Dividend Increases: These Stocks Are Turbo-Charging Returns With Increasing Dividends
It is a well-documented fact that a significant portion of the historical equity returns are a result of reinvested dividends. In Triumph of the Optimists: 101 Years of Global Investment Returns (2002), the authors looked at equity returns from capital gains and dividends from 1900 to 2000. They determined that performance in any given year was driven by capital appreciation, but long-term returns were largely the result of reinvested dividends.
Here are several companies looking to increase their long-term returns by raising their cash dividends:
Toro (TTC) recently increased its quarterly dividend 5% to $0.2625 per share. The dividend is payable Jan. 13 to shareholders of record Dec. 22 with an ex-div date of Dec. 21. The yield based on the new payout is 1.2%.
FMC (FMC) recently increased its quarterly dividend 9.1% to $0.48 per share. The dividend is payable Jan. 21 to shareholders of record Dec. 31 with an ex-div date of Dec. 30. The yield based on the new payout is 1.6%.
Stryker (SYK) recently increased its quarterly dividend 9.6% to $0.63 per share. The dividend is payable Jan. 29 to shareholders of record Dec. 31 with an ex-div date of Dec. 30. The yield based on the new payout is 1.1%.
Eastman Chemical (EMN) recently increased its quarterly dividend 4.5% to $0.69 per share. The dividend is payable Jan. 8 to shareholders of record Dec. 15, with an ex-div date of Dec. 14. The yield based on the new payout is 2.8%.
American Tower (AMT) recently increased its quarterly dividend 6.1% to $1.21 per share. The dividend is payable Feb. 2 to shareholders of record Dec. 28 with an ex-div date of Dec. 24. The yield based on the new payout is 2.1%.
Owens Corning (OC) recently increased its quarterly dividend 8.3% to $0.26 per share. The dividend is payable Jan. 22 to shareholders of record Jan. 8, with an ex-div date of Jan. 7. The yield based on the new payout is 1.4%.
Ecolab (ECL) recently increased its quarterly dividend 2.1% to $0.48 per share. The dividend is payable Jan. 15 to shareholders of record Dec. 15, with an ex-div date of Dec. 14. The yield based on the new payout is 0.9%.
Nucor (NUE) recently increased its quarterly dividend 0.6% to $0.405 per share. The dividend is payable Feb. 11 to shareholders of record Dec. 31 with an ex-div date of Dec. 30. The yield based on the new payout is 3.0%.
WEC Energy (WEC) recently increased its quarterly dividend 7.1% to $0.6775 per share. The dividend is payable March 1 to shareholders of record Feb. 14 with an ex-div date of Feb. 11. The yield based on the new payout is 2.9%.
Full Disclosure: No position in the aforementioned securities.
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