greatest wealth building asset. I would argue it is not. Others would say your income is your greatest wealth building asset. Thought there is a lot of truth to the statement, it is still not your greatest wealth building asset. So, what is your greatest wealth building asset? Everyone is born with it. Few realize its importance until they lose most of it. The asset is so priceless it can’t be bought. Your most valuable wealth building asset is time.
With time, you can wait for blue-chip stocks to build a high yield-on-cost by growing their dividends. Below are several companies building shareholder wealth by increasing their cash dividends:
City Holding Company (CHCO) operates as the bank holding company for City National Bank of West Virginia that provides banking products and services. March 27th the company increased its quarterly dividend 8.1% to $0.40 per share. The dividend is payable April 30, 2014 to stockholders of record on April 15, 2014. The yield based on the new payout is 3.6%.
Air Industries Group (AIRI), an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. March 26th the company increased its quarterly dividend 20% to $0.15 per share. The dividend is payable April 22, 2014 to stockholders of record on April 15, 2014. The yield based on the new payout is 6.3%.
DiamondRock Hospitality Company (DRH), a lodging focused real estate company, owns premium hotels and resorts in North America. March 25th the company increased its quarterly dividend 20.6% to $0.1025 per share. The dividend is payable April 10, 2014 to stockholders of record on March 31, 2014. The yield based on the new payout is 3.4%.
Steelcase Inc. (SCS) designs, manufactures, and distributes furniture systems and seating products, user-centered technologies, and interior architectural products. March 25th the company increased its quarterly dividend 5% to $0.105 per share. The dividend is payable April 14, 2014 to stockholders of record on April 4, 2014. The yield based on the new payout is 2.9%.
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.
- 10 Dividend Stocks For A Rainy Day
- 4 Higher Yielding Basic Materials Stocks With Growing Dividends
- 7 Dividend Growth Stocks That Could Make You Wealthy
- 12 High-Yield Managed Distribution Policy Funds
- The 2013 Elite Dividend Stocks List
Tags: [CHCO] [AIRI] [DRH] [SCS]
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...
For many investors, there is no clear conviction as to how they should invest. Today's investments are guided by what was read or heard ...
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...
To succeed as a dividend growth investor you must identify and purchase stocks with sustainable dividend growth. Inertia is powerful force....
Linked here is a detailed quantitative analysis of Medtronic Inc. (MDT). Below are some highlights from the above linked analysis: Compan...
Linked here is a detailed quantitative analysis of Cisco Systems, Inc. (CSCO). Below are some highlights from the above linked analysis: ...
Yield does not come without a price, usually in the form of added risk and/or complexity. Ultimately, dividend growth investors realize that...
If your goal is to accumulate wealth for a comfortable retirement , then there is no risk-free path. Throughout time every angle has been tr...
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 Raytheon Company (RTN). Below are some highlights from the above linked analysis: Com...