Monday, October 9, 2017

7 Companies Showing Confidence With Increased Dividends

It is very easy for a CEO to get on a conference call and talk about confidence in the future while communicating glowing projections, but do they really believe what they are saying? Are there any actions that would make you believe what they are saying? Senior management purchasing company stock is a strong indicator of confidence in the future. Another indicator is sticking with a dividend plan, including regular increases.

Below are several select companies with management and board confident enough to increase their cash dividends:

Sirius XM Holdings Inc. (SIRI) provides satellite radio services in the United States. Recently the company increased its quarterly dividend 10% to $0.011 per share. The dividend is payable November 30, 2017 to stockholders of record on November 9, 2017, with an ex-dividend date of November 8, 2017. The yield based on the new payout is 0.8%.

American Express Company (AXP) is a global services company. The Company's principal products and services are charge and credit card products, and travel-related services, which are offered to consumers and businesses around the world. Recently the company increased its quarterly dividend 9.4% to $0.35 per share. The dividend is payable November 10, 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 1.5%.

Intuit Inc. (INTU) is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. Recently the company increased its quarterly dividend 14.7% to $0.39 per share. The dividend is payable October 18, 2017 to stockholders of record on October 10, 2017, with an ex-dividend date of October 6, 2017. The yield based on the new payout is 1.1%.

RPM International Inc. (RPM) manufactures, markets and sells various specialty chemical product lines, including specialty paints, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance of industrial, specialty and consumer markets. Recently the company increased its quarterly dividend 6.7% to $0.32 per share. The dividend is payable October 31, 2017 to stockholders of record on October 16, 2017, with an ex-dividend date of October 13, 2017. The yield based on the new payout is 2.4%.

Bank of the Ozarks, Inc. (OZRK) is a state chartered bank that provides retail and commercial banking services. Recently the company increased its quarterly dividend 2.8% to $0.185 per share. The dividend is payable October 20, 2017 to stockholders of record on October 13, 2017, with an ex-dividend date of October 12, 2017. The yield based on the new payout is 1.5%.

Monmouth Real Estate Investment Corporation (MNR) is a real estate investment trust focused on single tenant, industrial buildings and leased to investment-grade tenants. Recently the company increased its quarterly dividend 6.3% to $0.17 per share. The dividend is payable December 15, 2017 to stockholders of record on November 15, 2017, with an ex-dividend date of November 14, 2017. The yield based on the new payout is 4.2%.

Northwest Natural Gas Company (NWN) is engaged in the distribution of natural gas. Recently the company increased its quarterly dividend 0.5% to $0.4725 per share. The dividend is payable November 15, 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%.

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 NWN in my Dividend Grow Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: SIRI, AXP, INTU, RPM, OZRK, MNR, NWN,

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