Monday, March 6, 2017

12 Stocks Meeting Their Shareholders' Goal With increased Dividends

I have stated many times that my goal is to create an ever growing income stream from dividend growth stocks. Secondarily, it is my desire to beat the S&P 500 over time. With that said, I rarely look at the capital performance of individual stocks. What I do watch is the ability of the stocks I own to sustain their dividend growth.

This week several companies met their shareholders' goal of higher income with increased cash dividends:

Synovus Financial Corp. (SNV) provides integrated financial services, including commercial and retail banking, financial management, insurance and mortgage services to its customers through over 30 locally branded banking divisions of its subsidiary bank, Synovus Bank, and other offices in Georgia, Alabama, South Carolina, Florida and Tennessee. March 3rd the company increased its quarterly dividend 25% to $0.15 per share. The dividend is payable April 3, 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 1.4%.

Toronto-Dominion Bank (TD) is a Canada-based bank, which operates in the North America. It is an online financial services firm, with over 10.2 million online and mobile customers. March 2nd the company increased its quarterly dividend 9.1% to C$0.60 per share. The dividend is payable May 1, 2017 to stockholders of record on April 10, 2017, with an ex-dividend date of April 6, 2017. The yield based on the new payout is 3.4%.

Canadian Natural Resources Limited (CNQ) is an independent crude oil and natural gas exploration, development and production company that is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids. March 2nd the company increased its quarterly dividend 10% to C$0.275 per share. The dividend is payable April 1, 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 2.9%.

Best Buy Co., Inc. (BBY) is a provider of technology products, services and solutions. offerring products and services to the customers visiting its stores, engaging with Geek Squad agents or using its Websites or mobile applications. March 1st the company increased its quarterly dividend 21% to $0.34 per share. The dividend is payable April 12, 2017 to stockholders of record on March 22, 2017, with an ex-dividend date of March 20, 2017. The yield based on the new payout is 3.1%.

General Dynamics Corporation (GD) is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair. March 1st the company increased its quarterly dividend 10% to $0.84 per share. The dividend is payable May 5, 2017 to stockholders of record on April 7, 2017, with an ex-dividend date of April 5, 2017. The yield based on the new payout is 1.8%.

Digital Realty Trust, Inc. (DLR) is a real estate investment trust (REIT) that owns, acquires, develops and manages technology-related real estate. March 1st the company increased its quarterly dividend 5.7% to $0.93 per share. The dividend is payable March 31, 2017 to stockholders of record on March 15, 2017, with an ex-dividend date of March 13, 2017. The yield based on the new payout is 3.4%.

GameStop Corp. (GME) sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. March 1st the company increased its quarterly dividend 2.7% to $0.38 per share. The dividend is payable March 28, 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 6.2%.

The Bank of Nova Scotia (BNS) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. February 28th the company increased its quarterly dividend 2.7% to C$0.76 per share. The dividend is payable April 26, 2017 to stockholders of record on April 4, 2017, with an ex-dividend date of March 31, 2017. The yield based on the new payout is 3.8%.

Restaurant Brands International Inc (QSR) is a Canada-based quick service restaurant company that owns Tim Hortons and Burger King. February 28th the company increased its quarterly dividend 5.9% to $0.18 per share. The dividend is payable April 4, 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 1.3%.

NetEase, Inc. (NTES) is a technology company that operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. February 28th the company increased its quarterly dividend 30% to $1.01 per share. The dividend is payable March 10, 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 1.3%.

Orbital ATK, Inc. (OA) is an aerospace and defense systems company and supplier of related products to the United States Government, allied nations, prime contractors and other customers. February 28th the company increased its quarterly dividend 6.7x% to $0.32 per share. The dividend is payable March 24, 2017 to stockholders of record on March 9, 2017, with an ex-dividend date of March 7, 2017. The yield based on the new payout is 1.4%.

Wyndham Worldwide Corporation (WYN) is a hospitality company offering a range of hospitality services and products through its global portfolio of brands. February 28th the company increased its quarterly dividend 16% to $0.58 per share. The dividend is payable March 30, 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 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 GD, DLR. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: BBY, TD, BNS, GD, DLR, GME, CNQ, QSR, NTES, OA, SNV, WYN,

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