Monday, January 8, 2018

5 Stocks Building A Comfortable Retirement With Higher Dividends

Forget about those 'Make 534% On Every Trade' ads that you see on many financial websites. Real wealth is built with sweat equity and a sound financial plan. A long-term buy-and-hold investing approach focusing on quality dividend growth stocks has provided the means for many investors to enjoy a comfortable retirement. If you start early enough, you will go beyond a comfortable retirement into the realm of building long-term wealth.

Below are several companies that are helping their shareholders build a comfortable retirement with higher dividends:

Cabot Oil & Gas Corporation (COG), an independent oil and gas company, develops, exploits, explores for, produces, and markets natural gas, oil, and natural gas liquids in the United States. Recently the company increased its quarterly dividend 20% to $0.06 per share. The dividend is payable February 7, 2018 to stockholders of record on January 24, 2018, with an ex-dividend date of January 23, 2018. The yield based on the new payout is 0.8%.

Bank of the Ozarks (OZRK) provides various retail and commercial banking products and services. Recently the company increased its quarterly dividend 2.7% to $0.19 per share. The dividend is payable January 26, 2018 to stockholders of record on January 19, 2018, with an ex-dividend date of January 18, 2018. The yield based on the new payout is 1.6%.

Brixmor Property Group Inc. (BRX) owns and operates various grocery-anchored community and neighborhood shopping centers in the United States. Recently the company increased its quarterly dividend 5.8% to $0.275 per share. The dividend is payable January 16, 2018 to stockholders of record on January 4, 2018, with an ex-dividend date of January 3, 2018. The yield based on the new payout is 5.9%.

MSC Industrial Direct Co., Inc. (MSM) distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States, Canada, and the United Kingdom. Recently the company increased its quarterly dividend 21% to $0.58 per share. The dividend is payable January 25, 2018 to stockholders of record on January 18, 2018, with an ex-dividend date of January 17, 2018. The yield based on the new payout is 2.4%.

ABM Industries Incorporated (ABM) provides integrated facility solutions in the United States and internationally. Recently the company increased its quarterly dividend 2.9% to $0.175 per share. The dividend is payable January 31, 2018 to stockholders of record on January 17, 2018, with an ex-dividend date of January 16, 2018. The yield based on the new payout is x%.

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 ABM in my High Dividend Growth Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: COG, OZRK, BRX, MSM, ABM,

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