Dividend growth investing is a long-term strategy. A growing dividend is a sign that the company is becoming more valuable. Companies that consistently increase dividends tend to have steadily rising share prices and the best way to benefit from this is to buy and hold the stocks. Diversification and a focus on blue-chip stocks provides insurance for the few companies that don't pan out.
Below are some companies that are increasing shareholder wealth by raising their cash dividends:
General Mills (GIS) is a major producer of packaged consumer food products, including Big G cereals and Betty Crocker desserts/baking mixes. June 28th the company increased its quarterly dividend 17% to $0.28/share. The dividend is payable August 2, 2010, to shareholders of record July 12, 2010. The ex-dividend date is July 8, 2010. The yield based on the new payout is 3.15%. Ken Powell, DIS's Chairman and Chief Executive Officer stated, "Strong and growing cash dividends are an important component of General Mills’ total return to our shareholders. The dividend increase announced today is a reflection of our company’s robust financial condition and excellent future growth prospects."
MSC Industrial (MSM) is direct marketer focusing on maintenance, repair and operations supplies. June 30th the company increased its quarterly dividend 10% to $0.22/share. The dividend is payable on July 27, 2010 to shareholders of record at the close of business on July 13, 2010. The ex-dividend date is July 9, 2010. The yield based on the new payout is 1.74%.
Freeport McMoRan Copper and Gold Inc. (FCX) is the world's second largest copper producer. June 24nd the company raised its quarterly dividend 100% to $0.30/share. The dividend is payable on August 16, 2010, to shareholders of record at the close of business July 15, 2010. The yield based on the new payout is 2.03%.
Government Properties Income Trust (GOV) is a real estate investment trust, or REIT, which owns properties leased primarily to the U.S. Government and state governments located throughout the United States. July 1st the company increased its quarterly dividend. The dividend is payable shareholders of record as of the close of business on July 16, 2010 and distributed on or about August 16, 2010. The yield based on the new payout is 6.31%.
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. For a list of stocks with a long string of consecutive cash dividend increases, see this list.
Full Disclosure: No position in the aforementioned securities. See a list of all my income holdings here.
- 3 Simple Steps For A Successful Retirement
- Seven Dividend Stocks Trading Below Fair Value
- Low-Debt Dividend Stocks
- To Infinity and Beyond!
- Five Dividend Stocks To Buy On A Dip
Tags: [FCX] [GIS] [GOV] [MSM]
Popular Posts - Last 7 days
Presented below are my dividend stock and ETF/CEF holdings. This is not a recommendation to buy these securities. I have classified some of...
The Industrials Sector consists of companies that manufacture products or provide business services. The products are often inputs or raw m...
Monday, October 31, 2011 will mark my fourth full year of writing as Dividends4Life . It is hard to believe another year has passed. Like th...
For many investors, there is no clear conviction as to how they should invest. Today’s investments are guided by what was read yesterday, a...
Like many that came before me, I am on a journey to construct a portfolio that will provide me... Dividends 4 Life
Linked here is a detailed quantitative analysis of T. Rowe Price Group Inc. (TROW). Below are some highlights from the above linked analysi...
Each Sunday I highlight the Carnivals I participated in over the past week, along with any notable articles that I came across. For those re...
There are income investors and Dividend Growth investors. While the distinction is rather simple, it slips past many casual observers. Inco...
One of the most asked questions I get is, 'When should I start investing?' The implication is that now is not a good time. Either th...
Last week I posted a Stock Analysis on PAYX including a link to a PDF containing a detailed analysis . In this article, I will explore the ...