Monday, December 4, 2017

7 Stocks Giving Their Shareholders A Raise With Higher Dividends

Dividend stocks are sometimes referred to as defensive stocks since many investors flee to them in an economic downturn. Their dividends, if sustainable, provide a minimum level of positive return. This cushions the downward pressure from the market. Better yet, great dividend companies not only sustain their dividends in a downturn - they actually raise them.

Below are several stocks displaying confidence in the future by increasing their cash dividends:

The Walt Disney Company (DIS) operates as an entertainment company worldwide. Recently the company increased its semi-annual dividend 7.7% to $0.84 per share. The dividend is payable January 11, 2018 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 1.6%.

Merck & Co., Inc. (MRK) provides healthcare solutions worldwide. Recently the company increased its quarterly dividend 2.1% to $0.48 per share. The dividend is payable January 8, 2018 to stockholders of record on December 15, 2017, with an ex-dividend date of December 14, 2017. The yield based on the new payout is 3.5%.

Enbridge Inc. (ENB) engages in energy transportation activities in the United States and Canada. Recently the company increased its quarterly dividend 10% to C$0.671 per share. The dividend is payable March 1, 2018 to stockholders of record on February 15, 2018, with an ex-dividend date of February 14, 2018. The yield based on the new payout is 5.9%.

Nucor Corporation (NUE) manufactures and sells steel and steel products in the United States and internationally. Recently the company increased its quarterly dividend 0.7% to $0.38 per share. The dividend is payable February 9, 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 2.6%.

McCormick & Company, Incorporated (MKC) manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. Recently the company increased its quarterly dividend 11% to $0.52 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 2.1%.

The Hartford Financial Services Group, Inc. (HIG) provides insurance and financial services to individual and business customers in the United States. Recently the company increased its quarterly dividend 8.7% to $0.25 per share. The dividend is payable February 1, 2018 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 1.7%.

Cedar Fair, L.P. (FUN) owns and operates amusement and water parks, and hotels in the United States and Canada. Recently the company increased its quarterly dividend 4.1% to $0.89 per share. The dividend is payable December 15, 2017 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 5.3%.

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: No position in the aforementioned securities. See a list of all my Dividend Growth Portfolio holdings here.

Related Articles
- Dividend Stocks vs. Dividend ETFs
- Managing Risk With Dividend Stocks
- If Only I Had Known About These Dividend Stocks...
- The Secret Ingredient of Dividend Growth Stocks
- Dividend Growth Stocks With A Defined-Benefit Pension


Tags: DIS, MRK, ENB, NUE, MKC, HIG, FUN,

No comments:

Post a Comment

Popular Posts - Last 7 days