Monday, February 26, 2018

7 Dividend Stocks Heating Up Their Yields

When it comes to selecting dividend growth stocks, one of the most important items to look for is consistency in raising dividends. Sure it is easy to increase dividends when the economy is booming and business is good, but to be consistent a company has to persevere and continue to increase dividends during the tough times.

Below are several companies that have recently increased their cash dividends to shareholders:

Walmart Inc. (WMT) operates retail stores in various formats worldwide. Recently the company increased its quarterly dividend 2% to $0.52 per share. The dividend is payable April 2, 2018 to stockholders of record on March 9, 2018, with an ex-dividend date of March 8, 2018. The yield based on the new payout is 2.0%.

The Home Depot, Inc. (HD) operates as a home improvement retailer. Recently the company increased its quarterly dividend 16% to $1.03 per share. The dividend is payable March 22, 2018 to stockholders of record on March 8, 2018, with an ex-dividend date of March 7, 2018. The yield based on the new payout is 2.2%.

GlaxoSmithKline plc (GSK) engages in the creation, discovery, development, manufacture, and marketing of vaccines, over-the-counter medicines, and health-related consumer products worldwide. Recently the company increased its quarterly dividend 21% to $0.23 per share. The dividend is payable April 12, 2018 to stockholders of record on February 23, 2018, with an ex-dividend date of February 22, 2018. The yield based on the new payout is 7.0%.

Newmont Mining Corporation (NEM) operates in the mining industry. Recently the company increased its quarterly dividend 87% to $0.14 per share. The dividend is payable March 22, 2018 to stockholders of record on March 8, 2018, with an ex-dividend date of March 7, 2018. The yield based on the new payout is 1.4%.

Waste Management, Inc. (WM) provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. Recently the company increased its quarterly dividend x% to $0.xx per share. The dividend is payable April/March/February x, 2018 to stockholders of record on April/March/February x, 2018, with an ex-dividend date of April/March/February x, 2018. The yield based on the new payout is x%.

The Williams Companies, Inc. (WMB) operates as an energy infrastructure company primarily in the United States. Recently the company increased its quarterly dividend 13% to $0.34 per share. The dividend is payable March 26, 2018 to stockholders of record on March 9, 2018, with an ex-dividend date of March 8, 2018. The yield based on the new payout is 4.8%.

Universal Display Corporation (OLED) engages in the research, development, and commercialization of organic light emitting diode technologies and materials for use in flat panel displays and solid-state lighting applications. Recently the company increased its quarterly dividend 100% to $0.06 per share. The dividend is payable March 30, 2018 to stockholders of record on March 15, 2018, with an ex-dividend date of March 14, 2018. The yield based on the new payout is 0.2%.

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: Long WMT in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: WMT, HD, GSK, NEM, WM, WMB, OLED,

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