Yield on Cost is an excellent metric to measure your progress. Yield on Cost is simply the annual dividend rate times number of shares owned divided by what you paid for the investment (basis). As companies increase their dividend, your yield-on-cost goes up.
Working to increase their shareholders yield-on-cost, these companies recently announced higher cash dividend payments:
Verizon Communications Inc. (VZ) offers wireline, wireless and broadband services primarily in the northeastern United States. September 1st the company increased its quarterly dividend 2.6% to $0.50 per share. The dividend is payable on Nov. 1, 2011, to shareowners of record at the close of business on Oct. 7, 2011. The yield based on the new payout is 5.6%.
Brinker International, Inc. (EAT) owns, develops, operates, and franchises various restaurant brands primarily in the United States. August 29th the company increased its quarterly dividend 14% to $0.16 per share. The dividend is payable on Sept. 29, 2011 to shareholders of record as of Sept. 9, 2011. The yield based on the new payout is 2.8%.
Airgas, Inc. (ARG) distributes industrial, medical, and specialty gases, as well as hardgoods in the United States. August 29th the company increased its quarterly dividend 10% to $0.32 per share. The dividend will be payable on September 30, 2011 to shareholders of record as of September 15, 2011. The yield based on the new payout is 2.0%.
HCC Insurance Holdings, Inc. (HCC) provides property and casualty, surety, group life, accident, and health insurance coverage. August 26th the company increased its quarterly dividend to 0.155 per share. The dividend is payable to stockholders of record on October 3, 2011 and will be paid on or about October 17, 2011. The yield based on the new payout is 2.1%.
WesBanco, Inc. (WSBC) operates as a holding company for WesBanco Bank, Inc. that provides various financial products and services. August 26th the company increased its quarterly dividend 6.7% to $0.16 per share. The dividend is payable on October 1, 2011 to shareholders of record on September 9, 2011. This is the second increase in the quarterly dividend rate this year and represents an annualized 14.3% increase in WesBanco's dividend during 2011. The yield based on the new payout is 3.3%.
G&K Services, Inc. (GKSR) provides branded work apparel and facility services programs in North America. August 26th the company increased its quarterly dividend 37% to $0.13 per share. The dividend is payable on September 29, 2011 to shareholders of record at the close of business on September 22, 2011. The yield based on the new payout is 1.8%.
Altria Group, Inc. (MO) engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally. August 26th the company increased it dividend 7.9% to $0.41 per share, The dividend is payable on October 11, 2011 to shareholders of record as of September 15, 2011. The ex-dividend date is September 13, 2011. The yield based on the new payout is 6.1%.
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 dividend growth holdings here.
- Dividend Stocks Are Getting Expensive
- Never Fall In Love With A Stock
- Seven Stingy Dividend Stocks
- 4 Dividend Stocks For The Social Security Blues
- Industrial Strength Dividends
Tags: [VZ] [EAT] [ARG] [HCC] [WSBC] [GKSR] [MO]
Popular Posts - Last 7 days
In an utopian world, the perfect dividend stock would be one that is both high-yield and provide a high dividend growth rate. Its share pri...
It is a well-documented fact that a significant portion of the historical equity returns are a result of reinvested dividends. In Triumph of...
As mentioned in previous articles, I love inspirational (and other) quotes . I see quotes as a portal to someone’s inner self. They reveal m...
Linked here is a detailed quantitative analysis of The Clorox Company (CLX). Below are some highlights from the above linked analysis: Co...
Each weekend I highlight any notable articles that I came across over the past week. Though I may not always agree with each of the articles...
Linked here is a detailed quantitative analysis of Apple Inc. (AAPL). Below are some highlights from the above linked analysis: Company D...
Linked here is a detailed quantitative analysis of International Business Machines Corp. (IBM). Below are some highlights from the above li...
Dividend sustainability is paramount for the high-yield investor. Having a stock cut its dividend could potentially crush their income. A hi...
I couldn't begin to estimate how many different stocks are traded around the world on the various exchanges. Like everything else, there...
Presented below are are my Dividend Growth Stocks portfolio holdings. This is not a recommendation to buy these securities. I have classifi...