dividend growth stocks, I would likely be retired now. The compounding power of growing dividends is tremendous.
Below are several companies that are demonstrating the power of compounding dividends by increasing their cash dividends:
Bassett Furniture Industries, Incorporated (BSET) engages in the manufacture, marketing, and retail of branded home furnishings in the United States. October 13th the company increased its quarterly dividend 16.7% to $0.035 per share.The dividend is payable on December 1, 2011, to shareholders of record at he close of business November 15, 2011. The yield based on the new payout is 1.8%.
Albemarle Corporation (ALB) develops, manufactures, and markets engineered specialty chemicals in the United States and internationally. October 13th the company increased its quarterly dividend 6% to $0.175 per share. The dividend is payable January 1, 2012 to shareholders of record at the close of business as of December 15, 2011. The yield based on the new payout is 1.5%.
Costamare Inc. (CMRE) owns and charters container ships to liner companies. October 11th the company increased its quarterly dividend 85 to $0.27 per share. The dividend is payable on November 7, 2011 to stockholders of record at the close of trading on October 21, 2011. The yield based on the new payout is 8.9%.
Paychex, Inc. (PAYX) provides payroll, human resource, and benefits outsourcing solutions for small to medium sized businesses. October 11th the company increased its quarterly dividend 3.2% to $0.32 per share. The dividend is payable November 15, 2011 to shareholders of record November 1, 2011. The yield based on the new payout is 4.6%.
Plains All American Pipeline, L.P. (PAA) engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products. October 11th the company increased its quarterly distribution 1.3% to $0.995 per unit. This is the partnerships its 28th increase in the past 30 quarters. The yield based on the new payout is 6.5%.
Rimage Corporation (RIMG) provides workflow-integrated digital publishing systems that are used by businesses to produce recordable CD, DVD, and blu-ray discs with customized content and durable disc labeling. October 10th the company increased its quarterly dividend 70% to $0.17 per share. The dividend is payable on December 15, 2011 to shareholders of record on November 30, 2011. Based on the closing price on Friday, October 7, 2011. The yield based on the new payout is 5.9%.
West Pharmaceutical Services, Inc. (WST) manufactures and sells components and systems for injectable drug delivery and plastic packaging, and delivery system components. October 7th the company increased its quarterly dividend 5.9% to $0.18 per share. The dividend is payable on November 2, 2011 to shareholders of record on October 19, 2011. The increase is the eighteenth consecutive annual increase in the Company's quarterly dividend. The yield based on the new payout is 1.9%.
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 aforementioned securities. See a list of all my dividend growth holdings here.
- 8 Dividend Stocks With Above Market Performance
- 7 Dividend Stocks For The Ultimate In Deferred Gratification
- Finding Low Risk Dividend Stocks
- Why We Are Dividend Growth Investors
- What Determines A Dividend Stock's Yield
Tags: [BSET] [ALB] [CMRE] [PAYX] [PAA] [RIMG] [WST]
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...
Yield does not come without a price, usually in the form of added risk and/or complexity. Ultimately, dividend growth investors realize that...
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...
Linked here is a detailed quantitative analysis of Medtronic Inc. (MDT). Below are some highlights from the above linked analysis: Compan...
Each Sunday I highlight any notable articles that I came across over the past week, along with any Carnivals I participated in. For those re...
Linked here is a detailed quantitative analysis of Cisco Systems, Inc. (CSCO). Below are some highlights from the above linked analysis: ...
Readers of this space know that the primary focus of my dividend portfolio is to create ever-increasing income money machine by investing i...
Linked here is a detailed quantitative analysis of Procter & Gamble (PG). Below are some highlights from the above linked analysis: C...
I currently track over 250 dividend growth stocks in my D4L-Database and have determined some of the lower rated stocks could be buys if t...
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...