Monday, January 2, 2017

3 Stocks Paying Higher Cash Dividends

We have all heard it… Stodgy, for old people, yawn, boring! These have all been used to describe dividend growth stocks. As an investor in dividend growth stocks, I sometimes think our strategy is the most misunderstood. It seems everyone understands a traders mentality and a high-yield mentality. Periodically, it is good to remind ourselves that dividend growth stocks provides us with excellent long-term leverage and a growing income.

Below are several stocks using real cash to raise their dividends:



Raymond James Financial, Inc. (RJF) is a financial holding company. December 29th the company increased its quarterly dividend 10% to $0.22 per share. The dividend is payable January 17, 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 1.2%.

Stryker Corporation (SYK) operates as a medical technology company. December 28th the company increased its quarterly dividend 12% to $0.425 per share. The dividend is payable January 31, 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 1.4%.

W. P. Carey Inc. (WPC) is an independent equity real estate investment trust that primarily invests in commercial properties that are generally triple-net leased to single corporate tenants including office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties. December 28th the company increased its quarterly dividend 0.5% to $0.99 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 6.8%.

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: SYK, WPC, RJF,

1 comment:

  1. I own WPC and feel like it has to break out at some point! The miniscule quarterly dividend increases are nice but I'm hoping for something big in 2017
    TheDividendLife.com

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