Monday, July 6, 2015

5 Stocks Pumping Up Their Dividend

Dividend sustainability is paramount for the high-yield investor. Having a stock cut its dividend could potentially crush their income. A high-yield investor is less concerned about dividend growth than maintaining the current high-yield. Most traditional dividend growth stocks pay a moderate to low yield, thus sustainability is not enough - the dividend growth investor also expects substantial and consistent growth.

Below are several companies not only sustaining their dividends, but growing them:

Harman International Industries, Incorporated (HAR) develops, manufactures, and markets audio products, lighting solutions, and electronic systems, as well as digitally integrated audio and infotainment systems for the automotive industry worldwide. June 26th the company increased its quarterly dividend 6.1% to $0.35 per share. The first dividend at the higher rate will be paid in September 2015. The yield based on the new payout is 1.1%.

John Wiley & Sons, Inc. (JW.A) provides knowledge and knowledge-enabled services in the areas of research, professional practice, and education worldwide. June 25th the company increased its quarterly dividend 3.4% to $0.30 per share. The dividend is payable July 22, 2015 to stockholders of record on July 7, 2015, with an ex-dividend date of July 3, 2015. The yield based on the new payout is x.x%.

The Walt Disney Company (DIS) operates as an entertainment company worldwide. June 24th the company increased its quarterly dividend 15% to $0.66 per share. The dividend is payable July 29, 2015 to stockholders of record on July 6, 2015, with an ex-dividend date of July 1, 2015. The yield based on the new payout is 1.2%.

Worthington Industries, Inc. (WOR), a metals manufacturing company, focuses on value-added steel processing and manufactured metal products. June 24th the company increased its quarterly dividend 5.6% to $0.19 per share. The dividend is payable September 29, 2015 to stockholders of record on September 15, 2015, with an ex-dividend date of September 11, 2015. The yield based on the new payout is 2.7%.

Herman Miller, Inc. (MLHR) is engaged in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, and related services. June 24th the company increased its quarterly dividend 5.4% to $0.1475 per share. The dividend is payable in October 2015. The yield based on the new payout is 2.0%.

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.

Disclosure: No position in the aforementioned stocks. See a list of all my Dividend Growth Portfolio's holdings here.

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Tags: DIS, HAR, JW.A, WOR, MLHR,

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