Monday, April 3, 2017

7 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.

Raytheon Company (RTN) is a technology company, which specializes in defense and other government markets develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity. Recently the company increased its quarterly dividend 8.9% to $0.7975 per share. The dividend is payable May 11, 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 2.1%.

CyrusOne Inc. (CONE) is a real estate investment trust that is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. Recently the company increased its quarterly dividend 10% to $0.42 per share. The dividend is payable April 14, 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 3.3%.

Smith & Nephew plc (SNN) is a medical technology company that is engaged in developing, manufacturing, marketing and selling medical devices and services. Recently the company increased its semi-annual dividend 57% to $0.37 per share. The dividend is payable May 10, 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 3.2%.

Amdocs Limited (DOX) is a provider of software and services for communications, entertainment and media industry service providers. Recently the company increased its quarterly dividend 13% to $0.22 per share. The dividend is payable April 14, 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 1.4%.

Sun Communities, Inc. (SUI) is a self-administered and self-managed real estate investment trust (REIT). Recently the company increased its quarterly dividend 3.1% to $0.67 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%.

Steelcase Inc. (SCS) provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. Recently the company increased its quarterly dividend 6.3% to $0.1275 per share. The dividend is payable April 14, 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 3.0%.

Activision Blizzard, Inc. (ATVI) is a developer and publisher of interactive entertainment content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Recently the company increased its annual dividend 15% to $0.30 per share. The dividend is payable May 10, 2017 to stockholders of record on March 30, 2017, with an ex-dividend date of March 28, 2017. The yield based on the new payout is 0.6%.

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

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Tags: RTN, CONE, SNN, DOX, SUI, SCS, ATVI,

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