Below are several companies confident and secure enough in their business to increase their cash dividends:
Skyworks Solutions (SWKS) recently increased its quarterly dividend 14% to $0.50 per share. The dividend is payable Sep. 1, 2020 to stockholders of record on Aug. 11, 2020, with an ex-dividend date of Aug. 10, 2020. The yield based on the new payout is 1.5%.
Unilever (UL) recently increased its quarterly dividend 5.6% to $0.4694 per share. The dividend is payable Sep. 9, 2020 to stockholders of record on Aug. 7, 2020, with an ex-dividend date of Aug. 6, 2020. The yield based on the new payout is 3.4%.
Hershey (HSY) recently increased its quarterly dividend 4% to $0.804 per share. The dividend is payable Sep. 15, 2020 to stockholders of record on Aug. 21, 2020, with an ex-dividend date of Aug. 20, 2020. The yield based on the new payout is 2.3%.
J. M. Smucker (SJM) recently increased its quarterly dividend 2.3% to $0.90 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 3.3%.
Canadian Pacific Railway (CP) recently increased its quarterly dividend 15% to $0.95 per share. The dividend is payable Oct. 26, 2020 to stockholders of record on Sep. 25, 2020, with an ex-dividend date of Sep. 24, 2020. The yield based on the new payout is 1.0%.
Newtek Business (NEWT) recently increased its quarterly dividend 27% to $0.56 per share. The dividend is payable Jul. 31, 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 14.3%.
Lithia Motors (LAD) recently increased its quarterly dividend 3.3% to $0.31 per share. The dividend is payable Aug. 28, 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 0.7%.
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.
Stocks that have recently cut their dividends:
AllianceBernstein (AB) - cuts dividend by 5%
Suburban Propane Partners (SPH) - cuts distribution by 50%
Full Disclosure: No position in the aforementioned securities.
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Tags: SWKS, UL, HSY, SJM, CP, NEWT, LAD, AB, SPH,
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