difficult circumstances to work through at what seems to be the most inopportune time. During economic downturns, many people lose their jobs at a time when companies aren't hiring. When things like this happen, those with an alternative income, including dividend growth stocks, are in a better position to deal with the circumstances thrust on them.
Below are several companies increasing their dividends and in turn better preparing their shareholders for a financial rainy day:
EastGroup Properties, Inc. (EGP), a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. August 29th the company increased its quarterly dividend 1.9% to $0.54 per share. The dividend is payable September 30, 2013 to shareholders of record September 19, 2013. The yield based on the new payout is 3.8%.
Rockwood Holdings, Inc. (ROC) develops, manufactures, and markets specialty chemicals and advanced materials for industrial and commercial applications primarily in Germany, the United States, and Europe. August 29th the company increased its dividend 12.5% to $0.45 per share. The dividend is payable on September 26, 2013 to all common stockholders of record at the close of business on September 11, 2013. The yield based on the new payout is 2.8%.
TowneBank (TOWN) provides retail and commercial banking products and services in the Greater Hampton Roads region in southeastern Virginia. August 28th the company increased its quarterly dividend 11.1% to $0.10 per share. The dividend is payable on October 11, 2013 to shareholders of record on September 27, 2013. The yield based on the new payout is 2.8%.
Kewaunee Scientific Corporation (KEQU) engages in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products in the United States and internationally. August 28th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable September 24, 2013 to stockholders of record at the close of business on September 10, 2013. The yield based on the new payout is 2.8%.
Harris Corporation (HRS) operates as an international communications and information technology company that serves government and commercial markets worldwide. August 26th the company increased its quarterly dividend 13.5% to $0.42 per share. The dividend is payable September 24, 2013 to shareholders of record September 10, 2013. The yield based on the new payout is 2.9%.
Superior Industries International, Inc. (SUP) engages in the design, manufacture, and sale of aluminum road wheels to original equipment manufacturers in the United States and Mexico. August 23rd the company increased its quarterly dividend 12.5% to $0.18 per share. The dividend is payable October 18, 2013, to shareholders of record as of September 27, 2013. The yield based on the new payout is 4.1%.
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: No position in the aforementioned securities. See a list of all my dividend growth holdings here.
- 9 Dividend Stocks Trading at a Double-Digit Discount
- 6 High-Dividend, Low P/E Value Stocks
- How Much Money Will You Need Before Retiring?
- The 2013 Dividend Achievers
- 5 Stocks With A Strong Cash To Dividend Coverage
Tags: [HRS] [SUP] [EGP] [KEQU] [TOWN] [ROC]
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...
Driven by computers that cost more than the average person will earn in their lifetime the investment markets move at light speed. To keep p...
After each quarter-end, I review my asset allocation and year-to-date total returns by category. The attached PDF contains my actual asset a...
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...
Investing in dividend growth stocks is not about buying high-yield stocks to generate a high income. Instead, this form of dividend investin...
Linked here is a detailed quantitative analysis of Coca-Cola Company (KO). Below are some highlights from the above linked analysis: Comp...
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 The Clorox Company (CLX). Below are some highlights from the above linked analysis: Co...
As a kid I loved math. Unlike classic literature where I had to correctly interpret symbolism that I rarely ever noticed, math was one of th...
It is the goal of many people to build enough wealth to put their kids through college, payoff their mortgage, be in a position to help thei...