Monday, May 29, 2017

9 Dividend Stocks Working Even When I’m Not

This past week I have been vacationing hundreds of miles from my home. As with most vacations, I have not done much work this week. However, a quick check of my brokerage account shows that my Dividend Growth Stocks have been very busy this week. It is nice to know my income portfolio never takes a day off. What’s even better is the portfolio is frequently getting a raise through higher cash dividend payments.

Here are several select companies that have recently provided their shareholders a raise with increased cash dividends:

Tiffany and Company (TIF) is a jeweler and specialty retailer. Recently the company increased its quarterly dividend 11% to $0.50 per share. The dividend is payable July 10, 2017 to stockholders of record on June 20, 2017, with an ex-dividend date of June 16, 2017. The yield based on the new payout is 2.4%.

LyondellBasell Industries N.V. (LYB) is a chemical company. Recently the company increased its quarterly dividend 5.9% to $0.90 per share. The dividend is payable June 12, 2017 to stockholders of record on June 5, 2017, with an ex-dividend date of June 1, 2017. The yield based on the new payout is 4.5%.

Cracker Barrel Old Country Store, Inc. (CBRL) is engaged in the operation and development of the Cracker Barrel Old Country Store concept. As of September 19, 2016, the Company operated 640 Cracker Barrel stores in 43 states. The format of its stores consists of a rustic old country-store design offering a restaurant menu that features home-style country food and a range of decorative and functional items, such as rocking chairs, holiday and seasonal gifts and toys, apparel, cookware and foods. Recently the company increased its quarterly dividend 4.3% to $1.20 per share. The dividend is payable August 4, 2017 to stockholders of record on July 14, 2017, with an ex-dividend date of July 12, 2017. The yield based on the new payout is 3.0%.

Flowers Foods, Inc. (FLO) is a producer and marketer of packaged bakery products. Recently the company increased its quarterly dividend 6.3% to $0.17 per share. The dividend is payable June 23, 2017 to stockholders of record on June 9, 2017, with an ex-dividend date of June 7, 2017. The yield based on the new payout is 3.7%.

QIWI plc (QIWI) is a provider of payment services in Russia and the Commonwealth of Independent States. Recently the company increased its quarterly dividend 16% to $0.22 per share. The dividend is payable May 31, 2017 to stockholders of record on May 29, 2017, with an ex-dividend date of May 25, 2017. The yield based on the new payout is 3.8%.

Agree Realty Corporation (ADC) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. Recently the company increased its quarterly dividend 2% to $0.505 per share. The dividend is payable July 14, 2017 to stockholders of record on June 30, 2017, with an ex-dividend date of June 28, 2017. The yield based on the new payout is 4.5%.

National Storage Affiliates Trust (NSA) is an integrated, self-administered and self-managed real estate investment trust that is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. Recently the company increased its quarterly dividend 8.3% to $0.26 per share. The dividend is payable June 30, 2017 to stockholders of record on June 15, 2017, with an ex-dividend date of June 13, 2017. The yield based on the new payout is 4.2%.

China Yuchai International Limited (CYD) is a holding company that holds interest in Guangxi Yuchai Machinery Company Limited (Yuchai), which manufactures, assembles and sells diesel engines in the People's Republic of China (the PRC). Recently the company increased its annual dividend 5.9% to $0.90 per share. The dividend is payable July 13, 2017 to stockholders of record on June 7, 2017, with an ex-dividend date of June 5, 2017. The yield based on the new payout is 5.3%.

Kilroy Realty Corporation (KRC) is a real estate investment trust (REIT) that operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle. Recently the company increased its quarterly dividend 13% to $0.425 per share. The dividend is payable July 12, 2017 to stockholders of record on June 30, 2017, with an ex-dividend date of June 28, 2017. The yield based on the new payout is 2.3%.

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

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Tags: TIF, LYB, CBRL, FLO, QIWI, ADC, NSA, CYD, KRC,

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