Monday, January 23, 2017

12 Dividend Stocks Building Shareholder Returns With Higher Dividends

Over time, a conservative dividend growth based investment strategy usually does quite well versus the market as a whole. My goal as a dividend growth stocks investor is to build a steadily increasing income and not necessarily to outperform the market via capital gains. But given the choice, I certainty don't mind having both.

Below are several dividend stocks building shareholder returns with higher cash dividends:

Consolidated Edison, Inc. (ED) provides energy-related products and services to wholesale and retail customers, and develops, owns and operates renewable and energy infrastructure projects. January 19th the company increased its quarterly dividend 3% to $0.69 per share. The dividend is payable March 15, 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 3.8%.

Shell Midstream Partners, L.P. (SHLX) is a master limited partnership company formed to own, operate, develop and acquire pipelines and other midstream assets. January 19th the partnership increased its quarterly distribution 5% to $0.277 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 3.6%.

CMS Energy Corporation (CMS) is an energy company operating primarily in Michigan. January 19th the company increased its quarterly dividend 7.3% to $0.3325 per share. The dividend is payable February 28, 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 3.2%.

Zoetis Inc. (ZTS) is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. January 18th the company increased its quarterly dividend 10% to $0.105 per share. The dividend is payable March 1, 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 0.8%.

Capital Product Partners L.P. (CPLP) is an international owner of modern tanker, container and drybulk vessels owning approximately 35 vessels, including twenty modern Medium Range (MR) product tankers, four Suezmax crude oil tankers, 10 post panamax container vessels and one Capesize bulk carrier. January 18th the partnership increased its quarterly distribution 6.7% to $0.08 per unit. The distribution is payable February 15, 2017 to unitholders of record on February 6, 2017, with an ex-dividend date of February 2, 2017. The yield based on the new payout is 9.6%.

Phillips 66 Partners LP (PSXP) owns, operates, develops and acquires fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and other transportation and midstream assets. January 18th the partnership increased its quarterly distribution 5.1% to $0.558 per unit. The distribution is payable February 13, 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 4.3%.

Vornado Realty Trust (VNO) is a fully integrated real estate investment trust (REIT). January 18th the company increased its quarterly dividend 13% to $0.71 per share. The dividend is payable February 15, 2017 to stockholders of record on January 30, 2017, with an ex-dividend date of January 26, 2017. The yield based on the new payout is 2.7%.

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. January 17th the company increased its monthly dividend 4% to $0.2105 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 4.2%.

Fastenal Company (FAST) is engaged in wholesale distribution of industrial and construction supplies. The Company distributes these supplies through a network of approximately 2,600 Company-owned stores. January 17th the company increased its quarterly dividend 6.7% to $0.32 per share. The dividend is payable February 28, 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 2.7%.

EPR Properties (EPR) is a self-administered real estate investment trust (REIT)with an investment portfolio includes entertainment, education and recreation properties. January 17th the company increased its monthly dividend 6.3% to $0.34 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 5.6%.

Western Gas Partners, LP (WES) is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. January 17th the partnership increased its quarterly distribution 1.8% to $0.86 per unit. The distribution is payable February 13, 2017 to unitholders of record on February 2, 2017, with an ex-dividend date of January 31, 2017. The yield based on the new payout is 5.7%.

HCI Group, Inc. (HCI) is engaged in providing property and casualty insurance to homeowners, condominium owners, and tenants in the state of Florida. January 17th the company increased its quarterly dividend 17% to $0.35 per share. The dividend is payable March 17, 2017 to stockholders of record on February 17, 2017, with an ex-dividend date of February 15, 2017. 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: No position in the aforementioned securities. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: O, CVS, ED, FAST, ZTS, CPLP, EPR, PSXP, VNO, WES, SHLX, CMS, HCI,

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