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:
National Fuel Gas Company (NFG) operates as a diversified energy company primarily in the United States. June 9th the company increased its quarterly dividend 2.9% to $0.355 per share. This action marks the 109th year of uninterrupted dividend payments and the 41st consecutive year that National Fuel has increased its dividend. The yield based on the new payout is 2.1%.
Target Corporation (TGT) operates general merchandise stores in the United States. June 8th the company increased its quarterly dividend 20 % to $0.30 per share. The dividend is payable September 10, 2011 to shareholders of record at the close of business August 18, 2011. The 3rd quarter dividend will be the company’s 176th consecutive dividend paid since October 1967 when the company became publicly held. The yield based on the new payout is 2.6%.
Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. June 8th the company increased its quarterly dividend 4.5% to $0.46 per share. The dividend is payable August 20, 2011, to stockholders of record at the close of business, July 20, 2011. The yield based on the new payout is 1.9%.
Rockwell Automation, Inc. (ROK) provides industrial automation power, control, and information solutions. June 2nd the company increased it quarterly dividend 21% to $0.425 cents per share on common stock, payable on Sept. 12, 2011 to shareowners of record at the close of business on Aug. 15, 2011. The yield based on the new payout is 2.1%.
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.
- 15 Dividend Stocks With A 15% Yield In 15 Years
- 10 Dividend Stocks With With A 10%+ Dividend Growth Rate
- Why Dividend Stocks Are Evil
- Don't Touch These 5 Dividend Stocks!
- 3 Dividend Stocks That I Will NEVER Lose Money On
Tags: [NFG] [TGT] [CAT] [ROK]
Popular Posts - Last 7 days
The recent (albeit short-lived) turbulence in the market has provided dividend growth investors first hand experience in managing their divi...
Linked here is a detailed quantitative analysis of HCP, Inc. (HCP). Below are some highlights from the above linked analysis: Company Des...
The main focus of dividend investing is finding and buying dividend stocks that will likely continue to raise their dividends in the futur...
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 ...
If your goal is to accumulate wealth for a comfortable retirement, then there is no risk-free path . Throughout time every angle has been tr...
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 Wal-Mart Stores, Inc. (WMT). Below are some highlights from the above linked analysis: ...
It is my goal to create an ever-increasing income stream from dividend growth stocks , while it is my desire to beat the S&P 500 index o...
Linked here is a detailed quantitative analysis of Colgate-Palmolive (CL). Below are some highlights from the above linked analysis: Comp...
Linked here is a detailed quantitative analysis of Genuine Parts Company (GPC). Below are some highlights from the above linked analysis: ...