Tuesday, September 5, 2017

7 Stocks Providing An Inflation Hedge With Increasing Dividends

With all the other investment strategies out there, why should investors consider dividend or income investing? There are a multitude of reasons to follow a dividend growth strategy. These include: investment stability, security of cash, continuous feedback, potential higher returns, low maintenance, et. al. But for me the most important reason is the inflation hedge that a growing income will provide in my retirement years.

Below are several companies building an inflation hedge for their shareholders by increasing their cash dividends:

Bank of America Corporation (BAC) is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. Recently the company increased its quarterly dividend 60% to $0.12 per share. The dividend is payable September 29, 2017 to stockholders of record on September 1, 2017, with an ex-dividend date of August 30, 2017. The yield based on the new payout is 2.0%.

The Bank of Nova Scotia (BNS) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. Recently the company increased its quarterly dividend 3.9% to C$0.79 per share. The dividend is payable October 27, 2017 to stockholders of record on October 3, 2017, with an ex-dividend date of October 2, 2017. The yield based on the new payout is 4.1%.

Andeavor (ANDV), formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. Recently the company increased its quarterly dividend 7.3% to $0.59 per share. The dividend is payable September 15, 2017 to stockholders of record on August 31, 2017, with an ex-dividend date of August 29, 2017. The yield based on the new payout is 2.3%.

Dover Corporation (DOV) is a diversified global manufacturer delivering equipment and components, specialty systems, consumable supplies, software and digital solutions and support services. Recently the company increased its quarterly dividend 6.8% to $0.47 per share. The dividend is payable September 15, 2017 to stockholders of record on September 31, 2017, with an ex-dividend date of August 29, 2017. The yield based on the new payout is 2.2%.

Maxim Integrated Products, Inc. (MXIM) is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. Recently the company increased its quarterly dividend 9.1% to $0.36 per share. The dividend is payable September 14, 2017 to stockholders of record on August 31, 2017, with an ex-dividend date of August 29, 2017. The yield based on the new payout is 3.1%.

Principal Financial Group, Inc. (PFG) is an investment management company offerring a range of financial products and services, including retirement, asset management and insurance. Recently the company increased its quarterly dividend 2.2% to $0.47 per share. The dividend is payable September 29, 2017 to stockholders of record on September 1, 2017, with an ex-dividend date of August 30, 2017. The yield based on the new payout is 3.0%.

Copa Holdings, S.A. (CPA) is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). Recently the company increased its quarterly dividend 47% to $0.75 per share. The dividend is payable September 15, 2017 to stockholders of record on August 31, 2017, with an ex-dividend date of August 29, 2017. The yield based on the new payout is 2.4%.

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

Related Articles
- 3 Stocks Increasing Dividends Like A Champion
- The Next Great Company
- 5 Stocks With a Sustainable Dividend
- Dividend Investing + Value Investing = Superior Returns
- The Dark Side of Dividends


Tags: BAC, BNS, ANDV, DOV, MXIM, PFG, CPA,

No comments:

Post a Comment

Popular Posts - Last 7 days