7 Dividend Stocks Building Shareholder Returns With Higher Dividends

Over time, a conservative dividend growth based investment strategy usually does quite well versus the market as a whole. My goal as a dividend growth stocks investor is to build a steadily increasing income and not necessarily to outperform the market via capital gains. But given the choice, I certainty don't mind having both.

Below are several dividend stocks building shareholder returns with higher cash dividends:

Lowe's (LOW) recently increased its quarterly dividend 9.1% to $0.60 per share. The dividend is payable Nov. 4, 2020 to stockholders of record on Oct. 21, 2020, with an ex-dividend date of Oct. 20, 2020. The yield based on the new payout is 1.5%.

Orchid Island Capital (ORC) recently increased its monthly dividend 8.3% to $0.065 per share. The dividend is payable Sep. 28, 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 15.3%.

Tekla Healthcare Investors (HQH) recently increased its quarterly dividend 19% to $0.49 per share. The dividend is payable Sep. 30, 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 9.1%.

Winnebago (WGO) recently increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable Sep. 30, 2020 to stockholders of record on Sep. 16, 2020, with an ex-dividend date of Sep. 15, 2020. The yield based on the new payout is 0.8%.

Westlake Chemical (WLK) recently increased its quarterly dividend 2.9% to $0.27 per share. The dividend is payable Sep. 9, 2020 to stockholders of record on Aug. 25, 2020, with an ex-dividend date of Aug. 24, 2020. The yield based on the new payout is 1.8%.

SS&C (SSNC) recently increased its quarterly dividend 12% to $0.14 per share. The dividend is payable Sep. 15, 2020 to stockholders of record on Sep. 1, 2020, with an ex-dividend date of Aug. 31, 2020. The yield based on the new payout is 0.9%.

Nordson (NDSN) recently increased its quarterly dividend 3% to $0.39 per share. The dividend is payable Sep. 8, 2020 to stockholders of record on Aug. 25, 2020, with an ex-dividend date of Aug. 24, 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.

Full Disclosure: No position in the aforementioned securities.

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Tags: LOW, ORC, HQH, WGO, WLK, SSNC, NDSN,

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