If your goal is to accumulate wealth for a comfortable retirement, then there is no risk-free path. Throughout time every angle has been tried and failed. What appears to be a safe investment in a federally insured CD or money market, may not even be covering inflation. Growth stocks don't always grow. The astute conservative investor turns to solid dividend paying stocks with a track record of growing their dividends each year.
Below are several companies that have recently elected to send more cash to their shareholders in the form of increased dividends:
Stage Stores (SSI) operates in the U.S., offering brand name and private label apparel, accessories, intimates, home, gifts, outerwear, cosmetics & footwear. August 27th the company increased its quarterly dividend 50% to $0.075/share. The dividend is payable on September 22, 2010 to shareholders of record at the close of business on September 7, 2010. The ex-dividend date is September 3, 2010. The yield based on the new payout is 2.69%.
Golar LNG (GLNG) owns and operates a fleet of liquefied natural gas, or LNG, carriers. August 27th the company raised its quarterly dividend to $0.15/share. The record date for the dividend is September 9, 2010, ex-dividend date is September 6, 2010 and the dividend will be paid on or about September 27, 2010. The yield based on the new payout is 5.43%.
Altria Group (MO) is the largest U.S. cigarette producer. August 27th the company increased its quarterly dividend 8.6% to $0.38/share. The dividend is payable on October 12, 2010 to shareholders of record as of September 15, 2010. The ex-dividend date is September 13, 2010. MO is a Dividend Achiever and has raised its dividend for 42 consecutive years. The yield based on the new payout is 6.81%.
Harris Corp. (HRS) focuses on communications equipment for voice, data and video applications for commercial and governmental customers. August 30th the company raised its quarterly dividend 14% to $0.25/share. The dividend is payable September 17, 2010, to shareholders of record September 8, 2010, with an ex-dividend date is September 6, 2010. The yield based on the new payout is 2.38%.
HCC Insurance (HCC) is a multi-line insurer specializing in aviation, marine, medical stop-loss, offshore energy and property and casualty insurance in the U.S. and the U.K. September 1st the company increased its quarterly dividend 7.4% to $0.145/share. The dividend is payable to stockholders of record on October 1, 2010 and will be paid on or about October 15, 2010. The ex-dividend date is September 29, 2010. HCC is a Dividend Achiever and has raised its dividend for 14 consecutive years. The yield based on the new payout is 2.24%.
Verizon Communications (VZ) offers wireline, wireless and broadband services primarily in the northeastern United States. September 2nd the company raised its quarterly dividend 2.6% to $0.4875/share. The dividend is payable on November 1, 2010, to Verizon Communications shareholders of record at the close of business on October 8, 2010. The ex-dividend date is October 6, 2010. The yield based on the new payout is 6.5%.
Friedman Industries (FRD) is engaged in steel processing, pipe manufacturing and processing, and steel and pipe distribution. September 2nd the company raised its quarterly dividend 100% to $0.08/share. The dividend is payableon November 19, 2010, to shareholders of record at the close of business on October 22, 2010. The ex-dividend date is October 20, 2010. The yield based on the new payout is 5.2%.
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.
- Focus On Stocks, Not The Market
- Retirement Planning With A Defined-Benefit Pension
- 7 Dividend Stocks For The Ultimate In Deferred Gratification
- Six Great Dividend Stocks, But...
- What Determines A Dividend Stock's Yield
Tags: [FRD] [GLNG] [HCC] [HRS] [MO] [SSI] [VZ]
Popular Posts - Last 7 days
Dividend growth stocks come in all shapes and sizes. Some are high-yield and low-growth, while others are high-growth and low-yield. There ...
Linked here is a detailed quantitative analysis of McDonald's Corporation (MCD). Below are some highlights from the above linked analys...
I am not a stock trader; I am a dividend and value based long-term buy-and-hold investor. When I add a stock to my dividend portfolio, it is...
Each Sunday I highlight any notable articles that I came across over the past week. Though I may not always agree with each of the articles ...
Presented below are my dividend stock and ETF/CEF holdings. This is not a recommendation to buy these securities. I have classified some of...
Linked here is a detailed quantitative analysis of Medtronic Inc. (MDT). Below are some highlights from the above linked analysis: Compan...
Linked here is a detailed quantitative analysis of Waste Management, Inc. (WM). Below are some highlights from the above linked analysis: ...
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...
Like many that came before me, I am on a journey to construct a portfolio that will provide me... Dividends 4 Life
D4L-Premium Services is designed to provide the busy dividend growth investor with a wealth of relevant information. Each week the D4L-Premi...