Monday, January 16, 2017

10 Stocks Raising The Dividend Growth Bar

A stock with a high yield doesn’t mean much if the dividend is cut or eliminated, and the stock price declines significantly. Sometimes it is desirable to accept higher risk for a higher yield. Other times we may be accepting higher risk and are not being adequately compensated for the additional risk. One measure of dividend sustainability is the ability of management to consistently raise their dividends each year.

Below are several companies raising the dividend growth bar one year by increasing cash dividends paid to their shareholders:

BlackRock, Inc. (BLK) is an investment management company that provides a range of investment and risk management services to institutional and retail clients across the world. January 13th the company increased its quarterly dividend 9.2% to $2.50 per share. The dividend is payable March 23, 2017 to stockholders of record on March 6, 2017, with an ex-dividend date of March 2, 2017. The yield based on the new payout is 2.6%.

Alliant Energy Corporation (LNT) is a regulated investor-owned public utility holding company. January 13th the company increased its quarterly dividend 7.2% to $0.315 per share. The dividend is payable February 15, 2017 to stockholders of record on January 31, 2017, with an ex-dividend date of January 27, 2017. The yield based on the new payout is 3.4%.

Omega Healthcare Investors, Inc. (OHI) is a self-administered real estate investment trust that invests in income producing healthcare facilities, long-term care facilities located throughout the United States and the United Kingdom. January 12th the company increased its quarterly dividend 1.6% to $0.62 per share. The dividend is payable February 15, 2017 to stockholders of record on January 31, 2017, with an ex-dividend date of January 27, 2017. The yield based on the new payout is 7.7%.

Genesis Energy, L.P. (GEL) is a limited partnership focused on the midstream segment of the oil and gas industry. January 12th the partnership increased its quarterly distribution 1.4% to $0.71 per unit. The distribution is payable February 14, 2017 to unitholders of record on January 31, 2017, with an ex-dividend date of January 27, 2017. The yield based on the new payout is 8.0%.

Graham Holdings Company (GHC) is a diversified education and media company. January 12th the company increased its quarterly dividend 5% to $1.27 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 1.0%.

Whole Foods Market, Inc. (WFM) is engaged in the business of natural and organic foods supermarket. January 11th the company increased its quarterly dividend 3.7% to $0.14 per share. The dividend is payable January 24, 2017 to stockholders of record on January 13, 2017, with an ex-dividend date of January 11, 2017. The yield based on the new payout is 1.8%.

Finish Line, Inc. (FINL) is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. January 11th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable March 13, 2017 to stockholders of record on February 24, 2017, with an ex-dividend date of February 22, 2017. The yield based on the new payout is 2.5%.

Antero Midstream Partners LP (AM) is a limited partnership formed by Antero Resources Corporation (Antero) to own, operate and develop midstream energy assets to service Antero's production. January 11th the partnership increased its quarterly distribution 5.7% to $0.28 per unit. The distribution is payable February 8, 2017 to unitholders of record on February 1, 2017, with an ex-dividend date of January 30, 2017. The yield based on the new payout is 3.4%.

Gladstone Land Corporation (LAND) is an externally-managed, agricultural real estate investment trust (REIT). January 10th the company increased its monthly dividend 1.2% to $0.043 per share. The dividend is payable January 31, 2017 to stockholders of record on January 20, 2017, with an ex-dividend date of January 18, 2017. The yield based on the new payout is 4.6%.

Apogee Enterprises, Inc. (APOG) is engaged in the design and development of glass solutions for enclosing commercial buildings and framing art. January 10th the company increased its quarterly dividend 12% to $0.14 per share. The dividend is payable February 15, 2017 to stockholders of record on January 31, 2017, with an ex-dividend date of January 27, 2017. The yield based on the new payout is 1.0%.

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 OHI in my High-Yield Portfolio. See a list of all my Dividend Growth Portfolio holdings here.
 
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Tags: WFM, OHI, BLK, GEL, LNT, FINL, LAND, GHC, APOG, AM,

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