Monday, November 27, 2017

7 Confident and Secure Companies Boosting Dividends

Are you confident and secure in your investing process? It appears many people are not, including friends, family and acquaintances who jump in and out of the market. I believe that most investors will lose money in the stock market over their lifetime.

It is not that the market is a bad place to invest your money, but left unchecked the psychology of the market will lead you to do just the opposite of what you should to be doing. We must follow a process we are 100% confident in. Doubt is the gateway to destructive behavior. For me, dividend growth investing is what I am confident and secure in.

Below are several companies confident and secure enough in their business to increase their cash dividends:

Nvidia Corporation (NVDA) focuses on personal computer graphics, graphics processing unit and also on artificial intelligence. Recently the company increased its quarterly dividend 7.1% to $0.15 per share. The dividend is payable December 15, 2017 to stockholders of record on November 24, 2017, with an ex-dividend date of November 22, 2017. The yield based on the new payout is 0.3%.

Becton, Dickinson and Company (BDX) is a global medical technology company engaged in the development, manufacture and sale of a range of medical supplies, devices, laboratory equipment and diagnostic products. Recently the company increased its quarterly dividend 2.7% to $0.75 per share. The dividend is payable December 29, 2017 to stockholders of record on December 8, 2017, with an ex-dividend date of December 7, 2017. The yield based on the new payout is 1.4%.

Hormel Foods Corporation (HRL) is engaged in the production of a range of meat and food products. Recently the company increased its quarterly dividend 10% to $0.188 per share. The dividend is payable February 15, 2018 to stockholders of record on January 15, 2018, with an ex-dividend date of January 18, 2018. The yield based on the new payout is 2.2%.

The York Water Company (YORW) is an investor-owned water utility in the United States. Recently the company increased its quarterly dividend 4% to $0.1666 per share. The dividend is payable January 16, 2018 to stockholders of record on December 29, 2017, with an ex-dividend date of December 28, 2017. The yield based on the new payout is 1.8%.

Core-Mark Holding Company, Inc. (CORE) is a wholesale distributor to the convenience retail industry in North America. Recently the company increased its quarterly dividend 11% to $0.10 per share. The dividend is payable December 22, 2017 to stockholders of record on November 28, 2017, with an ex-dividend date of November 27, 2017. The yield based on the new payout is 1.3%.

Tri-Continental Corporation (TY) is a diversified, closed-end management investment company. Recently the company increased its quarterly dividend 18% to $0.3094 per share. The dividend is payable December 29, 2017 to stockholders of record on December 21, 2017, with an ex-dividend date of December 20, 2017. The yield based on the new payout is 4.7%.

Stock Yards Bancorp, Inc. (SYBT) is the holding company for Stock Yards Bank & Trust Company. Recently the company increased its quarterly dividend 5% to $0.21 per share. The dividend is payable December 29, 2017 to stockholders of record on December 11, 2017, with an ex-dividend date of December 8, 2017. The yield based on the new payout is 2.2%.

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 HRL in my High Dividend Growth Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: NVDA, BDX, HRL, YORW, CORE, TY, SYBT,

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