Yield does not come without a price, usually in the form of added risk and/or complexity. Ultimately, dividend growth investors realize that long-term and sustainable high-yield investments are grown over time. This is accomplished by purchasing high-quality dividend investments with a reasonable yield and a long history of growing their dividends, and waiting for the yield on cost to grow.
Below are several companies planting the seeds for future yield by recently increasing their cash dividends:
Quality Systems Inc. (QSII) develop and market computer-based practice management, electronic health records and revenue cycle management applications. January 28th the company increased its quarterly dividend 17% to $0.35/share. The dividend is payable on April 5, 2011. The yield based on the new payout is 1.7%.
Limited Brands (LTD) operates 2,662 specialty stores in the United States and its brands are sold in more than 700 company-operated and franchised additional locations world-wide. January 28th the company raised its quarterly dividend 33% to $0.20/share. The dividend is payable on March 11, 2011, to shareholders of record at the close of business on Feb. 25, 2011. This is the company's 145th consecutive quarterly dividend. The yield based on the new payout is 2.7%
Commerce Bancshares (CBSH) operates as the bank holding company for Commerce Bank, N.A. that provides various general banking services to individuals and businesses. January 28th the company increased its quarterly dividend 2.2% to $0.23/share. The dividend is payable on March 28, 2011 to stockholders of record at the close of business on March 11, 2011 and marks the 43rd consecutive year that the company has increased total dividends per adjusted shares. The yield based on the new payout is 2.2%.
Regis Corporation (RGS) is the beauty industry’s global leader in beauty salons, hair restoration centers and cosmetology education. January 31st the company increased its quarterly dividend 50% to $0.06/share. The dividend is payable on February 24, 2011, to shareholders of record as of February 10, 2011. The yield based on the new payout is 1.4%.
Time Warner (TWX) is a global leader in media and entertainment with businesses in television networks, filmed entertainment and publishing. February 2nd the company raised its quarterly cash dividend of 11 percent to $0.235/share. The dividend is payable in on March 15, 2011 to stockholders of record at the close of business on February 28, 2011. The yield based on the new payout is 2.6%.
Apartment Investment and Management Company (AIV) is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the 20 largest markets in the United States. February 2nd the company increases its quarterly common dividend 20% to $0.12/share.The dividend is payable on February 28, 2011, to stockholders of record on February 18, 2011. The yield based on the new payout is 1.9%.
Nu Skin Enterprises, Inc. (NUS) is a global direct selling company, Nu Skin operates in 51 markets worldwide and has nearly 800,000 independent distributors. February 2nd the company raised its quarterly dividend 8% to $0.135/share. the dividend is payable on March 16, to shareholders of record on Feb. 25. The yield based on the new payout is 1.8%
The Hershey Company (HSY) engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, pantry items, and gum and mint refreshment products worldwide. February 2nd the company increased its quarterly dividend of $0.345/share. The dividends are payable on March 15, 2011, to stockholders of record as of February 25, 2011. The yield based on the new payout is 2.8%
Mattel, Inc. (MAT) engages in the design, manufacture, and marketing of various toy products worldwide. February 2nd the company raised its quarterly dividend 11% to $0.23/share. The yield based on the new payout is 3.8%.
Avery Dennison Corporation (AVY) a global leader in pressure-sensitive technology and materials, retail branding and information solutions. February 2nd the company increased its quarterly dividend 25% to $0.25/share. The dividend is payable March 16, 2011 to shareholders of record on March 2, 2011. The yield based on the new payout is 2.4%
Unitrin, Inc. (UTR) is a diversified insurance holding company, with subsidiaries that principally provide life, auto, homeowners and other insurance products for individuals and small businesses. February 2nd the company raised its quarterly dividend to $0.24/share. The dividend is payable on February 28, 2011 to its shareholders of record as of February 11, 2011. The yield based on the new payout is 3.5%.
Ross Stores, Inc. (ROST) is the nation's second largest off-price retailer offering first-quality, in-season, name brand and designer apparel, accessories, footwear and home fashions for the entire family. February 3rd the company increased its quarterly dividend 38% to $0.22/share. The dividend is payable on March 31, 2011 to stockholders of record as of February 18, 2011. The yield based on the new payout is 1.2%.
Hasbro, Inc. (HAS) is a branded play company providing children and families around the world with a wide-range of immersive entertainment offerings. February 3rd the company raised its quarterly dividend 20% to $0.30/share. The dividend will be payable on May 16, 2011 to shareholders of record at the close of business on May 2, 2011. The yield based on the new payout is 2.7%.
Avon Products, Inc. (AVP) manufactures and markets beauty and related products worldwide. Its product categories include color cosmetics, fragrances, skin care and personal care. February 3rd the company increased its quarterly dividend 4.5% to $0.23/share. The dividend is payable March 1, 2011, to shareholders of record February 17, 2011. The yield based on the new payout is 3.2%.
Enbridge Inc. (ENB) engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. February 3rd the company increased its quarterly dividend 15% to $0.49/share effective March 1, 2011. Patrick D. Daniel, President and Chief Executive Officer stated, "Few peers can match Enbridge's track record of consistently increasing its dividend. Over the past ten years, we have delivered an average annual dividend increase of 11%," said Mr. Daniel. "With our adjusted earnings per share growth rate anticipated to grow at an average rate of 10% through the middle of this decade, and with cash flow growing even more rapidly, we expect to be able to continue delivering exceptional dividend growth to our investors." The yield based on the new payout is 3.4%.
J.B. Hunt Transport Services, Inc. (JBHT) operates as a surface transportation and delivery services company in North America. February 3rd the company raised its quarterly dividend to $0.13 cents/share payable to stockholders of record on February 15, 2011. The dividend will be paid on February 25, 2011. The yield based on the new payout is 1.3%
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 stocks. See a list of all my income holdings here.
- Yield on Cost: Measuring for Success
- Seven Important Reasons for Dividend Investing
- Nucor Corp. (NUE): Forging A Different Path
- Dividend Stocks Are My Conviction
- Increasing Dividend Yield Part IV: Bonds
Tags: [AIV] [AVP] [AVY] [CBSH] [ENB] [HAS] [HSY] [JBHT] [LTD] [MAT] [NUS] [QSII] [RGS] [ROST] [TWX] [UTR]
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