Monday, April 17, 2017

8 Stocks Pumping Up Their Dividend

Dividend sustainability is paramount for the high-yield investor. Having a stock cut its dividend could potentially crush their income. A high-yield investor is less concerned about dividend growth than maintaining the current high-yield. Most traditional dividend growth stocks pay a moderate to low yield, thus sustainability is not enough - the dividend growth investor also expects substantial and consistent growth.

Below are several companies not only sustaining their dividends, but growing them:

Omega Healthcare Investors, Inc. (OHI) is a self-administered real estate investment trust (REIT) that maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. Recently the company increased its quarterly dividend 1.6% to $0.63 per share. The dividend is payable May 15, 2017 to stockholders of record on May 1, 2017, with an ex-dividend date of April 27, 2017. The yield based on the new payout is 7.4%.

Western Gas Partners, LP (WES) is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. Recently the partnership increased its quarterly distribution 1.7% to $0.875 per unit. The distribution is payable May 12, 2017 to unitholders of record on May 1, 2017, with an ex-dividend date of April 27, 2017. The yield based on the new payout is 5.8%.

QUALCOMM Incorporated (QCOM) is engaged in the development and commercialization of a digital communication technology called code division multiple access. Recently the company increased its quarterly dividend 7.5% to $0.57 per share. The dividend is payable June 21, 2017 to stockholders of record on May 31, 2017, with an ex-dividend date of May 26, 2017. The yield based on the new payout is 4.1%.

The Greenbrier Companies, Inc. (GBX) is a designer, manufacturer and marketer of railroad freight car equipment; a manufacturer and marketer of marine barges; a provider of wheel services, parts, leasing and other services to the railroad and related transportation industries, and a provider of railcar repair, refurbishment and retrofitting services. Recently the company increased its quarterly dividend 4.8% to $0.22 per share. The dividend is payable May 9, 2017 to stockholders of record on April 18, 2017, with an ex-dividend date of April 13, 2017. The yield based on the new payout is 2.0%.

The Procter & Gamble Company (PG) is focused on providing branded consumer packaged goods to the consumers across the world. Recently the company increased its quarterly dividend 3% to $0.6896 per share. The dividend is payable May 15, 2017 to stockholders of record on April 21, 2017, with an ex-dividend date of April 19, 2017. The yield based on the new payout is 3.1%.

Gladstone Investment Corporation (GAIN) is an externally managed, closed-end, non-diversified management investment company. Recently the company increased its quarterly dividend 2.4% to $0.064 per share. The dividend is payable April 28, 2017 to stockholders of record on April 21, 2017, with an ex-dividend date of April 19, 2017. The yield based on the new payout is 8.5%.

Genesis Energy L.P. (GEL) is a limited partnership focused on the midstream segment of the oil and gas industry. Recently the company increased its quarterly dividend 1.4% to $0.72 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 8.8%.

Hospitality Properties Trust (HPT) is a real estate investment trust owning 306 hotels with 46,583 rooms or suites, and 198 travel centers. Recently the company increased its quarterly dividend 2% to $0.52 per share. The dividend is payable May 18, 2017 to stockholders of record on April 21, 2017, with an ex-dividend date of April 19, 2017. The yield based on the new payout is 6.4%.

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 PG, QCOM, OHI. See a list of all my Dividend Growth Portfolio holdings here.

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- 5 Dividend Stocks To Buy And Hold, Not Buy And Forget

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Tags: PG, QCOM, OHI, GBX, GAIN, GEL, HPT, WES,

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