Monday, November 20, 2017

7 Stocks Increasing Shareholder Wealth With Higher Dividends

Dividend growth investing is a long-term strategy. A growing dividend is a sign that the company is becoming more valuable. Companies that consistently increase dividends tend to have steadily rising share prices and the best way to benefit from this is to buy and hold the stocks. Diversification and a focus on blue-chip stocks provides insurance for the few companies that don't pan out.

Here are several companies compounding their shareholder's wealth with increased cash dividends:

NIKE, Inc. (NKE) is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. Recently the company increased its quarterly dividend 11% to $0.20 per share. The dividend is payable January 2, 2018 to stockholders of record on December 4, 2017, with an ex-dividend date of December 1, 2017. The yield based on the new payout is 1.4%.

HP Inc. (HPQ) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses, and enterprises. Recently the company increased its quarterly dividend 5% to $0.1393 per share. The dividend is payable January 3, 2017 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 2.6%.

Agilent Technologies, Inc. (A) provides application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. Recently the company increased its quarterly dividend 13% to $0.149 per share. The dividend is payable January 24, 2018 to stockholders of record on January 2, 2018, with an ex-dividend date of December 29, 2017. The yield based on the new payout is 0.9%.

Union Pacific Corporation (UNP) is a railroad operating company in the United States. Recently the company increased its quarterly dividend 9.9% to $0.665 per share. The dividend is payable December 28, 2017 to stockholders of record on November 30, 2017, with an ex-dividend date of November 29, 2017. The yield based on the new payout is 2.3%.

Sysco Corporation (SYY) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. Recently the company increased its quarterly dividend 9.1% to $0.36 per share. The dividend is payable January 26, 2018 to stockholders of record on January 5, 2018, with an ex-dividend date of January 4, 2018. The yield based on the new payout is 2.6%.

Lam Research Corporation (LRCX) is a supplier of wafer fabrication equipment and services to the semiconductor industry. Recently the company increased its quarterly dividend 11% to $0.50 per share. The dividend is payable January 10, 2018 to stockholders of record on December 6, 2017, with an ex-dividend date of December 5, 2017. The yield based on the new payout is 1.0%.

Royal Gold, Inc. (RGLD) is engaged in acquiring and managing precious metal streams, royalties and similar interests. Recently the company increased its quarterly dividend 4.2% to $0.25 per share. The dividend is payable January 19, 2018 to stockholders of record on January 5, 2018, with an ex-dividend date of January 4, 2017. The yield based on the new payout is 1.2%.

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

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Tags: NKE, HPQ, A, UNP, SYY, LRCX, RGLD,

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