Monday, November 13, 2017

7 Stocks Enticing Investors With Higher Dividends

The goals of an income portfolio are much different than those of a capital appreciation portfolio. The good news is an income portfolio consisting of quality dividend growth stocks can not only succeed, but excel during a market downturn. Dividend investors are focused on building a stream of steadily rising income from solid companies. While some panic when their portfolios decline, income investors see a downturn as an incredible buying opportunity as they are look for sustainable growing dividends.

Below are several stocks trying to entice investors with higher cash dividends:

Hewlett Packard Enterprise Company (HPE) is a provider of technology solutions. The Company’s segments include: Enterprise Group, Software, Financial Services and Corporate Investments. Recently the company increased its quarterly dividend 15% to $0.075 per share. The dividend is payable January 3, 2018 to stockholders of record on December 13, 2017, with an ex-dividend date of December 12, 2017. The yield based on the new payout is 2.2%.

Emerson Electric Co. (EMR) is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. Recently the company increased its quarterly dividend 1% to $0.485 per share. The dividend is payable December 11, 2017 to stockholders of record on November 17, 2017, with an ex-dividend date of November 16, 2017. The yield based on the new payout is 3.1%.

Automatic Data Processing, Inc. (ADP) is a provider of human capital management solutions to employers, offering solutions to businesses of various sizes. Recently the company increased its quarterly dividend 10% to $0.57 per share. The dividend is payable January 1, 2018 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 2.3%.

Weyerhaeuser Company (WY) is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. Recently the company increased its quarterly dividend 3.2% to $0.32 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 3.5%.

Southern Copper Corporation (SCCO) is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Recently the company increased its quarterly dividend 79% to $0.25 per share. The dividend is payable November 22, 2017 to stockholders of record on November 8, 2017, with an ex-dividend date of November 7, 2017. The yield based on the new payout is 1.3%.

D.R. Horton, Inc. (DHI) is a homebuilding company that constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. Recently the company increased its quarterly dividend 25% to $0.125 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 1.1%.

The Carlyle Group L.P. (CG) is a diversified multi-product global alternative asset management firm. Recently the partnership increased its quarterly distribution 33% to $0.56 per unit. The distribution is payable November 16, 2017 to unitholders of record on November 10, 2017, with an ex-dividend date of November 9, 2017. The yield based on the new payout is 5.8%.

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

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Tags: HPE, EMR, ADP, WY, SCCO, DHI, CG,

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