Monday, June 26, 2017

6 Stocks Delivering What's Important - Increased Dividends

What is the primary reason you invest in dividend stocks? For me, it is a means to build a growing income that can be relied on during retirement. One of the beauties of dividend investing is it provides you continuous feedback. As the years and decades go by you can see your earnings steadily grow as you invest your money in dividend stocks, and as an added bonus, great dividend stocks will increase their dividend payments each year.

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

The Kroger Co. (KR) operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. Recently the company increased its quarterly dividend 4.2% to $0.125 per share. The dividend is payable September 1, 2017 to stockholders of record on August 15, 2017, with an ex-dividend date of August 11, 2017. The yield based on the new payout is 2.3%.

Himax Technologies, Inc. (HIMX) is a fabless semiconductor solution provider that is engaged in display driver integrated circuits (IC) and timing controllers used in televisions, laptops, monitors, mobile phones, tablets, digital cameras, car navigation and other consumer electronics devices. Recently the company increased its annual dividend 85% to $0.24 per share. The dividend is payable August 14, 2017 to stockholders of record on July 31, 2017, with an ex-dividend date of July 27, 2017. The yield based on the new payout is 2.9%.

New Residential Investment Corp. (NRZ) is a real estate investment trust that focuses on investing in, and managing, investments related to residential real estate. Recently the company increased its quarterly dividend 4.2% to $0.50 per share. The dividend is payable July 28, 2017 to stockholders of record on July 3, 2017, with an ex-dividend date of June 29, 2017. The yield based on the new payout is 12%.

Trinseo S.A. (TSE) is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. Recently the company increased its quarterly dividend 20% to $0.36 per share. The dividend is payable July 25, 2017 to stockholders of record on July 11, 2017, with an ex-dividend date of July 7, 2017. The yield based on the new payout is 2.2%.

John Wiley & Sons, Inc. (JW.A) provides knowledge and knowledge-enabled services in the areas of research, professional practice and education. Recently the company increased its quarterly dividend 3.2% to $0.32 per share. The dividend is payable July 19, 2017 to stockholders of record on July 5, 2017, with an ex-dividend date of June 30, 2017. The yield based on the new payout is 2.5%.

Shoe Carnival, Inc. (SCVL) is a family footwear retailer. The Company's primary activity is the sale of footwear and related products through its retail stores in approximately 30 states within the continental United States and in Puerto Rico. Recently the company increased its quarterly dividend 7% to $0.075 per share. The dividend is payable July 17, 2017 to stockholders of record on July 3, 2017, with an ex-dividend date of June 29, 2017. The yield based on the new payout is 1.5%.

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: No position in the aforementioned securities. See a list of all my Dividend Growth Portfolio holdings here.

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- Early Warning Signs of a Dividend Cut

(Photo Credit)


Tags: KR, HIMX, NRZ, TSE, JW.A, SCVL,

1 comment:

  1. How can NRZ maintain a 12% dividend? Or is the stock way under valued?

    ReplyDelete

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