Monday, August 1, 2016

12 Stocks Focusing On Their Shareholders With Increased Cash Dividends

In one form or another, I get the this question, “What do you think of the market? Where’s it headed?” Normally, I politely respond as expected, but occasionally I will startle the person with a reply like, “I don’t know. For me it really doesn’t matter much.” My investing goals are not defined by movements in the market. Instead of looking at the market and its direction, investors in dividend growth stocks should focus on quality, price and ultimate value of individual stocks.

Below are several companies focusing on their shareholders by raising cash dividends:

Delta Air Lines, Inc. (DAL) provides scheduled air transportation for passengers and cargo in the United States and internationally. July 29th the company increased its quarterly dividend 50% to $0.20 per share. The dividend is payable September 2, 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 2.1%.

Kellogg Company (K) manufactures and markets ready-to-eat cereal and convenience foods. July 29th the company increased its quarterly dividend 4% to $0.52 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 2.5%.

Alon USA Partners, LP (ALDW) refines and markets petroleum products in the United States. July 29th the partnership increased its quarterly distribution 75% to $0.14 per unit. The distribution is payable August 25, 2016 to unitholders of record on August 18, 2016, with an ex-dividend date of August 16, 2016. The yield based on the new payout is 6.2%.

The Hershey Company (HSY) manufactures, imports, markets, distributes, and sells confectionery products. July 28th the company increased its quarterly dividend 6% to $0.618 per share. The dividend is payable September 15, 2016 to stockholders of record on August 25, 2016, with an ex-dividend date of August 23, 2016. The yield based on the new payout is 2.3%.

CBS Corporation (CBS) operates as a mass media company worldwide. July 28th the company increased its quarterly dividend 20% to $0.18 per share. The dividend is payable October 1, 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 1.3%.

Republic Services, Inc. (RMD) provides non-hazardous solid waste collection, transfer, recycling, and disposal services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico. July 28th the company increased its quarterly dividend 10% to $0.33 per share. The dividend is payable September 22, 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 2.0%.

Realty Income Corporation (O) is a publicly traded real estate investment trust investing in commercial real estate. July 27th the company increased its monthly dividend 1% to $0.2015 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 3.5%.

Agnico Eagle Mines Limited (AEM) engages in the exploration, development, and production of mineral properties in Canada, Finland, and Mexico. July 27th the company increased its quarterly dividend 25% to $0.10 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 0.7%.

Simon Property Group, Inc. (SPG) is an equity real estate investment trust that primarily invests in regional malls, premium outlets, mills, and community/lifestyle centers to create its portfolio. July 27th the company increased its quarterly dividend 3.1% to $1.65 per share. The dividend is payable August 31, 2016 to stockholders of record on August 17, 2016, with an ex-dividend date of August 15, 2016. The yield based on the new payout is 2.9%.

BB&T Corporation (BBT) operates as a financial holding company that provides various banking and trust services for retail and commercial clients. July 26th the company increased its quarterly dividend 7.1% to $0.30 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 3.3%.

Sunoco LP (SUN) engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia, and Hawaii. July 26th the partnership increased its quarterly distribution 1% to $0.8255 per unit. The distribution is payable August 15, 2016 to unitholders of record on August 5, 2016, with an ex-dividend date of August 3, 2016. The yield based on the new payout is 10.7%.

Sunoco Logistics Partners L.P. (SXL) transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). July 25th the partnership increased its quarterly distribution 2.2% to $0.50 per unit. The distribution is payable August 12, 2016 to unitholders of record on August 8, 2016, with an ex-dividend date of August 4, 2016. The yield based on the new payout is 7.0%.

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 O in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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(Photo Credit)


Tags: O, DAL, K, HSY, AEM, BBT, CBS, SPG, SUN, SXL, ALDW, RSG,

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