Monday, September 12, 2016

5 Stocks Paying More Cash With Increased Dividends

When selecting income investments, the three most important questions to answer are : 1.) Is the investment increasing its dividend each year, 2.) Is the increase likely to continue into the future and 3.) Are you being compensated for the risk you are taking? When you answer yes to all three of the questions, you just might have found an excellent income investment.

Below are several stocks that recently answered yes to the first question by increasing their cash dividends:

Realty Income Corp. (O) is a real estate company with the primary business objective of generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. September 9th the company increased its monthly dividend 0.2% to $0.202 per share. The dividend is payable October 17, 2016 to stockholders of record on October 3, 2016, with an ex-dividend date of September 29, 2016. The yield based on the new payout is 3.6%.

Gaming & Leisure Properties, Inc. (GLPI) operates as a self-administered, self-managed real estate investment trust. September 8th the company increased its quarterly dividend 7.1% to $0.60 per share. The dividend is payable September 23, 2016 to stockholders of record on September 12, 2016, with an ex-dividend date of September 8, 2016. The yield based on the new payout is 6.9%.

Brady Corp. (BRC) manufactures and markets specialty materials and identification solutions that identify and protect premises, products and people. September 8th the company increased its quarterly dividend 1.2% to $0.205 per share. The dividend is payable October 31, 2016 to stockholders of record on October 11, 2016, with an ex-dividend date of October 7, 2016. The yield based on the new payout is 2.5%.

Newtek Business Services Corp. (NEWT) provides financial and business services to the small and medium sized business market. September 7th the company increased its quarterly dividend 23% to $0.43 per share. The dividend is payable September 30, 2016 to stockholders of record on September 20, 2016, with an ex-dividend date of September 16, 2016. The yield based on the new payout is 12.4%.

STORE Capital Corp. (STOR) is an internally managed net-lease real estate investment trust, engages in the acquisition, investment and management of single tenant operational real estate, or STORE Properties. September 6th the company increased its quarterly dividend 7.4% to $0.29 per share. The dividend is payable October 17, 2016 to stockholders of record on September 30, 2016, with an ex-dividend date of September 28, 2016. The yield based on the new payout is 3.9%.

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

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Tags: O, NEWT, STOR, GLPI, BRC,

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