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:
Southside Bancshares, Inc. (SBSI) provides financial products and services to individuals, businesses, municipal entities, and non-profit organizations. March 29th the company increased its quarterly dividend 11.1% to $0.20 per share. The dividend is payable May 9, 2012 to shareholders of record April 18, 2012. The yield based on the new payout is 3.6%.
Homeowners Choice, Inc. (HCII) provides property and casualty insurance in Florida. March 28th the company increased its quarterly dividend 33% to $0.20 per share. The dividend is payable June 15, 2012 to shareholders of record on the close of business May 17, 2012. The yield based on the new payout is 6.6%.
Freeport-McMoRan Copper & Gold Inc. (FCX) engages in the exploration, mining, and production of mineral resources. March 28th the company increased its quarterly dividend 25% to to $0.3125 per share. The dividend is payable payable May 1, 2012 to holders of record as of April 13, 2012 for its common stock. The yield based on the new payout is 3.4%.
Stewart Enterprises, Inc. (STEI) provides funeral and cemetery products and services in the death care industry. March 27th the company in creased its annual dividend 14% to $0.16 per share. The dividend is payable April 26, 2012 to holders of record as of the close of business on April 12, 2012. The yield based on the new payout is 2.6%.
Crown Crafts, Inc. (CRWS) offers infant and toddler products in the United States, Canada, and internationally. March 26th the company increased its quarterly dividend 100% to $0.08 per share. The dividend is payable July 6, 2012 to stockholders of record at the close of business on June 15, 2012. The yield based on the new payout is 7.4%.
Horizon Bancorp (HBNC) operates as the bank holding company for Horizon Bank, N.A., which provides commercial and retail banking products and services in northwestern Indiana and southwestern Michigan. March 23rd the company increased its quarterly dividend 8.3% to $0.13 per share. The dividend is payable April 20, 2012 to shareholders of record on April 6, 2012. The yield based on the new payout is 2.9%.
Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends and those expected to in 2012; 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 dividend growth holdings here.
- 10 Dividend Stocks Delivering A Quick Payback
- Where To Find Great Dividend Stocks
- 8 Dividend Stocks With Above Market Performance
- 7 Dividend Stocks For The Ultimate In Deferred Gratification
- Finding Low Risk Dividend Stocks
Tags: [SBSI] [HCII] [FCX] [STEI] [CRWS] [HBNC]
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...
I am a firm believer that asset allocation plays a significant part in a portfolio's long-term results. In the past, I was asked if you...
I have stated many times that my goal is to create an ever growing income stream from dividend growth stocks . Secondarily, it is my desire...
Linked here is a detailed quantitative analysis of Abbvie Inc. (ABBV). Below are some highlights from the above linked analysis: Company ...
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 ...
Linked here is a detailed quantitative analysis of Omega Healthcare Investors, Inc. (OHI). Below are some highlights from the above linked ...
Linked here is a detailed quantitative analysis of General Mills, Inc. (GIS). Below are some highlights from the above linked analysis: C...
Linked here is a detailed quantitative analysis of Verizon Communications Inc. (VZ). Below are some highlights from the above linked analys...
With the threat of higher interest rates, which could potentially slow the economy, it might be a good time to think about international div...
In everything we do, we always want to be the best or be associated with the best. You never hear fans yelling, 'We're number 2, we&...