Monday, January 22, 2018

7 Stocks Sending More Cash To Shareholders With Increased Dividends

If your goal is to accumulate wealth for a comfortable retirement, then there is no risk-free path. Throughout time every angle has been tried and failed. What appears to be a safe investment in a federally insured CD or money market, may not even be covering inflation. Growth stocks don't always grow. The astute conservative investor turns to solid dividend paying stocks with a track record of growing their dividends each year.

Below are several companies that have recently elected to send more cash to their shareholders in the form of increased dividends:

Realty Income (O), The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. Recently the company increased its quarterly dividend 3.1% to $0.219 per share. The dividend is payable February 15, 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 5.0%.

Consolidated Edison, Inc. (ED) engages in regulated electric, gas, and steam delivery businesses in the United States. Recently the company increased its quarterly dividend 3.6% to $0.715 per share. The dividend is payable March 15, 2018 to stockholders of record on February 14, 2018, with an ex-dividend date of February 13, 2018. The yield based on the new payout is 3.6%.

ONEOK, Inc. (OKE), through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. Recently the company increased its quarterly dividend 3.4% to $0.77 per share. The dividend is payable February 14, 2018 to stockholders of record on January 29, 2018, with an ex-dividend date of January 26, 2018. The yield based on the new payout is 5.2%.

Hi-Crush Partners LP (HCLP) produces, transports, markets, and distributes monocrystalline sand in the United States. Recently the partnership increased its quarterly distribution 33% to $0.20 per unit. The distribution is payable February 13, 2018 to unitholders of record on February 1, 2018, with an ex-dividend date of January 31, 2018. The yield based on the new payout is 6.7%.

WEC Energy Group, Inc. (WEC) generates and distributes electric energy. Recently the company increased its quarterly dividend 6.3% to $0.52 per share. The dividend is payable March 1, 2018 to stockholders of record on February 14, 2018, with an ex-dividend date of February 13, 2018. The yield based on the new payout is 3.5%.

EPR Properties (EPR) is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Recently the company increased its quarterly dividend 5.9% to $0.36 per share. The dividend is payable February 15, 2018 to stockholders of record on January 31, 2018, with an ex-dividend date of January 30, 2018. The yield based on the new payout is 7.3%.

LSC Communications, Inc. (LKSD) provides various traditional and digital print services, print-related services, and office products. Recently the company increased its quarterly dividend 4% to $0.25 per share. The dividend is payable March 2, 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 7.5%.

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 O, ED in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: O, ED, OKE, HCLP, WEC, EPR, LKSD,

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