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
Throughout history there have always been great companies that stand head-and-shoulders above their peers and the competition. They are lov...
Linked here is a detailed quantitative analysis of Raytheon Company (RTN). Below are some highlights from the above linked analysis: Com...
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 ...
Linked here is a detailed quantitative analysis of Cisco Systems, Inc. (CSCO). Below are some highlights from the above linked analysis: ...
The key to successfully selecting dividend growth stocks is the ability to identify companies that will not only maintain but grow their di...
Linked here is a detailed quantitative analysis of Abbott Laboratories (ABT). Below are some highlights from the above linked analysis: C...
Presented below are are my Dividend Growth Stocks portfolio holdings. This is not a recommendation to buy these securities. I have classifi...
D4L-Premium Services is designed to provide the busy dividend growth investor with a wealth of relevant information. Each week the D4L-Premi...
In everything we do, we always want to be the best or be associated with the best. You never hear fans yelling, ‘We’re number 2, we’re numbe...
If your goal is to accumulate wealth for a comfortable retirement , then there is no risk-free path. Yield and risk tend to follow each othe...