Monday, June 5, 2017

6 Stocks Giving Shareholders A Raise With Higher Dividends

You expect your employer to give you a salary increase periodically. Why wouldn’t you expect the same from your investments? One of the most important aspects of a dividend stock is its ability to consistency raise dividends over time.

This week several companies made their shareholders happy by giving them a raise in cash dividends:

American Tower Corporation (AMT) as a real estate investment trust (REIT), which owns, operates and develops multitenant communications real estate. Recently the company increased its quarterly dividend 3.2% to $0.64 per share. The dividend is payable July 14, 2017 to stockholders of record on June 19, 2017, with an ex-dividend date of June 15, 2017. The yield based on the new payout is 1.9%.

KLA-Tencor Corporation (KLAC) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. Recently the company increased its quarterly dividend 9% to $0.59 per share. The yield based on the new payout is 2.0%.

PG&E Corporation (PCG) is a holding company. The Company's primary operating subsidiary is Pacific Gas and Electric Company, which operates in northern and central California. Recently the company increased its quarterly dividend 8.2% to $0.53 per share. The dividend is payable July 15, 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 3.1%.

CoreSite Realty Corporation (COR) is an integrated, self-administered and self-managed real estate investment trust. Recently the company increased its quarterly dividend 12% to $0.90 per share. The dividend is payable July 17, 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 3.5%.

National Bank of Canada (NTIOF) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises and large corporations in its domestic market and also offers specialized services internationally. Recently the company increased its quarterly dividend 3.6% to C$0.58 per share. The dividend is payable August 1, 2017 to stockholders of record on June 26, 2017, with an ex-dividend date of June 22, 2017. The yield based on the new payout is 4.4%.

Saratoga Investment Corp. (SAR) is a specialty externally managed, closed-end, non-diversified management investment company. Recently the company increased its quarterly dividend 2.2% to $0.47 per share. The dividend is payable June 27, 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 8.6%.

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

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Tags: AMT, KLAC, PCG, COR, NTIOF, SAR,

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