Friday, July 26, 2013

14 Stocks Building Deferred Gratification With Increased Dividends

Deferred gratification is a principle where one or more people choose to postpone near-term benefits in order to enhance their chances of greater benefits in the future. In our microwave society marked by the ‘I want it now’ attitude, it is unusual to find someone willing to wait. However, deferred gratification is essential for anyone wanting to build wealth and is a key ingredient in a successful dividend investing strategy.

Below are several stocks building future gratification through with the promise of higher future cash dividends:

The Hershey Company (HSY) engages in manufacturing, marketing, selling, and distributing various chocolate and confectionery products, pantry items, and gum and mint refreshment products worldwide. July 25th the company increased its quarterly dividend 15.5% to $0.485 per share. The dividend is payable September 13, 2013, to stockholders of record on August 23, 2013. The yield based on the new payout is 2.1%.

Principal Financial Group, Inc. (PFG) provides retirement savings, investment, and insurance products and services. July 25th the company increased its quarterly dividend 13% to $0.26 per share. The dividend is payable on September 27, 2013, to stockholders of record on September 5, 2013. The yield based on the new payout is 2.6%.

Federated Investors, Inc. (FII) is a publicly owned asset management holding company. July 25th the company increased its quarterly dividend 19% to $0.25 per share. The dividend is payable August 15, 2013, to stockholders of record on August 8, 2013. The yield based on the new payout is 2.6%.

Republic Services, Inc. (RSG) provides non-hazardous solid waste collection, transfer, and recycling and disposal services. July 25th the company increased its quarterly dividend 10.6% to $0.26 per share. The dividend is payable October 15, 2013, to stockholders of record on October 1, 2013. The yield based on the new payout is 3.0%.

Magellan Midstream Partners, L.P. (MMP) engages in the transportation, storage, and distribution of petroleum products in the United States. July 25th the company increased its quarterly distribution 13% to $0.5325 per unit. The distribution is payable August 14, 2013, to stockholders of record on August 7, 2013. The yield based on the new payout is 3.9%.

The Eastern Company (EML) manufactures and sells industrial hardware, security products, and metal products in North America. July 24th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable September 16, 2013, to stockholders of record on August 21, 2013. The yield based on the new payout is 2.7%.

TAL International Group, Inc. (TAL) engages in leasing intermodal containers and chassis worldwide. July 24th the company increased its quarterly dividend 3% to $0.68 per share. The dividend is payable September 24, 2013, to stockholders of record on September 3, 2013. The yield based on the new payout is 6.4%.

Atlas Pipeline Partners, L.P. (APL) operates in the gathering and processing segments of the midstream natural gas industry. July 23rd the partnership increased its quarterly distribution 5.1% to $0.62 per unit. The distribution is payable August 14, 2013, to stockholders of record on August 7, 2013. The yield based on the new payout is 6.3%.

The Wendy’s Company (WEN) owns and franchises Wendy’s restaurant system in North America and internationally. July 23rd the company increased its quarterly dividend 25% to $0.05 per share. The dividend is payable September 17, 2013, to stockholders of record on September 3, 2013. The yield based on the new payout is 2.8%.

Norfolk Southern Corporation (NSC) engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. July 23rd the company increased its quarterly dividend 4% to $0.52 per share. The dividend is payable September 10, 2013, to stockholders of record on August 2, 2013. The yield based on the new payout is 2.7%.

Legacy Reserves LP (LGCY), an independent oil and natural gas limited partnership, engages in the acquisition and development of oil and natural gas properties. July 23rd the partnership uncreased its quarterly distribution 0.9% to $0.58 per unit. The distribution is payable August 14, 2013, to unitholders of record on August 1, 2013. The yield based on the new payout is 8.3%.

Atlas Pipeline Partners, L.P. (APL) operates in the gathering and processing segments of the midstream natural gas industry. July 23rd the company increased its quarterly dividend 5.1% to to $0.62 per share. The dividend is payable August 14, 2013, to stockholders of record on August 7, 2013. The yield based on the new payout is 6.3%.

Oiltanking Partners, L.P. (OILT) provides terminaling, storage, pipeline, and related services in the United States. July 22nd the partnership increased its quarterly distribution 4.9% to $0.425 per unit. The distribution is payable August 14, 2013 to unitholders of record on August 2, 2013. The yield based on the new payout is 3.5%.

Rayonier, Inc. (RYN) engages in the sale and development of real estate and timberland management, as well as in the production and sale of cellulose fibers in the United States, New Zealand, and Australia. July 22nd the company increased its quarterly dividend 11% to $0.05 per share. The dividend is payable Sept. 30, 2013 to shareholders of record on Sept. 16, 2013. The yield based on the new payout is 3.4%.

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: Long NSC in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.

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Tags: [HSY] [WEN] [NSC] [PFG] [FII] [RSG] [MMP] [EML] [TAL] [APL] [LGCY] [APL] [OILT] [RYN]

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