dividend growth stocks prefer to build their own. Granted, the current yield may never be classified as high-yield, but over time the yield-on-cost can reach epic heights.
This week several companies below chose to build a higher yield for their shareholders with higher cash dividends:
H. J. Heinz Company (HNZ) manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. May 24th the company increased its quarterly dividend 7.3% to $0.515 per share. The dividend is payable to shareholders of record as of June 24, 2012 and will be paid on July 10, 2012. The yield based on the new payout is 3.9%.
The Cato Corporation (CATO) operates as a specialty retailer of fashion apparel and accessories in the southeastern United States. May 24th the company increased its quarterly dividend 9% to $0.25 per share. The dividend is payable June 25, 2012 to shareholders of record on June 11, 2012. The yield based on the new payout is 3.5%.
Portland General Electric Company (POR), an integrated electric utility, engages in the generation, purchase, transmission, distribution, and retail sale of electricity in the state of Oregon. May 23rd the company increased its quarterly dividend 1.9% to $0.27 per share. The dividend is payable July 16, 2012, to shareholders of record at the close of business on June 25, 2012. The yield based on the new payout is 4.4%.
Viacom Inc. (VIA) operates as an entertainment content company in the United States and internationally. May 23rd the company increased its quarterly dividend 10% to $0.275 per share. The dividend is payable on July 2, 2012 to stockholders of record at the close of business on June 15, 2012. The yield based on the new payout is 2.1%.
Span-America Medical Systems, Inc. (SPAN) manufactures and distributes therapeutic support surfaces and related products for the medical, consumer, and industrial markets in the United States and Canada. May 18th the company increased its quarterly dividend 13.6% to $0.125 per share. The dividend is payable June 6, 2012, to shareholders of record on May 29, 2012. The yield based on the new payout is 2.8%.
Hewlett-Packard Company (HPQ) provide products, technologies, software, solutions, and services. May 7th the company increased its quarterly dividend 10% to $0.132 per share. The dividend is payable on July 5, 2012, to stockholders of record as of the close of business on June 13, 2012. The yield based on the new payout is 2.4%.
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.
- There's Gold In Them Thar Dividend Stocks
- Buy And Hold Is Not Buy And Forget
- How To Manage Your Dividend Portfolio In A Downturn
- The Current Financial Situation Should Concern Us All
- Finding The Perfect Dividend Stock
Tags: [HNZ] [CATO] [POR] [VIA] [SPAN] [HPQ]
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...
A photograph captures a moment in time. Seconds after the flash dims a tree could have fallen on the object of the photo or the sad lookin...
In a down-market when many people are rushing to buy gold , I take comfort that I already have mine. No, not that kind, but something much b...
Linked here is a detailed quantitative analysis of Chevron Corporation (CVX). Below are some highlights from the above linked analysis: C...
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...
Linked here is a detailed quantitative analysis of Genuine Parts Company (GPC). Below are some highlights from the above linked analysis: ...
The Pocket Change Portfolio (PCP) was first introduced on September 13, 2008 as a real money dividend income portfolio funded by the "...
Like many that came before me, I am on a journey to construct a portfolio that will provide me... Dividends 4 Life
Each Sunday I highlight the Carnivals I participated in over the past week, along with any notable articles that I came across. For those re...
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...