Monday, February 6, 2017

13 Stocks Building Deferred Gratification With Increased Dividends

Deferred gratification is a principle where one or more people choose to postpone near-term benefits in order to enhance their chances of greater benefits in the future. In our microwave society marked by the ‘I want it now’ attitude, it is unusual to find someone willing to wait. However, deferred gratification is essential for anyone wanting to build wealth and is a key ingredient in a successful dividend investing strategy.

Below are several stocks building future gratification through with the promise of higher cash dividends:

Apollo Global Management, LLC (APO) is an alternative investment manager in private equity, credit and real estate. February 3rd the company increased its quarterly dividend 29% to $0.45 per share. The dividend is payable February 28, 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 8.3%.

Avista Corporation (AVA) is an electric and natural gas utility with certain other business ventures. February 3rd the company increased its quarterly dividend 4.4% to $0.3575 per share. The dividend is payable March 15, 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 3.7%.

Southern Copper Corporation (SCCO) is an integrated copper producer that produces copper, molybdenum, zinc and silver. February 2nd the company increased its quarterly dividend 60% to $0.08 per share. The dividend is payable February 28, 2017 to stockholders of record on February 14, 2017, with an ex-dividend date of February 10, 2017. The yield based on the new payout is 0.8%.

Eversource Energy (ES), formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. February 2nd the company increased its quarterly dividend 6.7% to $0.475 per share. The dividend is payable March 31, 2017 to stockholders of record on March 2, 2017, with an ex-dividend date of February 28, 2017. The yield based on the new payout is 3.4%.

Compass Minerals International, Inc. (CMP) is engaged in producing and marketing essential minerals, including salt, sulfate of potash (SOP) specialty fertilizer, magnesium chloride and micronutrients. February 2nd the company increased its quarterly dividend 3.6% to $0.72 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 3.4%.

Corning Incorporated (GLW) is engaged in the manufacture of specialty glass and ceramics. February 1st 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 2.4%.

AvalonBay Communities, Inc. (AVB) is a real estate investment trust that focuses on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. February 1st the company increased its quarterly dividend 5.2% to $1.42 per share. The dividend is payable April 17, 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 3.4%.

ConocoPhillips (COP) is an independent exploration and production company that explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). January 31st the company increased its quarterly dividend 6% to $0.265 per share. The dividend is payable March 1, 2017 to stockholders of record on February 14, 2017, with an ex-dividend date of February 10, 2017. The yield based on the new payout is 2.2%.

Exelon Corporation (EXC) is a utility services holding company. January 31st the company increased its quarterly dividend 3.0% to $0.3275 per share. The dividend is payable March 10, 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 3.7%.

Simon Property Group, Inc. (SPG) is a self-administered and self-managed real estate investment trust (REIT) that owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. January 31st the company increased its quarterly dividend 6.1% to $1.75 per share. The dividend is payable February 28, 2017 to stockholders of record on February 14, 2017, with an ex-dividend date of February 10, 2017. The yield based on the new payout is 3.9%.

Citizens Financial Group, Inc. (CFG) is a retail bank holding that offers a range of retail and commercial banking products and services to individuals, institutions and companies. January 31st the company increased its quarterly dividend 17% to $0.14 per share. The dividend is payable February 16, 2017 to stockholders of record on February 2, 2017, with an ex-dividend date of January 31, 2017. The yield based on the new payout is 1.5%.

New Residential Investment Corp. (NRZ) is a real estate investment trust (REIT) that is focused on investing in, and managing, investments related to residential real estate. January 30th the company increased its quarterly dividend 4.3% to $0.48 per share. The dividend is payable April 28, 2017 to stockholders of record on March 27, 2017, with an ex-dividend date of March 23, 2017. The yield based on the new payout is 12%.

Booz Allen Hamilton Holding Corporation (BAH) is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. January 30th the company increased its quarterly dividend 13% to $0.17 per share. The dividend is payable February 28, 2017 to stockholders of record on February 10, 2017, with an ex-dividend date of February 8, 2017. The yield based on the new payout is 1.9%.

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 AVA. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: COP, GLW, EXC, SCCO, NRZ, SPG, APO, AVB, ES, AVA, CMP, BAH, CFG,

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