Monday, July 25, 2016

12 Companies Willing and Capable To Raise Dividends

The main focus of investing in dividend growth stocks is finding and buying stocks that will continue to raise their dividends in the future. In making this determination there are many factors to consider such as dividend payout ratio, debt levels, the company’s dividend policy and track record.

This week several companies have elected to send higher cash dividends to their shareholders:


Holly Energy Partners, L.P. (HEP) owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. July 22nd the partnership increased its quarterly distribution 1.7% to $0.585 per unit. The distribution is payable August 12, 2016 to unitholders of record on August 1, 2016, with an ex-dividend date of July 28, 2016. The yield based on the new payout is 6.5%.

Zions Bancorporation (ZION), a financial holding company, provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. July 22nd the company increased its quarterly dividend 33% to $0.08 per share. The dividend is payable August 25, 2016 to stockholders of record on August 18, 2016, with an ex-dividend date of August 16, 2016. The yield based on the new payout is 1.2%.

The Blackstone Group L.P. (BX) is a publicly owned investment manager providing financial advisory services to its clients. July 21th the partnership increased its quarterly distribution 29% to $0.36 per unit. The distribution is payable August 8, 2016 to unitholders of record on August 1, 2016, with an ex-dividend date of July 28, 2016. The yield based on the new payout is 5.6%.

Skyworks Solutions, Inc. (SWKS) designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. July 21th the company increased its quarterly dividend 7.7% to $0.28 per share. The dividend is payable August 25, 2016 to stockholders of record on August 4, 2016, with an ex-dividend date of August 2, 2016. The yield based on the new payout is 1.6%.

Magellan Midstream Partners, L.P. (MMP) engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. July 21th the partnership increased its quarterly distribution 2.2% to $0.82 per unit. The distribution is payable August 12, 2016 to unitholders of record on August 1, 2016, with an ex-dividend date of July 28, 2016. The yield based on the new payout is 4.4%.

Stanley Black & Decker, Inc. (SWK) engages in tools and storage, security, and industrial product businesses in the United States. July 21th the company increased its quarterly dividend 5.5% to $0.58 per share. The dividend is payable September 20, 2016 to stockholders of record on September 2, 2016, with an ex-dividend date of August 31, 2016. The yield based on the new payout is 2.0%.

Citigroup Inc. (C) provides various financial products and services for consumers, corporations, governments, and institutions worldwide. July 20th the company increased its quarterly dividend 220% to $0.16 per share. The dividend is payable August 26, 2016 to stockholders of record on August 1, 2016, with an ex-dividend date of July 28, 2016. The yield based on the new payout is 1.4%.

Phillips 66 Partners LP (PSXP) owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation and midstream assets in the United States. July 20th the partnership increased its quarterly distribution 5% to $0.505 per unit. The distribution is payable August 12, 2016 to unitholders of record on August 3, 2016, with an ex-dividend date of August 1, 2016. The yield based on the new payout is 3.7%.

Western Gas Partners, LP (WES) acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, the Mid-Continent, North-central Pennsylvania, and Texas. July 20th the partnership increased its quarterly distribution 1.8% to $0.83 per unit. The distribution is payable August 12, 2016 to unitholders of record on August 1, 2016, with an ex-dividend date of August 28, 2016. The yield based on the new payout is 6.6%.

Northern Trust Corporation (NTRS) provides asset servicing, fund administration, asset management, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. July 20th the company increased its quarterly dividend 5.6% to $0.38 per share. The dividend is payable October 1, 2016 to stockholders of record on September 2, 2016, with an ex-dividend date of August 31, 2016. The yield based on the new payout is 2.3%.

Shell Midstream Partners LP (SHLX) owns, operates, develops and acquires pipelines and other midstream assets. July 20th the partnership increased its quarterly distribution 6.4% to $0.25 per unit. The distribution is payable August 12, 2016 to unitholders of record on August 1, 2016, with an ex-dividend date of July 28, 2016. The yield based on the new payout is 3.1%.

Mondelez International, Inc. (MDLZ) manufactures and markets snack food and beverage products worldwide. July 19th the company increased its quarterly dividend 12% to $0.19 per share. The dividend is payable October 13, 2016 to stockholders of record on September 30, 2016, with an ex-dividend date of September 28, 2016. The yield based on the new payout is 1.7%.

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 Portfolio holdings here.

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Tags: C, BX, SWKS, MDLZ, MMP, SWK, PSXP, HEP, ZION, WES, NTRS, SHLX,

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