5 Stocks Pumping Up Their Yield With Increased Dividends

There are income investors and Dividend Growth investors. While the distinction is rather simple, it slips past many casual observers. Income investors are investing for maximum current income, while dividend growth investors are looking to maximize income over an extended period of time — usually sacrificing current income for potential greater future earnings. Unlike fixed income investments, a growing dividend means a growing yield on cost.

This week several companies pumped up their shareholders' yield by increasing their cash dividends:

Lam Research (LRCX) recently increased its quarterly dividend 13% to $1.30 per share. The dividend is payable Oct. 14, 2020 to stockholders of record on Sep. 30, 2020, with an ex-dividend date of Sep. 29, 2020. The yield based on the new payout is 1.5%.

Ubiquiti (UI) recently increased its quarterly dividend 33% to $0.40 per share. The dividend is payable Sep. 8, 2020 to stockholders of record on Aug. 31, 2020, with an ex-dividend date of Aug. 28, 2020. The yield based on the new payout is 0.9%.

Camping World (CWH) recently increased its quarterly dividend 12% to $0.09 per share. The dividend is payable Sep. 28, 2020 to stockholders of record on Sep. 14, 2020, with an ex-dividend date of Sep. 11, 2020. The yield based on the new payout is 1.2%. In addition, the company also announced a special dividend of $0.08/share payable along with the regular dividend.

LCI (LCII) recently increased its quarterly dividend 15% to $0.75 per share. The dividend is payable Sep. 18, 2020 to stockholders of record on Sep. 4, 2020, with an ex-dividend date of Sep. 3, 2020. The yield based on the new payout is 15.4%.

Kilroy Realty (KRC) recently increased its quarterly dividend 3.1% to $0.50 per share. The dividend is payable Oct. 14, 2020 to stockholders of record on Sep. 30, 2020, with an ex-dividend date of Sep. 29, 2020. The yield based on the new payout is 3.5%.

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.

Full Disclosure: No position in the aforementioned securities.

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Tags: LRCX, UI, CWH, LCII, KRC,

 

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