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
Linked here is a detailed quantitative analysis of Chevron Corporation (CVX). Below are some highlights from the above linked analysis: C...
Linked here is a detailed quantitative analysis of Duke Energy (DUK). Below are some highlights from the above linked analysis: Company D...
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 ...
Microsoft (MSFT) was founded by Bill Gates and Paul Allen on April 4, 1975. Gates and Allen were childhood friends with a passion for comput...
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 Realty Income Corp. (O). Below are some highlights from the above linked analysis: Com...
Driven by computers that cost more than the average person will earn in their lifetime the investment markets move at light speed. To keep ...
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...
Like many that came before me, I am on a journey to construct a portfolio that will provide me... Dividends 4 Life
It seems that every investing article ends with the same conclusion - you should be buying dividend stocks . Beyond the simple concepts, som...