Monday, December 26, 2016

5 Confident and Secure Companies Boosting Dividends

If income investing were as simple as picking the stock with the highest yield, everyone would be an expert. Most assume (rightfully so) that yield is heavily influenced by risk, but much more goes into determining yield. The industry the company operates in, legal considerations (REITs and MLPs), maturity and growth potential all have an effect on an individual stock's yield, along with the company's ability to grow its dividend.

Below are several companies confident and secure enough in their business to increase their cash dividends:

Moody's Corporation (MCO) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to financial institution customers. December 21th the company increased its quarterly dividend 2.7% to $0.38 per share. The dividend is payable March 10, 2017 to stockholders of record on February 20, 2017, with an ex-dividend date of February 15, 2017. The yield based on the new payout is 1.6%.

Amgen Inc. (AMGN) is a biotechnology company. The Company discovers, develops, manufactures and delivers various human therapeutics. The Company's business segment is human therapeutics. December 20th the company increased its quarterly dividend 15% to $1.15 per share. The dividend is payable March 8, 2017 to stockholders of record on February 15, 2017, with an ex-dividend date of February 13, 2017. The yield based on the new payout is 3.1%.

Fifth Third Bancorp (FITB) is a bank holding company and a financial holding company that conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. December 20th the company increased its quarterly dividend 7.7% to $0.14 per share. The dividend is payable January 17, 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%.

8Point3 Energy Partners LP (CAFD) owns, operates and acquires solar energy generation projects. December 20th the partnership increased its quarterly distribution 3.5% to $0.249 per unit. The distribution is payable January 13, 2017 to unitholders of record on January 3, 2017, with an ex-dividend date of December 29, 2016. The yield based on the new payout is 7.5%.

Boston Properties, Inc. (BXP) is a real estate investment trust. The Company is an owner and developer of office properties in the United States. December 19th the company increased its quarterly dividend 15% to $0.75 per share. The dividend is payable January 30, 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 2.4%.

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: AMGN, FITB, MCO, BXP, CAFD,

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