Monday, October 10, 2016

10 Stocks Growing Their Cash Dividends

When people learn that I am an income investor, the reaction is often a desire to discuss high-yield investments. Many people commonly confuse income investing with high-yield investing. The two are not the same. High-yield investing often carries a greater degree of risk than I am willing to accept. For me, I will continue to focus on high-quality dividend stocks at lower, but growing, yields.

Below are several dividend stocks that recently grew their yields by paying higher cash dividends:


Ingersoll-Rand Public Limited Company (IR) provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. October 6th the company increased its quarterly dividend 25% to $0.40 per share. The dividend is payable December 30, 2016 to stockholders of record on December 9, 2016, with an ex-dividend date of December 7, 2016. The yield based on the new payout is 2.4%.

RPM International Inc. (RPM) manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. October 6th the company increased its quarterly dividend 9.1% to $0.30 per share. The dividend is payable October 31, 2016 to stockholders of record on October 17, 2016, with an ex-dividend date of October 13, 2016. The yield based on the new payout is 2.4%.

Enterprise Products Partners L.P. (EPD) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, petrochemicals and refined products in North America. October 5th the company increased its quarterly dividend 1.2% to $0.405 per share. The dividend is payable November 7, 2016 to stockholders of record on October 31, 2016, with an ex-dividend date of October 27, 2016. The yield based on the new payout is 6.0%.

Intuit Inc. (INTU) is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. October 5th the company increased its quarterly dividend 13% to $0.34 per share. The dividend is payable October 18, 2016 to stockholders of record on October 10, 2016, with an ex-dividend date of October 5, 2016. The yield based on the new payout is 1.3%.

Genesis Energy, L.P. (GEL) is a limited partnership focused on the midstream segment of the oil and gas industry. October 5th the partnership increased its quarterly distribution 1.4% to $0.70 per unit. The distribution is payable November 14, 2016 to unitholders of record on October 28, 2016, with an ex-dividend date of October 26, 2016. The yield based on the new payout is 7.5%.

Tallgrass Energy Partners, LP (TEP) owns, operates, acquires and develops midstream energy assets in North America. October 5rd the partnership increased its quarterly distribution 5.3% to $0.795 per unit. The distribution is payable November 14, 2016 to unitholders of record on October 31, 2016, with an ex-dividend date of October 27, 2016. The yield based on the new payout is 6.6%.

LTC Properties Inc. (LTC) is a healthcare real estate investment trust. The Company invests in senior housing and long-term care properties through acquisitions, development, mortgage loans and other investments. October 3rd the company increased its quarterly dividend 5.6% to $0.19 per share. The dividend is payable October 31, 2016 to stockholders of record on October 21, 2016, with an ex-dividend date of October 19, 2016. The yield based on the new payout is 4.4%.

Bank of the Ozarks, Inc. (OZRK) is a bank holding company that Bank of the Ozarks and conducts operations through approximately 257 offices. October 3rd the company increased its quarterly dividend 3.1% to $0.165 per share. The dividend is payable October 21, 2016 to stockholders of record on October 13, 2016, with an ex-dividend date of October 11, 2016. The yield based on the new payout is 1.7%.

American Financial Group, Inc. (AFG) is a holding company engaged primarily in property and casualty insurance businesses. October 3rd the company increased its quarterly dividend 12% to $0.3125 per share. The dividend is payable October 25, 2016 to stockholders of record on October 14, 2016, with an ex-dividend date of October 12, 2016. The yield based on the new payout is 1.7%.

Watsco, Inc. (WSO) is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies. October 3rd the company increased its quarterly dividend 23% to $1.05 per share. The dividend is payable October 31, 2016 to stockholders of record on October 17, 2016, with an ex-dividend date of October 13, 2016. The yield based on the new payout is 3.0%.

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: No position in the aforementioned securities. See a list of all my Dividend Growth Portfolio holdings here.

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- 8 Select High-Yield S&P 500 Dividend Stocks

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Tags: EPD, INTU, LTC, IR, RPM, GEL, OZRK, TEP, AFG, WSO,

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