Monday, October 16, 2017

7 Dividend Stocks Raising Their Dividends And Yields


In a down-market when many people are rushing to buy gold, I take comfort that I already have mine. No, not that kind, but something much better! A growing stream of dividend income from solid companies. While everyone else is panicked about their portfolio’s decline, I see a downturn as an incredible buying opportunity. Lower prices, rising yields and growing dividends, its hard to beat that combination.

Below are several select companies that recently announced dividend increases:

Enterprise Products Partners L.P. (EPD) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. Recently the partnership increased its quarterly distribution 0.6% to $0.4225 per unit. The distribution is payable November 7, 2017 to unitholders of record on October 31, 2017, with an ex-dividend date of October 30, 2017. The yield based on the new payout is 6.3%.

Omega Healthcare Investors, Inc. (OHI) is a self-administered real estate investment trust (REIT). The Company maintains a portfolio of long-term healthcare facilities and mortgages on healthcare facilities located in the United States and the United Kingdom. Recently the company increased its quarterly dividend 1.6% to $0.64 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 8.3%.

Dominion Energy, Inc. (D), formerly Dominion Resources, Inc., is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and regulated natural gas transmission and distribution infrastructure. Recently the company increased its quarterly dividend 2% to $0.77 per share. The dividend is payable December 20, 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 3.9%.

International Paper Company (IP) is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. Recently the company increased its quarterly dividend 2.7% to $0.475 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 3.3%.

The Goodyear Tire & Rubber Company (GT) is a manufacturer of tires. Recently the company increased its quarterly dividend 40% to $0.14 per share. The dividend is payable December 1, 2017 to stockholders of record on November 1, 2017, with an ex-dividend date of October 31, 2017. The yield based on the new payout is 1.7%.

Gladstone Investment Corporation (GAIN) is an externally managed, closed-end, non-diversified management investment company. Recently the company increased its monthly dividend 1.6% to $0.065 per share. The dividend is payable October 31, 2017 to stockholders of record on October 20, 2017, with an ex-dividend date of October 19, 2017. The yield based on the new payout is 8.1%.

Omnicom Group Inc. (OMC) provides advertising, marketing and corporate communications services. Recently the company increased its quarterly dividend 9.1% to $0.60 per share. The yield based on the new payout is 3.2%.

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 OHI in my High-Yield Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

Related Articles
- 9 Dividend Stocks Beating The 4% Rule
- You Can't Spend Earnings
- Why Dividends Matter
- Hey, You Invest Like a Girl!
- Are Storm Clouds Gathering For These 4 High-Yielding Securities?

(Photo Credit)


Tags: EPD, OHI, D, IP, GT, GAIN, OMC,

1 comment:

  1. I used to hold GAIN and got scared. Looks like they are still increasing their dividend. Maybe I should have held...thanks for the update.
    DFG

    ReplyDelete

Popular Posts - Last 7 days