Featured Articles:
- Dividend Stock Analysis: Is It Time To Buy ConocoPhillips?
- 7 Stocks Delivering Higher Dividends

Friday, November 22, 2013

9 Stocks Raising Their Yield On Cost With Higher Dividends

For dividend growth investors, there are certain attributes of investments that are more relevant than others, such as yield and dividend growth. To illustrate the power of dividend growth consider that an investment's yield-on-cost will double every 5 years if they grow their dividend by 15%/year or 7 years at 10%/year or 14 years at 5%/year.

This week several companies took a step toward doubling their shareholders yield-on-cost by increasing their cash dividends:

The Laclede Group, Inc. (LG) engages in the retail distribution, sale, and marketing of natural gas. November 21st the company increased its quarterly dividend 4% to $0.425 per share. The dividend is payable January 3, 2014, to shareholders of record on December 11, 2013. The yield based on the new payout is 3.6%.

Teche Holding Company (TSH) operates as the holding company for Teche Federal Bank that provides various financial services in the United States. November 21st the company increased its quarterly dividend 1.3% to $0.38 per share. The dividend is payable December 31, 2013 to shareholders of record as of the close of business on December 17, 2013. The yield based on the new payout is 3.0%.

Salem Communications Corporation (SALM) operates as a multi-media company. November 20th the company increased its quarterly dividend 5% to $0.055 per share. The dividend is payable December 27, 2013 to all Class A and Class B common stockholders of record as of December 10, 2013. The yield based on the new payout is 2.5%.

Neenah Paper, Inc. (NP) produces technical products and fine papers worldwide. November 19th the company increased its quarterly dividend 20% to $0.24 per share. the dividend is payable March 4, 2014 to shareholders of record as of February 14, 2014. The yield based on the new payout is 2.4%.

Chemical Financial Corporation (CHFC) operates as the financial holding company of Chemical Bank that offers banking and fiduciary products and services to residents and business customers in Michigan. November 19th the company increased its quarterly dividend 4.5% to $0.23 per share. The dividend is payable December 20, 2013, to shareholders of record on December 6, 2013. The yield based on the new payout is 3.1%.

Lancaster Colony Corporation (LANC) manufactures and markets consumer products focusing primarily on specialty foods for the retail and foodservice markets in the United States. November 18th the company increased its quarterly dividend 10% to $0.44 per share. The dividend is payable on December 31, 2013, to stockholders of record on December 9, 2013. The yield based on the new payout is 2.1%.

Pinnacle Foods Inc. (PF) engages in manufacturing, marketing, and distributing branded convenience food products in North America. November 18th the company increased its quarterly dividend 17% to $0.21 per share. The dividend is payable January 10, 2014 to shareholders of record at the close of business on December 2, 2013. The yield based on the new payout is 2.6%.

International Game Technology (IGT) engages in the design, development, manufacture, and marketing of casino games, gaming equipment, and systems technology for land-based and online social gaming, and wagering markets worldwide. November 18th the company increased its quarterly dividend 10% to $0.11 per share the dividend is payable January 3, 2014 to shareholders of record on December 20, 2013. The yield based on the new payout is 2.6%.

Sysco Corporation (SYY) markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. November 15th the company increased its quarterly dividend 3.6% to $0.29 per share. The dividend is payable January 24, 2014, to shareholders of record at the close of business on January 3, 2014. 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 SYY in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.

Related Posts
- My 2012 Top And Bottom Performing Dividend Stocks
- 7 Dividend Stocks With Room To Increase Their Payout
- 9 High Rated, Lower Debt Dividend Stocks With A Reasonable Payout
- 4 Dividend Stocks To Avoid The Social Security Blues
- Who is Ben Grossbaum and Why Should We Listen to Him?

(Photo Credit)

Tags: [SYY] [LG] [TSH] [SALM] [NP] [CHFC] [LANC] [PF] [IGT]

No comments:

Post a Comment

Popular Posts - Last 7 days