Monday, July 18, 2016

13 Stocks Building A Higher Yield With Increased Dividends

Every investor wants to earn more. It is how we define "more" and how we go about earning it that determines the type of investor we are. Income investors want more income. Yield is a significant determinate of income. Instead of buying a current high-yield stock, investors in dividend growth stocks prefer to build their own. Granted, the current yield may never be classified as high-yield, but over time the yield-on-cost can reach epic heights.


Below are several companies that chose to build a higher yield for their shareholders with increased cash dividends:

National Retail Properties, Inc. (NNN) is a publicly owned equity real estate investment trust that acquires, owns, manages, and develops retail properties in the United States. July 15th the company increased its quarterly dividend 4.6% to $0.455 per share. The dividend is payable August 15, 2016 to stockholders of record on July 29, 2016, with an ex-dividend date of July 27, 2016. The yield based on the new payout is 3.5%.

Ryder System, Inc. (R) provides transportation and supply chain management solutions to small businesses and large enterprises worldwide. July 15th the company increased its quarterly dividend 7.3% to $0.44 per share. The dividend is payable September 16, 2016 to stockholders of record on August 22, 2016, with an ex-dividend date of August 18, 2016. The yield based on the new payout is 2.6%.

Education Realty Trust (EDR) is a real estate investment trust that develops, acquires, owns, and manages collegiate housing communities located near university campuses. July 15th the company increased its quarterly dividend 2.7% to $0.38 per share. The dividend is payable August 15, 2016 to stockholders of record on July 29, 2016, with an ex-dividend date of July 27, 2016. The yield based on the new payout is 3.7%.

Occidental Petroleum Corporation (OXY) engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. July 14th the company increased its quarterly dividend 1.3% to $0.76 per share. The dividend is payable October 14, 2016 to stockholders of record on September 9, 2016, with an ex-dividend date of September 7, 2016. The yield based on the new payout is 3.9%.

Omega Healthcare Investors, Inc. (OHI) is a real estate investment firm investing in healthcare facilities, primarily in long-term healthcare facilities in order to create its portfolio. July 14th the company increased its quarterly dividend 3.4% to $0.60 per share. The dividend is payable August 15, 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 7.3%.

Discover Financial Services (DFS) operates as a direct banking and payment services company in the United States. July 14th the company increased its quarterly dividend 7.1% to $0.30 per share. The dividend is payable August 18, 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 2.1%.

Ciner Resources LP (CINR) engages in the trona ore mining and soda ash production businesses in the United States and internationally. July 14th the company increased its quarterly dividend 0.5% to $0.567 per share. The dividend is payable August 12, 2016 to stockholders of record on July 29, 2016, with an ex-dividend date of July 27, 2016. The yield based on the new payout is 7.1%.

Walgreens Boots Alliance, Inc. (WBA) operates as a pharmacy-led health and wellbeing company. July 13th the company increased its quarterly dividend 4.2% to $0.375 per share. The dividend is payable September 12, 2016 to stockholders of record on August 19, 2016, with an ex-dividend date of August 17, 2016. The yield based on the new payout is 1.8%.

The J. M. Smucker Company (SJM) manufactures and markets branded food and beverage products worldwide. July 13th the company increased its quarterly dividend 12% to $0.75 per share. The dividend is payable September 1, 2016 to stockholders of record on August 12, 2016, with an ex-dividend date of August 10, 2016. The yield based on the new payout is 2.0%.

Cummins Inc. (CMI) designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. July 12th the company increased its quarterly dividend 5.1% to $1.025 per share. The dividend is payable September 1, 2016 to stockholders of record on August 22, 2016, with an ex-dividend date of August 18, 2016. The yield based on the new payout is 3.5%.

Select Income REIT (SIR), a real estate investment trust (REIT), primarily owns and invests in single tenant and net leased properties. July 12th the company increased its quarterly dividend 2% to $0.51 per share. The dividend is payable August 18, 2016 to stockholders of record on July 22, 2016, with an ex-dividend date of July 20, 2016. The yield based on the new payout is 7.5%.

Healthcare Services Group, Inc. (HCSG) provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. July 12th the company increased its quarterly dividend 0.2% to $0.18375 per share. The dividend is payable September 23, 2016 to stockholders of record on August 19, 2016, with an ex-dividend date of August 17, 2016. The yield based on the new payout is 1.8%.

Duke Energy Corporation (DUK) operates as an energy company in the United States and Latin America. July 11th the company increased its quarterly dividend 3.6% to $0.855 per share. The dividend is payable September 16, 2016 to stockholders of record on August 12, 2016, with an ex-dividend date of August 10, 2016. The yield based on the new payout is 4.0%.

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.

Full Disclosure: Long NNN, DUK CMI, OHI, NNN. See a list of all my Dividend Growth Portfolio holdings here.

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- 5 Dividend Stocks To Build Your Future Security
- 7 Dividend Stocks With A Low Payout Ratio


Tags: WBA, DUK, OXY, CMI, OHI, DFS, SJM, NNN, R, CINR, SIR, HCSG, EDR,

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