5 Stocks Raising The Dividend Growth Bar

A stock with a high yield doesn’t mean much if the dividend is cut or eliminated, and the stock price declines significantly. Sometimes it is desirable to accept higher risk for a higher yield. Other times we may be accepting higher risk and are not being adequately compensated for the additional risk. One measure of dividend sustainability is the ability of management to consistently raise their dividends each year. 

Below are several companies raising the dividend growth bar one year by increasing cash dividends paid to their shareholders:

Oaktree Specialty Lending (OCSL) recently increased its quarterly dividend 10% to $0.105 per share. The dividend is payable Sep. 30, 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 8.75%.

Broadridge Financial Solutions (BR) recently increased its quarterly dividend 6.5% to $0.575 per share. The dividend is payable Oct. 5, 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 1.7%.

International Flavors & Fragrances (IFF) recently increased its quarterly dividend 2.7% to $0.77 per share. The dividend is payable Oct. 5, 2020 to stockholders of record on Sep. 24, 2020, with an ex-dividend date of Sep. 23, 2020. The yield based on the new payout is 2.4%.

Carlisle (CSL) recently increased its quarterly dividend 5% to $0.525 per share. The dividend is payable Sep. 1, 2020 to stockholders of record on Aug. 18, 2020, with an ex-dividend date of Aug. 17, 2020. The yield based on the new payout is 1.7%.

Badger Meter (BMI) recently increased its quarterly dividend 5.9% to $0.18 per share. The dividend is payable Sep. 11, 2020 to stockholders of record on Aug. 28, 2020, with an ex-dividend date of Aug. 27, 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:

Wyndham Destinations (WYND) - cuts dividend by 40%

Full Disclosure: No position in the aforementioned securities.

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Tags: WYND, OCSL, BR, IFF, CSL, BMI, 

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