Monday, November 14, 2016

13 Dividend Stocks Acting Like a Money Machine With Increased Dividends

Readers of this space know that the primary focus of my dividend portfolio is to create ever-increasing income money machine by investing in dividend growth securities. This means that sometimes I will choose a lower yielding security with better dividend growth prospects over a higher yielding security. As one that values diversity, I also invest in some high yield securities. However, any dividend stock that I invest in must have an increasing dividend.

Below are companies that have recently made their shareholders take notice with higher cash dividends:


Quest Diagnostics Incorporated (DGX) is a provider of diagnostic information services. November 11th the company increased its quarterly dividend 12% to $0.45 per share. The dividend is payable January 10, 2017 to stockholders of record on January 25, 2017, with an ex-dividend date of January 6, 2017. The yield based on the new payout is 2.2%.

Hewlett Packard Enterprise Company (HPE) is a provider of technology solutions. November 10th the company increased its quarterly dividend 18% to $0.065 per share. The dividend is payable January 4, 2016 to stockholders of record on December 14, 2016, with an ex-dividend date of December 12, 2016. The yield based on the new payout is 1.12%.

NVIDIA Corporation (NVDA) is engaged in visual computing. November 10th the company increased its quarterly dividend 22% to $0.14 per share. The dividend is payable December 19, 2016 to stockholders of record on November 28, 2016, with an ex-dividend date of November 23, 2016. The yield based on the new payout is 0.8%.

AmerisourceBergen Corporation (ABC) is a pharmaceutical sourcing and distribution services company. November 10th the company increased its quarterly dividend 7.4% to $0.365 per share. The dividend is payable December 5, 2016 to stockholders of record on November 21, 2016, with an ex-dividend date of November 17, 2016. The yield based on the new payout is 1.8%.

Buckeye Partners, L.P. (BPL) owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. November 10th the company increased its quarterly dividend 1% to $1.225 per share. The dividend is payable November 22, 2016 to stockholders of record on November 15, 2016, with an ex-dividend date of November 10, 2016. The yield based on the new payout is 7.6%.

HP Inc. (HPQ) is a provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services. November 9th the company increased its quarterly dividend 7% to $0.1327 per share. The dividend is payable January 4, 2017 to stockholders of record on December 14, 2016, with an ex-dividend date of December 12, 2016. The yield based on the new payout is 3.4%.

Silver Wheaton Corp. (SLW) is a mining company. The Company is a pure precious metals streaming company engaged in the sale of silver and gold. November 9th the company increased its quarterly dividend 20% to $0.06 per share. The dividend is payable December 7, 2016 to stockholders of record on November 23, 2016, with an ex-dividend date of November 21, 2016. The yield based on the new payout is 1.0%.

Sun Life Financial Inc. (SLF) is a financial services organization providing a range of protection and wealth products and services. November 9th the company increased its quarterly dividend 3.7% to C$0.42 per share. The dividend is payable December 30, 2016 to stockholders of record on November 30, 2016, with an ex-dividend date of November 28, 2016. The yield based on the new payout is 3.6%.

Automatic Data Processing, Inc. (ADP) is a provider of human capital management solutions to employers, offering solutions to businesses of various sizes. November 8th the company increased its quarterly dividend 7.5% to $0.57 per share. The dividend is payable January 1, 2017 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 2.5%.

D.R. Horton, Inc. (DHI) is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States. November 8th the company increased its quarterly dividend 25% to $0.10 per share. The dividend is payable December 12, 2016 to stockholders of record on November 28, 2016, with an ex-dividend date of November 23, 2016. The yield based on the new payout is 1.4%.

Macquarie Infrastructure Corporation (MIC) owns, operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States. November 8th the company increased its quarterly dividend 3.2% to $1.29 per share. The dividend is payable November 15, 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 6.4%.

Six Flags Entertainment Corporation (SIX) is a regional theme park operator. November 8th the company increased its quarterly dividend 10% to $0.64 per share. The dividend is payable December 12, 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 4.5%.

Microchip Technology Incorporated (MCHP) is engaged in developing, manufacturing and selling specialized semiconductor products used by its customers for a range of embedded control applications. November 7th the company increased its quarterly dividend 0.1% to $0.3605 per share. The dividend is payable December 5, 2016 to stockholders of record on November 21, 2016, with an ex-dividend date of November 17, 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: HPE, HPQ, NVDA, SLW, ADP, ABC, DHI, BPL, MCHP, DGX, SLF, MIC. SIX,

1 comment:

  1. I feel like I missed the boat on NVDA. Do you think they still have many years of growth ahead?

    http://TheDividendLife.com

    ReplyDelete

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