Monday, December 19, 2016

12 Stocks Sending More Cash To Shareholders With Higher Dividends

We all are looking for the perfect dividend stock. In an utopian world, the perfect dividend stock would be one that is both high-yield and provide a high dividend growth rate. Its share price would appreciate ratably with its increasing dividend. All of this would be driven by increasing earnings and cash flow.

Though they are not perfect, the stocks below did recently rewarded their investors with higher cash dividends:


Dominion Resources, Inc. (D) is a producer and transporter of energy that is a provider of electricity, natural gas and related services to customers in the eastern region of the United States. December 16th the company increased its quarterly dividend 7.9% to $0.755 per share. The dividend is payable in March 2017. The yield based on the new payout is 4.0%.

Waste Management, Inc. (WM) provides waste management environmental services. December 15th the company increased its quarterly dividend 3.7% to $0.425 per share. The board authorized to repurchase $750M of its common stock replacing the prior stock authorization. The yield based on the new payout is 2.4%.

Two Harbors Investment Corp. (TWO) is focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. December 15th the company increased its quarterly dividend 4.3% to $0.24 per share. The dividend is payable January 27, 2017 to stockholders of record on December 30, 2016, with an ex-dividend date of December 28, 2016. The yield based on the new payout is 11.0%.

The AES Corporation (AES) operates a diversified portfolio of electricity generation and distribution businesses. December 15th the company increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable February 15, 2017 to stockholders of record on February 1, 2017, with an ex-dividend date of January 30, 2017. The yield based on the new payout is 4.0%.

Realty Income Corporation (O) is a real estate investment trust (REIT) that is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. December 14th the company increased its monthly dividend 0.2% to $0.2025 per share. The dividend is payable January 13, 2017 to stockholders of record on January 3, 2017, with an ex-dividend date of December 29, 2016. The yield based on the new payout is 4.3%.

American Tower Corporation (AMT) is a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. December 14th the company increased its quarterly dividend 5.5% to $0.58 per share. The dividend is payable January 13, 2017 to stockholders of record on December 28, 2016, with an ex-dividend date of December 23, 2016. The yield based on the new payout is 2.2%.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) provides debt and equity financing to the energy efficiency and renewable energy markets. December 14th the company increased its quarterly dividend 10% to $0.33 per share. The dividend is payable January 12, 2017 to stockholders of record on December 29, 2016, with an ex-dividend date of December 27, 2016. The yield based on the new payout is 6.8%.

Motorola Solutions, Inc. (MSI) is a provider of communication infrastructure, devices, accessories, software and services. December 13th the company increased its quarterly dividend 15% to $0.47 per share. The dividend is payable January 13, 2017 to stockholders of record on December 15, 2016, with an ex-dividend date of December 13, 2016. The yield based on the new payout is 2.2%.

Eastman Chemical Company (EMN) is a specialty chemicals company that produces a range of advanced materials, chemicals and fibers. December 13th the company increased its quarterly dividend 11% to $0.51 per share. The dividend is payable January 3, 2017 to stockholders of record on December 15, 2016, with an ex-dividend date of December 13, 2016. The yield based on the new payout is 2.4%.

Franklin Resources, Inc. (BEN) is a global investment management company that provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions around the world. December 13th the company increased its quarterly dividend 11% to $0.20 per share. The dividend is payable January 13, 2017 to stockholders of record on December 30, 2016, with an ex-dividend date of December 28, 2016. The yield based on the new payout is 2.0%.

Pfizer Inc. (PFE) is a research-based global biopharmaceutical that is engaged in discovering, developing and manufacturing of healthcare products. December 12th the company increased its quarterly dividend 6.7% to $0.32 per share. The dividend is payable March 1, 2017 to stockholders of record on February 3, 2017, with an ex-dividend date of February 1, 2017. The yield based on the new payout is 3.9%.

The Boeing Company (BA) is an aerospace firm. December 12th the company increased its quarterly dividend 30% to $1.42 per share. The dividend is payable March 3, 2017 to stockholders of record on February 10, 2017, with an ex-dividend date of February 8, 2018. The yield based on the new payout is 3.6%.

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

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- How To Manage Your Dividend Portfolio In A Downturn

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Tags: PFE, BA, O, D, WM, AMT, TWO, MSI, EMN, BEN, HASI, AES,

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