Working to increase their shareholders yield-on-cost, these companies recently announced higher cash dividend payments:
Ford Motor Company (F) engages in the development, manufacture, distribution, and service of vehicles, parts, and accessories worldwide. January 9th the company increased its quarterly dividend 25% to $0.125 per share. the dividend is payable March 3, 2014, to stockholders of record on January 31, 2014. The yield based on the new payout is 3.2%.
FLY Leasing Limited (FLY) leases commercial jet aircraft worldwide. January 9th the company increased its quarterly dividend 13.6% to $0.25 per share. The dividend is payable February 20, 2014, to stockholders of record on January 31, 2014. The yield based on the new payout is 6.2%.
Sovran Self Storage, Inc. (SSS) operates as a real estate investment trust (REIT). January 6th the company increased its dividend 28.3% to $0.68 per share. The dividend is payable January 27, 2014, to stockholders of record on January 16, 2014. The yield based on the new payout is 4.2%.
Spectra Energy Corp (SE) owns and operates a portfolio of natural gas-related energy assets in North America. January 6th the company increased its quarterly dividend 9.8% to $0.335 per share. The dividend is payable March 10, 2014, to stockholders of record on February 14, 2014. The yield based on the new payout is 3.8%.
DDR Corp. (DDR) operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, developing, redeveloping, owning, leasing, and managing shopping centers, mini-malls, and lifestyle centers. January 6th the company increased its quarterly dividend 15% to $0.155 per share. The dividend is payable April 8, 2014, to stockholders of record on March 13, 2014. The yield based on the new payout is 4.0%.
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 holdings here.
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