Monday, March 20, 2017

7 Stocks Increasing Dividends For A Rainy Day

Life often deals us difficult circumstances to work through at what seems to be the most inopportune time. During economic downturns, many people lose their jobs at a time when companies aren't hiring. When things like this happen, those with an alternative income, including dividend growth stocks, are in a better position to deal with the circumstances thrust on them.

Below are several companies increasing their dividends and in turn better preparing their shareholders for a financial rainy day:

Oracle Corporation (ORCL) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. Recently the company increased its quarterly dividend 27% to $0.19 per share. The dividend is payable April 26, 2017 to stockholders of record on April 12, 2017, with an ex-dividend date of April 10, 2017. The yield based on the new payout is 1.8%.

W. P. Carey Inc. (WPC) is a leading global net-lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. Recently the company increased its quarterly dividend 0.5% to $0.995 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 6.5%.

MTGE Investment Corp. (MTGE) is a hybrid mortgage real estate investment trust that invests in, finances and manages a portfolio of real estate-related investments, which the Company defines to include agency residential mortgage-backed securities, non-agency mortgage investments, other mortgage-related investments and other real estate investments. Recently the company increased its quarterly dividend 12% to $0.45 per share. The dividend is payable April 27, 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 11.1%.

Realty Income Corporation (O) is an equity real estate investment trust that owns, develops and manages retail real estate, primarily single tenant buildings throughout most of the U.S. The trust is also among a handful of REITS that pay monthly dividends. Recently the company increased its monthly dividend 0.2% to $0.211 per share. The dividend is payable April 14, 2017 to stockholders of record on April 3, 2017, with an ex-dividend date of March 30, 2017. The yield based on the new payout is 4.4%.

Williams-Sonoma, Inc. (WSM) is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. Recently the company increased its quarterly dividend 5.4% to $0.39 per share. The dividend is payable May 26, 2017 to stockholders of record on April 28, 2017, with an ex-dividend date of April 26, 2017. The yield based on the new payout is 3.2%.

Randgold Resources Limited (GOLD) is engaged in the gold mining, exploration and related activities with a focus on West and Central Africa. Recently the company increased its quarterly dividend 51% to $1.00 per share. The dividend is payable May 26, 2017 to stockholders of record on March 17, 2017, with an ex-dividend date of March 16, 2017. The yield based on the new payout is 1.2%.

Two Harbors Investment Corp. (TWO) is a real estate investment trust focused on investing in, financing and managing residential mortgage-backed securities (RMBS), residential mortgage loans, mortgage servicing rights (MSR), commercial real estate and other financial assets. Recently the company increased its quarterly dividend 4.2% to $0.25 per share. The dividend is payable April 27, 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 10.9%.

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 O in my Dividend Growth Stocks folder. See a list of all my Dividend Growth Portfolio holdings here.

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- Where To Find Great Dividend Stocks
- How To Manage Your Dividend Portfolio In A Downturn

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Tags: ORCL, O, GOLD, TWO, WPC, MTGE, WSM,

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