Monday, October 23, 2017

6 Stocks Not Missing Their Opportunity To Raise Dividends

At some point in the future will we look back at our actions today and refer to them as our greatest missed opportunity? A successful dividend growth strategy takes time. Unfortunately, many income investors don't have the luxury of time on their side and must focus on high-yield investments to meet current expenses. These high-yield investments are often accompanied by high-risk. For those with time, a solid long-term strategy focusing on quality stocks that grow their dividends will treat them well in their retirement years.

Below are several companies that did not miss this opportunity to increase their cash dividends:

Visa Inc. (V) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. Recently the company increased its quarterly dividend 18% to $0.195 per share. The dividend is payable December 5, 2017 to stockholders of record on November 17, 2017, with an ex-dividend date of November 17, 2017. The yield based on the new payout is 0.7%.

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 2.6%.

Accenture plc (ACN) is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. Recently the company increased its quarterly dividend 9.9% to $1.33 per share. The dividend is payable November 15, 2017 to stockholders of record on October 19, 2017, with an ex-dividend date of October 18, 2017. The yield based on the new payout is 1.9%.

Huntington Bancshares Incorporated (HBAN) is a bank holding company. Recently the company increased its quarterly dividend 37% to $0.11 per share. The dividend is payable January 2, 2018 to stockholders of record on December 18, 2017, with an ex-dividend date of December 15, 2017. The yield based on the new payout is 3.2%.

Crown Castle (CCI) provides wireless carriers with the infrastructure they need to keep people connected and businesses running. Recently the company increased its quarterly dividend 10% to $1.05 per share. The dividend is payable December 29, 2017 to stockholders of record on December 15, 2017, with an ex-dividend date of December 14, 2017. The yield based on the new payout is 4.1%.

Fortis Inc. (FTS) is a Canada-based electric and gas utility holding company. Recently the company increased its quarterly dividend 6.3% to $0.425 per share. The dividend is payable December 1, 2017 to stockholders of record on November 20, 2017, with an ex-dividend date of November 17, 2017. The yield based on the new payout is 3.6%.

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: Long TXN in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: V, TXN, ACN, HBAN, CCI, FTS,

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