Monday, October 31, 2016

12 Stocks Raising Dividends and Expectations

Gregg S. Fisher noted in a 2009 Forbes article that the assumption that investors are rational agents is bunk. He went on to say "We are not rational. We’re human. Even the most brilliant investor can be swayed by emotions into making irrational decisions that result in financial loss." Logic has very little to do with short-term movements in stock prices. Knowing this, there are some things that long-term buy-and-hold investors can do to profit from these irrational moves in the market, such as following a disciplined approach of acquiring stocks that routinely increase their dividends.

Below are several companies that are helping build shareholder wealth through higher their cash dividends:


AbbVie Inc. (ABBV) is a research-based biopharmaceutical company. The Company develops and markets therapies that address a range of diseases. October 28th the company increased its quarterly dividend 12% to $0.64 per share. The dividend is payable February 15, 2016 to stockholders of record on January 13, 2016, with an ex-dividend date of January 11, 2016. The yield based on the new payout is 4.5%.

Honeywell International Inc. (HON) is a technology and manufacturing company. October 28th the company increased its quarterly dividend 12% to $0.665 per share. The dividend is payable December 9, 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 2.4%.

Entergy Corporation (ETR) an integrated energy company engaged in electric power production and retail electric distribution operations. October 28th the company increased its quarterly dividend 2.4% to $0.87 per share. The dividend is payable December 1, 2016 to stockholders of record on November 10, 2016, with an ex-dividend date of November 8, 2016. The yield based on the new payout is 4.8%.

Aflac Incorporated (AFL) is engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). October 27th the company increased its quarterly dividend 4.9% to $0.43 per share. The dividend is payable December 1, 2016 to stockholders of record on November 16, 2016, with an ex-dividend date of November 14, 2016. The yield based on the new payout is 2.5%.

Sunoco Logistics Partners L.P. (SXL) owns and operates a logistics business. The Company is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids (NGLs). October 27th the partnership increased its quarterly distribution 2% to $0.51 per unit. The distribution is payable November 14, 2016 to unitholders of record on November 9, 2016, with an ex-dividend date of November 7, 2016. The yield based on the new payout is 7.7%.

Kimco Realty Corporation (KIM) is a real estate investment trust that is engaged principally in the ownership, management, development and operation of open-air shopping centers. October 27th the company increased its quarterly dividend 5.9% to $0.27 per share. The dividend is payable January 17, 2016 to stockholders of record on January 3, 2016, with an ex-dividend date of December 29, 2016. The yield based on the new payout is 4.1%.

Chevron Corporation (CVX) manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to the United States and international subsidiaries that engage in integrated energy and chemicals operations. October 26th the company increased its quarterly dividend 0.9% to $1.08 per share. The dividend is payable December 12, 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 4.3%.

Newmont Mining Corporation (NEM) is a global mining company, which is focused on the production of and exploration for gold and copper. October 26th the company increased its quarterly dividend 100% to $0.05 per share. The dividend is payable December 29, 2016 to stockholders of record on December 8, 2016, with an ex-dividend date of December 6, 2016. The yield based on the new payout is 0.6%.

Texas Instruments Incorporated (TXN) designs, makes and sells semiconductors to electronics designers and manufacturers across the world. October 26th the company increased its quarterly dividend 32% to $0.50 per share. The dividend is payable November 21, 2016 to stockholders of record on November 7, 2016, with an ex-dividend date of November 3, 2016. The yield based on the new payout is 2.8%.

Alon USA Partners, LP (ALDW) is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas, with a crude oil throughput capacity of approximately 73,000 barrels per day, which the Company refers to as its Big Spring refinery. October 26th the company increased its quarterly dividend 7.1% to $0.15 per share. The dividend is payable November 22, 2016 to stockholders of record on November 11, 2016, with an ex-dividend date of November 9, 2016. The yield based on the new payout is 6.4%.

American Electric Power Company, Inc. (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. October 25th the company increased its quarterly dividend 5.4% to $0.59 per share. The dividend is payable December 9, 2016 to stockholders of record on November 10, 2016, with an ex-dividend date of November 8, 2016. The yield based on the new payout is 3.7%.

Silicon Motion Technology Corporation (SIMO) is a fabless semiconductor company that designs, develops and markets low-power semiconductor solutions to original equipment manufacturers and other customers in the mobile storage and mobile communications markets. October 24th the company increased its quarterly dividend 33% to $0.20 per share. The dividend is payable November 17, 2016 to stockholders of record on November 7, 2016, with an ex-dividend date of November 3, 2016. The yield based on the new payout is 1.8%.

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 CVX, ABBV, AFL, TXN. See a list of all my Dividend Growth Portfolio holdings here.

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- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- Why We Are Dividend Growth Investors
- 5 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income

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Tags: CVX, ABBV, HON, NEM, AFL, TXN, AEP, SXL, ETR, ALDW, SIMO, KIM,

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