Dividend Increases: Stocks Pumping Up Their Dividend

Dividend sustainability is paramount for the high-yield investor. Having a stock cut its dividend could potentially crush their income. A high-yield investor is less concerned about dividend growth than maintaining the current high-yield. Most traditional dividend growth stocks pay a moderate to low yield, thus sustainability is not enough - the dividend growth investor also expects substantial and consistent growth.

Below are several companies not only sustaining their dividends, but growing them:

ChoiceOne Financial Services (COFS) recently increased its quarterly dividend 10% to $0.22 per share. The dividend is payable Dec. 31 to shareholders of record Dec. 15 with an ex-div date of Dec. 14. The yield based on the new payout is 2.9%.

Hormel Foods (HRL) recently increased its quarterly dividend 5.4% to $0.245 per share. The dividend is payable Feb. 16 to shareholders of record Jan. 11 with an ex-div date of Jan. 8. The yield based on the new payout is 2.0x%.

Kimco Realty (KIM) recently increased its quarterly dividend 60% to $0.16 per share. The dividend is payable Dec. 23 to shareholders of record Dec. 9 with an ex-div date of Dec. 8. The yield based on the new payout is 4.3%.

Nike (NKE) recently increased its quarterly dividend 12% to $0.275 per share. The dividend is payable Dec. 29 to shareholders of record Dec. 7 with an ex-div date of Dec. 4. The yield based on the new payout is 0.8%.

HP (HPQ) recently increased its quarterly dividend 10% to $0.1938 per share. The dividend is payable Jan. 6 to shareholders of record Dec. 9, with an ex-div date of Dec. 8. The yield based on the new payout is 3.6%.

Becton, Dickinson (BDX) recently increased its quarterly dividend 5.1% to $0.83 per share. The dividend is payable Dec. 31; for shareholders of record Dec. 10; ex-div Dec. 9. The yield based on the new payout is 1.5%.

York Water (YORW) recently increased its quarterly dividend 4% to $0.1874 per share. The dividend is payable Jan. 15; for shareholders of record Dec. 31; ex-div Dec. 30. The yield based on the new payout is 1.6%.

Full Disclosure: No position in the aforementioned securities.

Related Articles

- 6 Low-Risk, High-Yielding Dividend Stocks

- 8 Dividend Stocks For A Rainy Day

- 5 Dividend Growth Stocks With Strong Capital Appreciation

- 5 Higher Yielding Basic Materials Stocks With Growing Dividends

- 4 Dividend Growth Stocks That Could Make You Wealthy

.