can’t spend earnings! At first glance, this seems like an odd statement, possibly even incorrect. However, it is not only correct, but an important axiom for all types of investors. Through fraud and manipulation financial statements can be made to look quite impressive, but the cash that arrives in your brokerage account is real.
An increasing cash dividend keeps pressure on management to ensure the company is well run. If there are too many missteps, eventually the dividend will slip. Here are several stocks where management recently met the challenge by raising their cash dividends:
Hickory Tech Corporation (HTCO), doing business as HickoryTech and Enventis, provides integrated communication services to business and residential customers. October 3rd the company increased its quarterly dividend 3.4% to $0.15 per share. The dividend is payable Dec. 5, 2013 to shareholders of record on Nov. 15, 2013. The yield based on the new payout is 5.4%.
Phillips 66 (PSX) operates as an independent downstream energy company. October 2nd the company increased its quarterly dividend 25% to $0.39 per share. The dividend is payable on Dec. 2, 2013, to shareholders of record at the close of business on Nov. 14, 2013. The yield based on the new payout is 2.6%.
Kraft Foods Group, Inc. (KRFT) operates as a consumer packaged food and beverage company in North America. October 2nd the company increased its quarterly dividend 5% to $0.525 per share. The dividend is payable Oct. 25, 2013 to shareholders of record as of Oct. 11, 2013. The yield based on the new payout is 4.0%.
LTC Properties, Inc. (LTC) operates as a health care real estate investment trust (REIT) in the United States. October 1st the company increased its monthly dividend 9.7% to to $0.17 per share. The Company declared a monthly cash dividend of $0.17 per share per month for the months of October, November and December 2013, payable on October 31, November 29 and December 31, 2013, respectively, to stockholders of record on October 23, November 21 and December 23, 2013, respectively. The yield based on the new payout is 5.2%.
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: No position in the aforementioned securities. See a list of all my dividend growth holdings here.
- A Disciplined Approach To Dividend Stocks
- 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
Tags: [KRFT] [PSX] [LTC] [HTCO]
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...
Linked here is a detailed quantitative analysis of Omega Healthcare Investors, Inc. (OHI). Below are some highlights from the above linked ...
With the threat of higher interest rates, which could potentially slow the economy, it might be a good time to think about international div...
Linked here is a detailed quantitative analysis of Verizon Communications Inc. (VZ). Below are some highlights from the above linked analys...
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 ...
I have stated many times that my goal is to create an ever growing income stream from dividend growth stocks . Secondarily, it is my desire...
Payback is the amount of time needed for an investment to earn its cost, undiscounted. Though not very sophisticated, payback can still hel...
Linked here is a detailed quantitative analysis of AT&T Inc. (T). Below are some highlights from the above linked analysis: Company D...
Linked here is a detailed quantitative analysis of Waste Management, Inc. (WM). Below are some highlights from the above linked analysis: ...
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...