Monday, July 11, 2016

6 Stocks Sending A Strong Message With Higher Dividends

Selecting quality dividend stocks with sustainable dividends requires the investor to not only look back at the financials, but also look forward to determine in the business can continue to thrive going forward. To succeed as an investor in dividend growth stocks, you must find companies that can sustain and grow dividends by focusing on their ability to generate cash.

Below are several stocks sending their shareholders a strong message with higher dividends:


Enterprise Products Partners L.P. (EPD) provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. July 7th the partnership increased its quarterly distribution 1.3% to $0.40 per unit. The distribution is payable August 5, 2016 to unitholders of record on July 29, 2016, with an ex-dividend date of July 27, 2016. The yield based on the new payout is 5.5%.

The PNC Financial Services Group, Inc. (PNC) operates as a diversified financial services company in the United States and internationally. July 7th the company increased its quarterly dividend 7.8% to $0.55 per share. The dividend is payable August 5, 2016 to stockholders of record on August 18, 2016, with an ex-dividend date of July 14, 2016. The yield based on the new payout is 2.8%.

Paychex, Inc. (PAYX) provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. July 7th the company increased its quarterly dividend 9.5% to $0.46 per share. The dividend is payable August 25, 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 3.0%.

Genesis Energy, L.P. (GEL) operates in the midstream segment of the oil and gas industry. July 7th the partnership increased its quarterly distribution 2.6% to $0.69 per unit. The distribution is payable August 12, 2016 to unitholders of record on August 29, 2016, with an ex-dividend date of August 27, 2016. The yield based on the new payout is 7.3%.

The Greenbrier Companies, Inc. (GBX) designs, manufactures, and markets railroad freight car equipment in North America and Europe. July 6th the company increased its quarterly dividend 5% to $0.21 per share. The dividend is payable August 10, 2016 to stockholders of record on July 20, 2016, with an ex-dividend date of July 18, 2016. The yield based on the new payout is 2.9%.

Tallgrass Energy Partners, LP (TEP) acquires, owns, develops, and operates various midstream energy assets in North America. July 6th the partnership increased its quarterly distribution 7.1% to $0.755 per unit. The distribution is payable August 12, 2016 to unitholders of record on July 29, 2016, with an ex-dividend date of July 27, 2016. The yield based on the new payout is 6.6%.

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: EPD, PNC, PAYX, GEL, GBX, TEP,

1 comment:

  1. A big fan of PAYX. I have owned it for years. Love that they don't carry debt, very strong company.

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