3 Stocks Sending More Cash To Shareholders With Higher Dividends

Any income investor will tell you that it is important for a company to sustain its dividend. However, as an investor in dividend growth stocks, it is not enough to simply sustain the dividend – we want to own companies that are capable of sustained dividend growth. Needless to say, this is a little more difficult to accomplish, but well-worth the time to find companies that can deliver on this expectation.

Below are several companies growing their dividend and sending more cash to their shareholders:

American Tower (AMT) recently increased its quarterly dividend 3.6% to $1.14 per share. The dividend is payable Oct. 16, 2020 to stockholders of record on Sep. 28, 2020, with an ex-dividend date of Sep. 25, 2020. The yield based on the new payout is 1.8%.

Redwood Trust (RWT) recently increased its quarterly dividend 12% to $0.14 per share. The dividend is payable Sep. 29, 2020 to stockholders of record on Sep. 22, 2020, with an ex-dividend date of Sep. 21, 2020. The yield based on the new payout is 7.8%.

Urstadt Biddle Properties (UBA) recently increased its quarterly dividend 100% to $0.14 per share. The dividend is payable Oct. 16, 2020 to stockholders of record on Oct. 2, 2020, with an ex-dividend date of Oct. 1, 2020. The yield based on the new payout is 5.6%.

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:

Retail Properties of America (RPAI) - cuts dividend by 70%
Berkshire Hills Bancorp (BHLB) - cuts dividend by 50%

Full Disclosure: No position in the aforementioned securities.

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Tags: AMT, RWT, UBA, RPAI, BHLB,
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