Monday, August 29, 2016

6 Stocks Providing Positive Feedback With Increased Dividends

It seems that ever so many years the market turns down and someone declares the death of buy-and-hold. Some even go as far to say that Warren Buffett has lost his touch. With time on their side, the buy-and-hold investors and Mr. Buffett always seem to make a spectacular rebound. As long-term dividend investors our focus should be on acquiring fundamentally sound dividend growth stocks at a reasonable valuation and maintaining our asset allocation.

This week several companies provided their shareholders positive feedback with increased cash dividends:


STERIS Plc (STE) manufactures surgical and other medical supplies. It focuses primarily on healthcare, medical devices, pharmaceuticals, and research. August 25th the company increased its quarterly dividend 12% to $0.28 per share. The dividend is payable September 27, 2016 to stockholders of record on August 30 2016, with an ex-dividend date of August 26, 2016. The yield based on the new payout is 1.6%.

Aceto Corp. (ACET) is engaged in the marketing, sales and distribution of pharmaceutical active ingredients and intermediates, finished dosage form generic pharmaceuticals, nutraceutical products, agricultural protection products and specialty chemicals. August 24th the company increased its quarterly dividend 8.3% to $0.065 per share. The dividend is payable September 20, 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 1.0%.

Royal Bank of Canada (RY) engages in the provision of diversified financial services. August 24th the company increased its quarterly dividend 2.5% to C$0.83 per share. The dividend is payable November 24, 2016 to stockholders of record on October 26, 2016, with an ex-dividend date of October 24, 2016. The yield based on the new payout is 4.03%.

Scotts Miracle-Gro Co. (SMG) is a marketer of branded consumer lawn and garden products. August 24th the company increased its quarterly dividend 6.4% to $0.50 per share. The dividend is payable September 9, 2016 to stockholders of record on August 26, 2016, with an ex-dividend date of August 24, 2016. The yield based on the new payout is 2.4%.

Expedia, Inc. (EXPE) is an online travel company providing travel products and services to leisure and corporate travelers. August 23rd the company increased its quarterly dividend 8.3% to $0.26 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 0.9%.

Martin Marietta Materials, Inc. (MLM) engages in the manufacture and trade of construction materials. August 22nd the company increased its quarterly dividend 5% to $0.42 per share. The dividend is payable September 30, 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 0.9%.

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: RY, EXPE, MLM, SMG, ACET, STE,

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