Monday, February 27, 2017

12 Stocks Paying You Back With Higher Cash Dividends

Payback is the amount of time needed for an investment to earn its cost, undiscounted. Though not very sophisticated, payback can still help you screen for good, solid dividend growth stocks. Once you earn back your investment, some might say you are in a no-lose situation. I wouldn’t go quite that far, but you have found an investment that has provided you a good historical revenue stream, and hopefully it will continue to do so in the future.

Below are several dividend stocks that recently rewarded their shareholders with increased cash dividends:

Royal Bank of Canada (RY), is a diversified financial services company that provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. February 24th the company increased its quarterly dividend 4.8% to C$0.87 per share. The dividend is payable May 24, 2017 to stockholders of record on April 25, 2017, with an ex-dividend date of April 21, 2017. The yield based on the new payout is 3.6%.

The Wendy's Company (WEN) is the parent company of its subsidiary holding company Wendy's Restaurants, LLC. February 24th the company increased its quarterly dividend 7.7% to $0.07 per share. The dividend is payable March 15, 2017 to stockholders of record on March 1, 2017, with an ex-dividend date of February 27, 2017. The yield based on the new payout is 2.0%.

Corning Incorporated (GLW) is engaged in manufacturing specialty glass and ceramics. February 23rd the company increased its quarterly dividend 15% to $0.155 per share. The dividend is payable March 31, 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 2.3%.

Brookfield Infrastructure Partners L.P. (BIP) owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. February 23rd the partnership increased its quarterly distribution 11% to $0.435 per unit. The distribution is payable March 31, 2017 to unitholders of record on February 28, 2017, with an ex-dividend date of February 24, 2017. The yield based on the new payout is 4.7%.

Brookfield Asset Management Inc. (BAM) is an alternative asset manager. February 23rd the company increased its quarterly dividend 7.7% to $0.14 per share. The dividend is payable March 31, 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 1.5%.

Eaton Corporation plc (ETN) operates as a power management company worldwide. February 22st the company increased its quarterly dividend 5.3% to $0.60 per share. The dividend is payable March 17, 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 3.3%.

Sturm, Ruger & Company, Inc. (RGR) is engaged in the design, manufacture and sale of firearms to domestic customers. February 22st the company increased its quarterly dividend 7.3% to $0.44 per share. The dividend is payable March 31, 2017 to stockholders of record on March 17, 2017, with an ex-dividend date of March 15, 2017. The yield based on the new payout is 3.5%.

Wal-Mart Stores, Inc. (WMT) is engaged in the operation of retail, wholesale and other units in various formats around the world. February 21st the company increased its quarterly dividend 2% to $0.51 per share. The dividend is payable April 3, 2017 to stockholders of record on March 10, 2017, with an ex-dividend date of March 8, 2017. The yield based on the new payout is 2.9%.

GlaxoSmithKline plc (GSK) is a healthcare company that is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products, including vaccines, over-the-counter (OTC) medicines and health-related consumer products. February 21st the company increased its quarterly dividend 21% to EUR 0.23 per share. The dividend is payable April 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 7.4%.

The Williams Companies, Inc. (WMB) is an energy infrastructure company focused on connecting North America's hydrocarbon resource plays to markets for natural gas and natural gas liquids. February 21st the company increased its quarterly dividend 50% to $0.30 per share. The dividend is payable March 27, 2017 to stockholders of record on March 10, 2017, with an ex-dividend date of March 8, 2017. The yield based on the new payout is 4.3%.

Danaher Corporation (DHR) designs, manufactures and markets professional, medical, industrial and commercial products and services. February 21st the company increased its quarterly dividend 12% to $0.14 per share. The dividend is payable April 28, 2017 to stockholders of record on March 31, 2017, with an ex-dividend date of March 29, 2017. The yield based on the new payout is 0.7%.

Genuine Parts Company (GPC) is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. February 21st the company increased its quarterly dividend 2.6% to $0.675 per share. The dividend is payable April 3, 2017 to stockholders of record on March 10, 2017, with an ex-dividend date of March 8, 2017. The yield based on the new payout is 2.7%.

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 WMT, GPC. See a list of all my Dividend Growth Portfolio holdings here.

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- Managing Risk With Dividend Stocks
(Photo Credit)


Tags: WMT, GSK, GLW, RY, WMB, ETN, WEN, BIP, DHR, BAM, RGR, GPC,

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