Monday, December 11, 2017

7 Stocks Taking The Next Step With Higher Cash Dividends

Are you looking for companies that can sustain and grow their dividend? In making that determination, a company’s Statement of Earnings is one of the last places you should look. Cash is king for the dividend growth investor and the Statement of Cash Flows is where astute investors begin when they want to understand the viability of a company. To succeed as a dividend investor, you must find companies that can sustain and grow dividends by focusing on their ability to generate cash. You can fake earnings, but you can’t fake cash.

Below are several stocks using real cash to raise their dividends:

Bristol-Myers Squibb Company (BMY) discovers, develops, licenses, manufactures, markets, and distributes biopharmaceutical products worldwide. Recently the company increased its quarterly dividend 2.6% to $0.40 per share. The dividend is payable February 1, 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%.

Mastercard Incorporated (MA), a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. Recently the company increased its quarterly dividend 14% to $0.25 per share. The dividend is payable February 9, 2018 to stockholders of record on January 9, 2018, with an ex-dividend date of January 8, 2018. The yield based on the new payout is 0.7%.

Broadcom Limited (AVGO) designs, develops, and supplies a range of semiconductor devices worldwide. Recently the company increased its quarterly dividend 72% to $1.75 per share. The dividend is payable December 29, 2017 to stockholders of record on December 19, 2017, with an ex-dividend date of  December 18, 2017. The yield based on the new payout is 2.7%.

Johnson Controls International plc (JCI) operates as a diversified technology and multi industrial company worldwide. Recently the company increased its quarterly dividend 4% to $0.26 per share. The dividend is payable January 12, 2018 to stockholders of record on December 18, 2017, with an ex-dividend date of December 15, 2017. The yield based on the new payout is 2.8%.

Bank of Montreal (BMO) provides diversified financial services primarily in North America. Recently the company increased its quarterly dividend 3.3% to C$0.93 per share. The dividend is payable February 27, 2018 to stockholders of record on February 1, 2018, with an ex-dividend date of January 31, 2018. The yield based on the new payout is 3.8%.

W. P. Carey Inc. (WPC) is an independent equity real estate investment trust that provides long-term sale-leaseback and build-to-suit financing for companies. Recently the company increased its quarterly dividend 0.5% to $1.01 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 5.8%.

WEC Energy Group, Inc. (WEC) generates and distributes electric energy. Recently the company increased its quarterly dividend 6.25% to $0.5525 per share. The directors expect to declare the new dividend at their regularly scheduled meeting in January. 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: No position in the aforementioned securities. See a list of all my Dividend Growth Portfolio holdings here.

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- Buy And Hold Is Not Buy And Forget
- 7 Stocks With A Vision Of Higher Dividends
- 6 Higher-Yielding Consumer Stocks With A History of Rising Dividends
- Are Defense Stocks Good Defensive Stocks?
- 10 Stocks That Have Paid Uninterrupted Dividends Since 1895


Tags: BMY, MA, AVGO, JCI, BMO, WPC, WEC,

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