Monday, March 27, 2017

6 Stocks Building Wealth With Dividend Increases

Have you ever wondered just where are all the get-rich-now infomercial millionaires? I know several people who have purchased one or more of these get-rich-now kits, but I don't know of anyone who actually got rich from purchasing the kit. Warren Buffett and Bill Gates didn't build their fortunes with a get-rich-now kit. They worked hard built it steadily over time.

In much the same way, a disciplined approach to investing, such as dividend growth stocks, can be highly effective. Though it may seem boring to many, I find it exciting to see my income growing as the finish line approaches.

Below are several companies building their shareholders' wealth with increased cash dividends:

8point3 Energy Partners LP (CAFD) owns, operates and acquires solar energy generation projects. Recently the partnership increased its quarterly distribution 3% to $0.2565 per unit. The distribution is payable April 14, 2017 to unitholders of record on April 4, 2017, with an ex-dividend date of March 31, 2017. The yield based on the new payout is 8.2%.

Vail Resorts, Inc. (MTN) operates over 10 mountain resort properties and approximately three urban ski areas, as well as ancillary services, primarily including, ski school, dining, and retail/rental operations. Recently the company increased its quarterly dividend 30% to $1.053 per share. The dividend is payable April 13, 2017 to stockholders of record on March 29, 2017, with an ex-dividend date of March 27, 2017. The yield based on the new payout is 2.3%.

UDR, Inc. (UDR) is a self-administered real estate investment trust. The Company owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States. Recently the company increased its quarterly dividend 5.1% to $0.31 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%.

JPMorgan Chase & Co. (JPM) is a financial holding company engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Recently the company increased its quarterly dividend 4.2% to $0.50 per share. The dividend is payable April 30, 2017 to stockholders of record on April 6, 2017, with an ex-dividend date of April 4, 2017. The yield based on the new payout is 2.3%.

Silver Wheaton Corp. (SLW) is a mining company engaged in the sale of silver and gold. Recently the company increased its quarterly dividend 17% to $0.07 per share. The dividend is payable April 21, 2017 to stockholders of record on April 5, 2017, with an ex-dividend date of April 3, 2017. The yield based on the new payout is 1.4%.

Las Vegas Sands Corp. (LVS) is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. Recently the company increased its quarterly dividend 1.4% to $0.73 per share. The dividend is payable March 31, 2017 to stockholders of record on March 23, 2017, with an ex-dividend date of March 21, 2017. The yield based on the new payout is 5.1%.

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.

Related Articles
- Love People, Use Dividend Stocks
- We Were Dividends, Before Dividends Were Cool
- 7 Dividend Stocks Delivering The Secret To Success
- 5 Low-Risk, High-Yielding Dividend Stocks
- 9 Dividend Stocks For A Rainy Day

(Photo Credit)


Tags: JPM, SLW, LVS, CAFD, MTN, UDR,

No comments:

Post a Comment

Popular Posts - Last 7 days