dividend growth investor you must identify and purchase stocks with sustainable dividend growth. Inertia is powerful force. Once a company has established a track record of growing its dividend over the decades and developed a shareholder base that expects higher dividends each year, it becomes increasing difficult for management to cut or fail to raise their dividend. No CEO of this type of company wants a dividend cut to occur on his or her watch.
Here are several big-name companies that have recently increased their cash dividends by double-digits:
Chevron Corporation (CVX) engages in petroleum, chemicals, mining, power generation, and energy operations worldwide. The company operates in two segments, Upstream and Downstream. April 24th the company increased its quarterly dividend 11.1% to $1.00 per share. The dividend is payable June 10, 2013, to holders of common stock as shown on the transfer records of the Corporation at the close of business on May 17, 2013. The yield based on the new payout is 3.4%.
Exxon Mobil Corporation (XOM) engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products. April 24th the company increased its quarterly dividend 10.5% to $0.63 per share. The dividend is payable June 10, 2013 to shareholders of record at the close of business on May 13, 2013. The yield based on the new payout is 2.8%.
Apple Inc. (AAPL) designs, manufactures, and markets mobile communication and media devices, personal computing products, and portable digital music players worldwide. April 23rd the company increased its quarterly dividend 15% to $3.05 per common share. The dividend is payable on May 16, 2013 to shareholders of record as of the close of business on May 13, 2013. The yield based on the new payout is 3.0%.
Wells Fargo & Company (WFC) provides retail, commercial, and corporate banking services. April 23rd the company increased its quarterly dividend 20% to $0.30 per share. The dividend is payable June 1, 2013, to stockholders of record on May 10, 2013. The yield based on the new payout is 3.2%.
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: Long CVX in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.
- All Investments Carry Risk
- 9 Stocks Delivering The Dividend Dream
- 10 Quality Dividend Stocks Trading Below Their Fair Value
- Warren Buffett's Two Investing Rules For Dividend Investors
- 10 Stocks That Have Paid Uninterrupted Dividends Since 1899
Tags: [CVX] [XOM] [AAPL] [WFC]
Popular Posts - Last 7 days
Dividend growth stocks come in all shapes and sizes. Some are high-yield and low-growth, while others are high-growth and low-yield. There ...
Linked here is a detailed quantitative analysis of McDonald's Corporation (MCD). Below are some highlights from the above linked analys...
Once again it is time for a goals/progress update. I am pleased to report that annualized dividend income increased in January, extending th...
Linked here is a detailed quantitative analysis of Medtronic Inc. (MDT). Below are some highlights from the above linked analysis: Compan...
I am not a stock trader; I am a dividend and value based long-term buy-and-hold investor. When I add a stock to my dividend portfolio, it is...
Presented below are my dividend stock and ETF/CEF holdings. This is not a recommendation to buy these securities. I have classified some of...
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 ...
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
D4L-Premium Services is designed to provide the busy dividend growth investor with a wealth of relevant information. Each week the D4L-Premi...