dividend growth stocks. Secondarily, it is my desire to beat the S&P 500 over time. With that said, I rarely look at the capital performance of individual stocks. What I do watch is the ability of the stocks I own to sustain their dividend growth.
This week several companies met their shareholders' goal of higher cash dividends:
Weyerhaeuser Company (WY), a forest products company, grows and harvests trees, builds homes, and manufactures forest products worldwide. August 15th the company increased its quarterly dividend 10% to $0.22 per share. The dividend is payable Sept. 13, 2013, to shareholders of record at the close of business on Aug. 30, 2013. The yield based on the new payout is 3.2%.
Connecticut Water Service, Inc. (CTWS) operates as a regulated water company. August 15th the company increased its quarterly dividend 2.1% to $0.2475 per share. The dividend is payable September 16, 2013, for shareholders of record as of September 2, 2013. The yield based on the new payout is 3.3%.
Cinemark Holdings, Inc. (CNK) engages in motion picture exhibition business. August 15th the company increased its quarterly dividend 19% to $0.25 per share. the dividend is payable September 12, 2013 to stockholders of record on August 28, 2013. The yield based on the new payout is 3.2%.
G&K Services, Inc. (GK) provides branded uniform and facility services programs in the United States, Canada, Ireland, and the Dominican Republic. August 15th the company increased its quarterly dividend 38% to $0.27 per share. The dividend is payable on September 27, 2013 to shareholders of record at the close of business on September 12, 2013. The yield based on the new payout is 2.0%.
ITC Holdings Corp. (ITC) engages in the transmission of electricity in the United States. August 14th the company increased its quarterly dividend 13% to $0.425 per share. The dividend is payable September 16, 2013 to shareholders of record on September 3, 2013. The yield based on the new payout is 2.0%.
Bolt Technology Corporation (BOLT) engages in the development, manufacture, and sale of marine seismic data acquisition equipment and underwater remotely operated robotic vehicles worldwide. August 14th the company increased its quarterly dividend 28.6% to $0.09 per share. The dividend is payable October 3, 2013 to stockholders of record on September 5, 2013. The yield based on the new payout is 2.0%.
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.
- 6 High-Yield REITs With Growing Dividends
- International Diversification May Be Closer than You Think
- 10 Dividend Stocks With A 10% Yield In 10 Years
- Free Cash Flow Payout vs. Dividend Payout
- 9 Dividend Stocks Trading at a Double-Digit Discount
Tags: [WY] [CTWS] [CNK] [GK] [ITC] [BOLT]
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