Monday, August 22, 2016

8 Dividend Stocks Heating Up Their Yields

Dividends from a quality, well-diversified portfolio are much more predictable than capital gains and best of all, they are passive. You don't have to do anything, they just show up in your brokerage account each quarter. Inflation? Not to worry, the good companies routinely raise their dividends well in excess of the inflation rate.

This week as the weather turns cold the dividend increases heat up. Below are several companies heating up their yields with increased cash dividends:


Brinker International, Inc. (EAT) operates as a casual dining restaurant company. It owns, develops, operates and franchises the Chili's Grill & Bar and Maggiano's Little Italy restaurant brands. August 18th the company increased its quarterly dividend 6.3% to $0.34 per share. The dividend is payable September 29, 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 2.5%.

Westlake Chemical Corp. (WLK) manufactures and markets petrochemicals, polymers and fabricated building products. August 18th the company increased its quarterly dividend 5% to $0.1906 per share. The dividend is payable September 20, 2016 to stockholders of record on September 2, 2016, with an ex-dividend date of August 31, 2016. The yield based on the new payout is 1.5%.

Community Bank System, Inc. (CBU) operates as a bank holding company. August 18th the company increased its quarterly dividend 3.2% to $0.32 per share. The dividend is payable October 10, 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 2.8%.

ITC Holdings Corp. (ITC) operates as an independent electricity transmission company. August 17th the company increased its quarterly dividend 15% to $0.2155 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 1.9%.

First American Financial Corp. (FAF) operates as an insurance company that provides title insurance and settlement services to the real estate and mortgage industries. August 17th the company increased its quarterly dividend 31% to $0.34 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%.

American Financial Group, Inc. (AFG) is a holding company that, through its subsidiaries engages primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the individual, bank and education markets. August 17th the company increased its quarterly dividend 12% to $0.3125 per share. The dividend is payable in October. The yield based on the new payout is 1.7%.

Briggs & Stratton Corp. (BGG) engages in the design, manufacture, and distribution of air cooled gasoline engines and engine powered outdoor equipment. August 17th the company increased its quarterly dividend 3.7% to $0.14 per share. The dividend is payable October 3, 2016 to stockholders of record on September 16, 2016, with an ex-dividend date of September 14, 2016. The yield based on the new payout is 2.5%.

Pinnacle Foods Inc. (PF) manufactures, markets, and distributes branded convenience food products in North America. August 16th the company increased its quarterly dividend 12% to $0.285 per share. The dividend is payable October 10, 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 2.3%.

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: ITC, EAT, PF, WLK, FAF, AFG, BGG, CBU,

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