perfect dividend stock. In an utopian world, the perfect dividend stock would be one that is both high-yield and provide a high dividend growth rate. Its share price would appreciate ratable with its increasing dividend. All of this would be driven by increasing earnings and cash flow.
Though they are not perfect, the stocks below did recently reward their investors with higher cash dividends:
El Paso Electric Company (EE), a public utility company, engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. May 9th the company increased its quarterly dividend 6% to $0.265 per share. The dividend is payable June 28, 2013 to shareholders of record on June 13, 2013. The yield based on the new payout is 2.8%.
Aqua America, Inc. (WTR) operates regulated utilities that provide water or wastewater services in the United States. May 9th the company increased its quarterly dividend 9% to $0.19 per share. The dividend is payable September 1, 2013 to shareholders of record on August 16, 2013. The yield based on the new payout is 2.4%.
National HealthCare Corporation (NHC) operates and manages long-term health care, retirement, and associated assisted living centers, as well as provides home health care programs. May 8th the company increased its quarterly dividend 6.7% to $0.32 share. The dividend is payable August 30, 2013 to shareholders of record on June 28, 2013. The yield based on the new payout is 2.7%.
Mine Safety Appliances Company (MSA) develops, manufactures, and supplies products that protect peoples health and safety worldwide. May 7th the company increased its quarterly dividend 7% to $0.30 per share. The dividend is payable June 10, 2013 to shareholders of record on May 20, 2013. The yield based on the new payout is 2.4%.
Baxter International Inc. (BAX) develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. May 6th the company increased its quarterly dividend 9% to $0.49 per share. The dividend is payable on July 1, 2013 to shareholders of record as of the close of business on June 7, 2013. The yield based on the new payout is 2.8%.
American Water Works Company, Inc. (AWK) provides water and waste-water services in the United States and Canada. May 6th the company increased its quarterly dividend 12% to $0.28 per share. The dividend is payable June 3, 2013 to all shareholders of record as of May 24, 2013. The yield based on the new payout is 2.7%.
Kimberly-Clark Corporation (KMB) manufactures and markets personal care, consumer tissue, and health care products worldwide. May 2nd the company increased its quarterly dividend 9.5% to $0.81 per share. The dividend is payable July 2, 2013 to stockholders of record on June 7, 2013. The yield based on the new payout is 3.1%.
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 KMB in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.
- The Secret Ingredient of Dividend Growth Stocks
- 9 High-Yield Stocks With A Low Price To Book
- Defined-Benefit Pension Plus Dividend Stocks For A Prosperous Retirement
- 5 Dividend Stocks To Buy And Hold, Not Buy And Forget
- Asset Allocation For Income Investors
Tags: [KMB] [BAX] [WTR] [EE] [NHC] [MSA] [AWK]
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