Monday, August 15, 2016

10 Stocks Sending A Strong Message With Higher Dividends

One of the many reasons I like dividend growth stocks is because they provide continuous feedback. As time passes, dividend investors see their income grow steadily. You don’t have to wait five to ten years to determine if the strategy is working.

Each dividend and dividend increase provides reassurance that the strategy is working. When companies like 3M Company (MMM), Emerson Electric (EMR) and Dover Corp. (DOV) put together a string of consecutive dividend increases in excess of 50 years, they are sending a strong message to their shareholders.

Below are a few companies with not quite the legacy of those above, but nevertheless are providing positive feedback to their investors by with higher cash dividends:


Xinyuan Real Estate Co., Ltd. (XIN) develops residential real estate properties for middle-income consumers in China. August 12th the company increased its quarterly dividend 100% to $0.10 per share. The dividend is payable September 25, 2016 to stockholders of record on August 23, 2016, with an ex-dividend date of August 23, 2016. The yield based on the new payout is 7.5%.

Nordson Corporation (NDSN) engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids. August 12th the company increased its quarterly dividend 12% to $0.27 per share. The dividend is payable September 6, 2016 to stockholders of record on August 23, 2016, with an ex-dividend date of August 19, 2016. The yield based on the new payout is 1.2%.

Badger Meter, Inc. (BMI) manufactures and sells flow measurement and control technologies related products. August 12th the company increased its quarterly dividend 15% to $0.23 per share. The dividend is payable September 15, 2016 to stockholders of record on August 31, 2016, with an ex-dividend date of August 29, 2016. The yield based on the new payout is 1.3%.

Primerica, Inc. (PRI) distributes financial products to middle income households in the United States and Canada. August 10th the company increased its quarterly dividend x% to $0.xx per share. The dividend is payable October/September/August x, 2016 to stockholders of record on October/September/August x, 2016, with an ex-dividend date of October/September/August x, 2016. The yield based on the new payout is x%.

CAE Inc. (CAE) designs, manufactures, and supplies simulation equipment worldwide. August 10th the company increased its quarterly dividend 6.7% to C$0.08 per share. The dividend is payable September 30, 2016 to stockholders of record on September 15, 2016, with an ex-dividend date of September 13, 2016. The yield based on the new payout is 1.8%.

Sanchez Production Partners LP (SPP) engages in the acquisition, development, ownership, and operation of midstream and other energy production assets in the United States. August 10th the partnership increased its quarterly distribution 1.5% to $0.4183 per unit. The distribution is payable August 31, 2016 to unitholders of record on August 22, 2016, with an ex-dividend date of August 18, 2016. The yield based on the new payout is 15.7%.

Broadridge Financial Solutions, Inc. (BR) provides investor communications and technology-driven solutions for the financial services industry in the United States, Canada, the United Kingdom, and internationally. August 9th the company increased its quarterly dividend 10% to $0.33 per share. The dividend is payable October 1, 2016 to stockholders of record on September 13, 2016, with an ex-dividend date of September 13, 2016. The yield based on the new payout is 1.9%.

NRG Yield, Inc. (NYLD) acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. August 9th the company increased its quarterly dividend 4.3% to $0.24 per share. The dividend is payable September 15, 2016 to stockholders of record on September 1, 2016, with an ex-dividend date of August 30, 2016. The yield based on the new payout is 5.4%.

Ares Management, L.P. (ARES) operates as an alternative asset manager in the United States, Europe, and Asia. August 9th the partnership increased its quarterly distribution 87% to $0.28 per unit. The distribution is payable September 6, 2016 to unitholders of record on August 23, 2016, with an ex-dividend date of August 19, 2016. The yield based on the new payout is 6.5%.

Microchip Technology Incorporated (MCHP) develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers microcontrollers, such as 8-bit, 16-bit, and 32-bit microcontrollers under the PIC brand name. August 8th the company increased its quarterly dividend 0.1% to $0.36 per share. The dividend is payable September 6, 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 2.5%.

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: MCHP, XIN, PRI, BR, NYLD, NDSN, ARES, CAE, BMI, SPP,

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