Monday, September 25, 2017

7 Stocks With A Vision Of Higher Dividends

Some traditionalist would say your home is your greatest wealth building asset. I would argue it is not. Others would say your income is your greatest wealth building asset. Thought there is a lot of truth to the statement, it is still not your greatest wealth building asset. So, what is your greatest wealth building asset? Everyone is born with it. Few realize its importance until they lose most of it. The asset is so priceless it can’t be bought. Your most valuable wealth building asset is time.

With time, you can wait for blue-chip stocks to build a high yield-on-cost by growing their dividends. Below are several companies building shareholder wealth by increasing their cash dividends:

Microsoft Corporation (MSFT) is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. Recently the company increased its quarterly dividend 7.6% to $0.42 per share. The dividend is payable December 14, 2017 to stockholders of record on November 16, 2017, with an ex-dividend date of November 15, 2017. The yield based on the new payout is 2.2%.

JPMorgan Chase & Co. (JPM) is engaged in investment banking, financial services. Recently the company increased its quarterly dividend 12% to $0.56 per share. The dividend is payable October 31, 2017 to stockholders of record on October 6, 2017, with an ex-dividend date of October 5, 2017. The yield based on the new payout is 2.4%.

McDonald's Corporation (MCD) operates and franchises McDonald's restaurants that serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. Recently the company increased its quarterly dividend 7.4% to $1.01 per share. The dividend is payable December 15, 2017 to stockholders of record on December 1, 2017, with an ex-dividend date of November 30, 2017. The yield based on the new payout is 2.5%.

Texas Instruments Incorporated (TXN) designs, makes and sells semiconductors to electronics designers and manufacturers across the world. Recently the company increased its quarterly dividend 24% to $0.62 per share. The dividend is payable November 13, 2017 to stockholders of record on October 31, 2017, with an ex-dividend date of October 30, 2017. The yield based on the new payout is 2.9%.

U.S. Bancorp (USB) is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. Recently the company increased its quarterly dividend 7.1% to $0.30 per share. The dividend is payable October 16, 2017 to stockholders of record on September 29, 2017, with an ex-dividend date of September 28, 2017. The yield based on the new payout is 2.3%.

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 $1.005 per share. The dividend is payable October 16, 2017 to stockholders of record on October 2, 2017, with an ex-dividend date of September 29, 2017. The yield based on the new payout is 5.8%.

Fifth Third Bancorp (FITB) conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States. Recently the company increased its quarterly dividend 14% to $0.16 per share. The dividend is payable October 16, 2017 to stockholders of record on September 29, 2017, with an ex-dividend date of September 28, 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: Long MSFT, MCD, TXN in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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- Rising Dividends = Rising Returns


Tags: MSFT, JPM, MCD, TXN, USB, WPC, FITB,

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