Monday, February 13, 2017

12 Stocks For Those That Love Increasing Dividends

Over time we tend grow fond of people we have a relationship with. Sometimes we grow to love them like a brother or sister; sometimes even more. In much the same way we can easily grow to love certain stocks, but this is not necessarily a good thing. It is easy to be captivated with a top performer. Everyone loves a winner. To achieve our long-term investing goals we must remove emotion from the equation. It is a recipe for disaster when we make investing decisions based on a past relationship with a stock that is contrary to the current fact pattern.

That is not to say I am not fond of certain stocks. For example, I love stocks that consistently raise their dividends. Here are several that are trying win my affection with dividend increases:

Harley-Davidson, Inc. (HOG) is the parent company for the groups of companies doing business as Harley-Davidson Motor Company and Harley-Davidson Financial Services. February 10th the company increased its quarterly dividend 4.3% to $0.365 per share. The dividend is payable March 3, 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 2.5%.

The Allstate Corporation (ALL) is engaged in the property-liability insurance and life insurance business. February 10th the company increased its quarterly dividend 12% to $0.37 per share. The dividend is payable April 3, 2017 to stockholders of record on February 28, 2017, with an ex-dividend date of February 24, 2017. The yield based on the new payout is 1.9%.

Suncor Energy Inc. (SU) is an integrated energy company focused on developing Canada's petroleum resource basin, Athabasca oil sands. February 8th the company increased its quarterly dividend 10% to C$0.32 per share. The dividend is payable March 24, 2017 to stockholders of record on March 3, 2017, with an ex-dividend date of March 1, 2017. The yield based on the new payout is 3.2%.

Dunkin' Brands Group, Inc. (DNKN) is a franchisor of quick service restaurants (QSRs) serving hot and cold coffee and baked goods, as well as hard serve ice cream. February 8th the company increased its quarterly dividend 7.5% to $0.3225 per share. The dividend is payable March 22, 2017 to stockholders of record on March 13, 2017, with an ex-dividend date of March 9, 2017. The yield based on the new payout is 2.5%.

Manulife Financial Corporation (MFC) is a life insurance company. February 8th the company increased its quarterly dividend 11% to C$0.205 per share. The dividend is payable March 20, 2017 to stockholders of record on February 22, 2017, with an ex-dividend date of February 17, 2017. The yield based on the new payout is 3.3%.

Dr Pepper Snapple Group, Inc. (DPS) is an owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico. February 8th the company increased its quarterly dividend 9.4% to $0.58 per share. The dividend is payable April 5, 2017 to stockholders of record on March 14, 2017, with an ex-dividend date of March 10, 2017. The yield based on the new payout is 2.5%.

United Parcel Service, Inc. (UPS) is a package delivery company. February 8th the company increased its quarterly dividend 6.4% to $0.83 per share. The dividend is payable March 9, 2017 to stockholders of record on February 21, 2017, with an ex-dividend date of February 16, 2017. The yield based on the new payout is 3.1%.

Alaska Air Group, Inc. (ALK) is a holding company of Alaska Airlines (Alaska) and Horizon Air (Horizon). February 8th the company increased its quarterly dividend 9.1% to $0.30 per share. The dividend is payable March 9, 2017 to stockholders of record on February 21, 2017, with an ex-dividend date of February 16, 2017. The yield based on the new payout is 1.3%.

Gilead Sciences, Inc. (GILD) is a research-based biopharmaceutical company that focuses on the discovery, development and commercialization of medicines in areas of unmet medical need. February 7th the company increased its quarterly dividend 11% to $0.52 per share. The dividend is payable March 30, 2017 to stockholders of record on March 16, 2017, with an ex-dividend date of March 14, 2017. The yield based on the new payout is 2.8%.

3M Co. (MMM) provides enhanced product functionality in electronics, health care, industrial, consumer, office, telecommunications, safety & security and other markets via coatings, sealants, adhesives and other chemical additives. February 7th the company increased its quarterly dividend 6% to $1.175 per share. The dividend is payable March 12, 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 2.7%.

Archer-Daniels-Midland Company (ADM) is a processor of oilseeds, corn, wheat and other agricultural commodities and manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. February 7th the company increased its quarterly dividend 6.7% to $0.32 per share. The dividend is payable March 14, 2017 to stockholders of record on February 21, 2017, with an ex-dividend date of February 16, 2017. The yield based on the new payout is 2.9%.

Hasbro, Inc. (HAS) is a branded-play company. February 6th the company increased its quarterly dividend 12% to $0.57 per share. The dividend is payable May 15, 2017 to stockholders of record on May 1, 2017, with an ex-dividend date of April 27, 2017. The yield based on the new payout is 2.8%.

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: Long MMM, ADM. See a list of all my Dividend Growth Portfolio holdings here.

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- 5 Tech Stocks With A History of Growing Their Dividends
- 8 Dividend Stocks For The Ultimate In Deferred Gratification

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Tags: GILD, MMM, UPS, SU, ADM, DNKN, HOG, ALK, HAS, MFC, DPS, ALL,

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