Monday, April 10, 2017

10 Stocks Providing Positive Feedback With Higher Dividends

It seems that every investing article ends with the same conclusion - you should be buying dividend stocks. Beyond the simple concepts, some of the writers are making really bad recommendations and cross-breeding dividend investing with their preferred form of investing. Dividend growth investing is not about exit points, momentum swings, relative strength, sector rotation; instead it is about studying fundamentals, selecting superior stocks and building a portfolio with a long-term horizon. When we buy a dividend stock, we hope to hold it forever.

This week several companies provided their shareholders positive feedback with increased cash dividends:

Carnival Corporation (CCL) is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. Recently the company increased its quarterly dividend 14% to $0.40 per share. The dividend is payable June 16, 2017 to stockholders of record on May 26, 2017, with an ex-dividend date of May 24, 2017. The yield based on the new payout is 2.7%.

Chico's FAS, Inc. (CHS) is an omni-channel specialty retailer of women's private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico's, White House Black Market (WHBM) and Soma brand names. Recently the company increased its quarterly dividend 3.1% to $0.0825 per share. The dividend is payable June 26, 2017 to stockholders of record on June 12, 2017, with an ex-dividend date of June 8, 2017. The yield based on the new payout is 2.5%.

Dollar General Corporation (DG) is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. Recently the company increased its quarterly dividend 4% to $0.26 per share. The dividend is payable April 25, 2017 to stockholders of record on April 11, 2017, with an ex-dividend date of April 7, 2017. The yield based on the new payout is 1.5%.

Constellation Brands, Inc. (STZ) is an international beverage company. Recently the company increased its quarterly dividend 30% to $0.52 per share. The dividend is payable May 24, 2017 to stockholders of record on May 10, 2017, with an ex-dividend date of May 8, 2017. The yield based on the new payout is 1.3%.

Tanger Factory Outlet Centers, Inc. (SKT) is a fully-integrated, self-administered and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating and managing outlet shopping centers. Recently the company increased its quarterly dividend 5.4% to $0.3425 per share. The dividend is payable May 15, 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 4.2%.

Enterprise Products Partners L.P. (EPD) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. Recently the partnership increased its quarterly distribution 1.2% to $0.415 per unit. The distribution is payable May 8, 2017 to unitholders of record on April 28, 2017, with an ex-dividend date of April 26, 2017. The yield based on the new payout is 6.0%.

LSI Corporation (LSI) designs, develops and markets high-performance storage and networking semiconductors. Recently the company increased its quarterly dividend 5.3% to $1.00 per share. The dividend is payable April 26, 2017 to stockholders of record on April 18, 2017, with an ex-dividend date of April 14, 2017. The yield based on the new payout is 4.7%.

The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. Recently the company increased its quarterly dividend 20% to $0.3125 per share. The dividend is payable June 1, 2017 to stockholders of record on May 11, 2017, with an ex-dividend date of May 9, 2017. The yield based on the new payout is 1.6%.

Cisco Systems, Inc. (CSCO) designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. Recently the company increased its quarterly dividend 11% to $0.29 per share. The dividend is payable April 26, 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 3.5%.

Bank of the Ozarks, Inc. (OZRK) is a bank holding company. The Company owns an Arkansas state chartered subsidiary bank, Bank of the Ozarks (the Bank). The Company provides a range of retail and commercial banking services. Recently the company increased its quarterly dividend 2.9% to $0.175 per share. The dividend is payable April 21, 2017 to stockholders of record on April 14, 2017, with an ex-dividend date of April 12, 2017. The yield based on the new payout is 1.4%.

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

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- 6 Dividend Growth Stocks With Strong Capital Appreciation
- 6 Higher Yielding Basic Materials Stocks With Growing Dividends
- 7 Dividend Growth Stocks That Could Make You Wealthy

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Tags: CSCO, EPD, TJX, DG, STZ, CCL, SKT, CHS, OZRK, LSI,

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