This week several companies met their shareholders' goal of higher income with increased cash dividends:
Bank OZK (OZK) recently increased its quarterly dividend 0.9% to $0.275 per share. The dividend is payable Oct. 19 to shareholders of record Oct. 12, with and ex-div date of Oct. 9. The yield based on the new payout is 5.07%.
Glacier Bancorp (GBCI) recently increased its quarterly dividend 3.4% to $0.30 per share. The dividend is payable Oct. 22 to shareholders of record Oct. 13, with an ex-div date of Oct. 12. The yield based on the new payout is 3.73%.
Lennar (LEN) recently increased its quarterly dividend 100% to $0.25 per share. The dividend is payable Oct. 30 to shareholders of record Oct. 16, with an ex-div date of Oct. 15. The yield based on the new payout is 1.21%.
McDonald's (MCD) recently increased its quarterly dividend 3% to $1.29 per share. The dividend is payable Dec. 15 to shareholders of record Dec. 1, win an ex-div date of Nov. 30. The yield based on the new payout is 2.28%.
Educational Development (EDUC) recently increased its quarterly dividend 67% to $0.10 per share. The dividend is payable Dec. 8 to shareholders of record Nov. 19, with an ex-div date of Nov. 18. The yield based on the new payout is 2.27%.
Sirius XM (SIRI) recently increased its quarterly dividend 9.7% to $0.014641 per share. The dividend is payable Nov. 30 to shareholders of record Nov. 6, with an ex-div date of Nov. 5. The yield based on the new payout is 1.05%.
Ameren (AEE) recently increased its quarterly dividend 4% to $0.515 per share. The dividend is payable Dec. 31; for shareholders of record Dec. 9; ex-div Dec. 8. The yield based on the new payout is 2.5%.
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: Long MCD,
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