Monday, June 19, 2017

9 Stocks Providing Positive Feedback With 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:

Caterpillar Inc. (CAT) is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Recently the company increased its quarterly dividend 1.3% to $0.78 per share. The dividend is payable August 19, 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 3.0%.

Target Corporation (TGT) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Recently the company increased its quarterly dividend 3.3% to $0.62 per share. The dividend is payable September 10, 2017 to stockholders of record on August 16, 2017, with an ex-dividend date of August 14, 2017. The yield based on the new payout is 4.3%.

Realty Income Corporation (O) is a real estate investment trust that is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. Recently the company increased its quarterly dividend 0.2% to $0.2115 per share. The dividend is payable July 14, 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 4.5%.

United Technologies Corporation (UTX) is engaged in providing high technology products and services to the building systems and aerospace industries around the world. Recently the company increased its quarterly dividend 6.1% to $0.70 per share. The dividend is payable September 10, 2017 to stockholders of record on August 18, 2017, with an ex-dividend date of August 16, 2017. The yield based on the new payout is 2.3%.

FedEx Corporation (FDX) provides a portfolio of transportation, e-commerce and business services through Recently the company increased its quarterly dividend 25% to $0.50 per share. The dividend is payable July 6, 2017 to stockholders of record on June 22, 2017, with an ex-dividend date of June 20, 2017. The yield based on the new payout is 1.0%.

Two Harbors Investment Corp. (TWO) is a real estate investment trust that is focused on investing in, financing and managing residential mortgage-backed securities, mortgage servicing rights, commercial real estate and other financial assets. Recently the company increased its quarterly dividend 4% to $0.26 per share. The dividend is payable July 27, 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 10%.

W. P. Carey Inc. (WPC) is a leading global net-lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. Recently the company increased its quarterly dividend 0.5% to $1.00 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 5.9%.

Teck Resources Ltd (TECK) is engaged in the business of exploring for, acquiring, developing and producing natural resources. Recently the company increased its quarterly dividend 100% to C$0.10 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 1.0%.

Bed Bath & Beyond Inc. (BBBY) is a retailer, which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops andThat! or andThat!, Harmon or Harmon Face Values, buybuy BABY and World Market, Cost Plus World Market or Cost Plus. Recently the company increased its quarterly dividend 20% to $0.15 per share. The dividend is payable July 6, 2017 to stockholders of record on June 16, 2017, with an ex-dividend date of June 14, 2017. The yield based on the new payout is 1.7%.

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 O, UTX. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: CAT, TGT, O, UTX, FDX, TWO, WPC, TECK, BBBY,

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