Tuesday, January 2, 2018

6 Stocks Raising The Bar With Higher Dividends

Have you ever noticed those that most vehemently attack a buy-and-hold strategy really don’t understand how the strategy works? They confuse a buy-and-hold strategy with day-trading with a longer duration. A true implementation of buy-and-hold includes a focus on blue-chip stocks with a sustainable advantage, along with a reasonable asset allocation framework. One sign of a blue-chip stock is a long string of dividend increases.

Below are several companies that have recently raised the bar by increasing their cash dividends:

American Tower Corporation (AMT) is a real estate investment trust that engages in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries. Recently the company increased its quarterly dividend 6.1% to $0.70 per share. The dividend is payable January 16, 2018 to stockholders of record on December 28, 2017, with an ex-dividend date of December 27, 2018. The yield based on the new payout is 2.0%.

Stryker Corporation (SYK) operates as a medical technology company. Recently the company increased its quarterly dividend 11% to $0.47 per share. The dividend is payable January 31, 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 1.2%.

Kimco Realty Corporation (KIM) is an independent real estate investment trust that primarily engaged in acquisitions, development, and management of neighborhood and community shopping centers. Recently the company increased its quarterly dividend 3.7% to $0.28 per share. The dividend is payable January 16, 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 6.0%.

Raymond James Financial, Inc. (RJF), a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. Recently the company increased its quarterly dividend 14% to $0.25 per share. The dividend is payable January 17, 2018 to stockholders of record on January 3, 2018, with an ex-dividend date of January 2, 2018. The yield based on the new payout is 1.1%.

Kennedy-Wilson Holdings, Inc. (KW) operates as a real estate investment company. Recently the company increased its quarterly dividend 12% to $0.19 per share. The dividend is payable January 4, 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 4.4%.

Primoris Services Corporation (PRIM), a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services in the United States and internationally. Recently the company increased its quarterly dividend 9.1% to $0.06 per share. The dividend is payable January 15, 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 0.9%.

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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- Rising Dividends = Rising Returns
- High-Yield, High-Return Investments To Increase Income While Waiting On Dividend Growth


Tags: AMT, SYK, KIM, RJF, KW, PRIM,

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