Monday, October 3, 2016

11 Stocks Providing Their Shareholders A Growing Income With Higher Cash Dividends

The life-blood of a sound dividend growth strategy is a growing dividend. Often the initial yield of a dividend growth stock is less than other available stocks, but the dividend growth stock comes with an expectation of reasonable increases year after year. This compounding effect will quickly grow the stock's income. It is well worth the investor's time to find companies that can deliver on this expectation.

Below are several companies that are providing their shareholders a growing income with higher cash dividends:


AZZ Incorporated (AZZ) provides galvanizing services, welding solutions, specialty electrical equipment, and engineered services to the power generation, transmission, distribution, and industrial markets. September 30th the company increased its quarterly dividend 13% to $0.17 per share. The dividend is payable November 1, 2016 to stockholders of record on October 18, 2016, with an ex-dividend date of October 14, 2016. The yield based on the new payout is 1.0%.

McDonald's Corporation (MCD) operates and franchises McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. September 29th the company increased its quarterly dividend 5.6% to $0.94 per share. The dividend is payable December 15, 2016 to stockholders of record on December 1, 2016, with an ex-dividend date of November 29, 2016. The yield based on the new payout is 3.3%.

Realty Income Corporation (O) is a publicly traded real estate investment trust that invests in the commercial real estate. September 29th the company increased its quarterly dividend 0.2% to $0.2020 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%.

Artesian Resources Corporation (ARTNA) provides water, wastewater, and other services on the Delmarva Peninsula. September 29th the company increased its quarterly dividend 1.5% to $0.2283 per share. The dividend is payable November 21, 2016 to stockholders of record on November 9, 2016, with an ex-dividend date of November 7, 2016. The yield based on the new payout is 3.2%.

Pattern Energy Group Inc. (PEGI) operates as an independent power company that owns and operates power projects in the United States, Canada, and Chile. September 28th the company increased its quarterly dividend 2.6% to $0.40 per share. The dividend is payable October 31, 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 7.0%.

OGE Energy Corp. (OGE) operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south central United States. September 28th the company increased its quarterly dividend 10% to $0.3025 per share. The dividend is payable October 28, 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 3.8%.

American Express Company (AXP) provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. September 27th the company increased its quarterly dividend 10% to $0.32 per share. The dividend is payable November 10, 2016 to stockholders of record on October 7, 2016, with an ex-dividend date of October 5, 2016. The yield based on the new payout is 2.0%.

Fortis Inc. (FRTSF) operates as an electric and gas utility company in Canada, the United States, and the Caribbean. September 27th the company increased its quarterly dividend 6.7% to C$0.40 per share. The dividend is payable December 1, 2016 to stockholders of record on November 18, 2016, with an ex-dividend date of November 16, 2016. The yield based on the new payout is 3.8%.

Calavo Growers, Inc. (CVGW) markets, and distributes avocados, prepared avocados, and other perishable foods to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants worldwide. September 27th the company increased its quarterly dividend 12% to $0.90 per share. The dividend is payable December 8, 2016 to stockholders of record on November 17, 2016, with an ex-dividend date of November 15, 2016. The yield based on the new payout is 1.4%.

YUM! Brands, Inc. (YUM) operates quick service restaurants. September 26th the company increased its quarterly dividend 11% to $0.51 per share. The dividend is payable November 4, 2016 to stockholders of record on October 19, 2016, with an ex-dividend date of October 17, 2016. The yield based on the new payout is 2.3%.

CLARCOR Inc. (CLC) provides filtration products, filtration systems, and services worldwide. September 26th the company increased its quarterly dividend 14% to $0.25 per share. The dividend is payable November 4, 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 1.6%.

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 MCD, O. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: MCD, O, AXP, YUM, PEGI, OGE, FRTSF, AZZ, CLC, CVGW, ARTNA,

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