defensive stocks since many investors flee to them in an economic downturn. Their dividends, if sustainable, provide a minimum level of positive return. This cushions the downward pressure from the market. Better yet, great dividend companies not only sustain their dividends in a downturn - they actually raise them.
Below are several stocks displaying confidence in the future by increasing their cash dividends:
Target Corporation (TGT) operates general merchandise stores in the United States and Canada. June 11th the company increased its quarterly dividend 21% to $0.52 per share. The dividend is payable September 10, 2014 to stockholders of record on August 20, 2014. The yield based on the new payout is 3.6%.
Caterpillar Inc. (CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. June 11th the company increased its quarterly dividend 16.6% to $0.70 per share. The dividend is payable Aug 20, 2014 to stockholders of record on July 21, 2014. The yield based on the new payout is 2.6%.
Essex Property Trust, Inc. (ESS) operates as a self-administered and self-managed real estate investment trust in the United States. June 11th the company increased its quarterly dividend 7.4% to $1.30 per share. The dividend is payable July 15, 2014 to stockholders of record on June 30, 2014. The yield based on the new payout is 2.9%.
Best Buy Co., Inc. (BBY) operates as a multi-national, multi-channel retailer of technology products in the United States, Canada, China, and Mexico. June 10th the company increased its quarterly dividend 12% to $0.19 per share. The dividend is payable October 2, 2014 to stockholders of record on September 11, 2014. The yield based on the new payout is 2.6%.
Manhattan Bridge Capital, Inc. (LOAN) provides short-term, secured, and nonbanking loans to real estate investors to fund their acquisition and construction of properties in the New York Metropolitan area. June 10th the company increased its quarterly dividend 250% to $0.07 per share. The dividend is payable July 15, 2014 to stockholders of record on July 10, 2014. The yield based on the new payout is 9.3%.
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.
- 13 Dividend Growth Stocks With A Good Yield/Growth Mix
- High Yield, High Risk Dividend Stocks
- Dividend Stocks vs. Dividend ETFs
- If Only I Had Known About These Dividend Stocks...
- 10 Dividend Stocks Delivering The Secret To Success
Tags: [TGT] [CAT] [ESS] [BBY] [LOAN]
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...
Investing in dividend growth stocks is not about buying high-yield stocks to generate a high income. Instead, this form of dividend investin...
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...
Linked here is a detailed quantitative analysis of The Clorox Company (CLX). Below are some highlights from the above linked analysis: Co...
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 Qualcomm Incorporated (QCOM). Below are some highlights from the above linked analysis: ...
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...
Like many that came before me, I am on a journey to construct a portfolio that will provide me... Dividends 4 Life
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...