Monday, February 19, 2018

7 Stocks Providing A Growing Income With Increased Dividends

For most people fortunate enough to be born in the U.S., or any other industrialized country, they have access to the two main ingredients to achieve financial success: 1. Opportunity and 2. Time. There are many valid ways to successfully build long-term wealth. Some involve more risk than others. Being relatively conservative, I have chosen Dividend Growth Stocks as a significant part of my financial plan. Many of today's dividend growth stocks have provided investors financial security for decades.

Below are some companies that understand the importance of growing their cash dividends:

The Coca-Cola Company (KO), a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. Recently the company increased its quarterly dividend 5.4% to $0.37 per share. The dividend is payable April 2, 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 3.5%.

AbbVie Inc. (ABBV) discovers, develops, manufactures, and sells pharmaceutical products worldwide. Recently the company increased its quarterly dividend 35% to $0.96 per share. The dividend is payable May 15, 2018 to stockholders of record on April 13, 2018, with an ex-dividend date of April 12, 2018. The yield based on the new payout is 3.4%.

Allergan plc (AGN), a specialty pharmaceutical company, develops, manufactures, markets, and distributes medical aesthetics, biosimilar, and over-the-counter pharmaceutical products worldwide. Recently the company increased its quarterly dividend 2.9% to $0.72 per share. The dividend is payable March 28, 2018 to stockholders of record on February 28, 2018, with an ex-dividend date of February 27, 2018. The yield based on the new payout is 1.8%.

CSX Corporation (CSX) provides rail-based transportation services in the United States and Canada. Recently the company increased its quarterly dividend 10% to $0.22 per share. The dividend is payable March 15, 2018 to stockholders of record on March 1, 2018, with an ex-dividend date of February 28, 2018. The yield based on the new payout is 1.7%.

Prudential Financial, Inc. (PRU) provides insurance, investment management, and other financial products and services in the United States and internationally. Recently the company increased its quarterly dividend 20% to $0.90 per share. The dividend is payable March 15, 2018 to stockholders of record on February 21, 2018, with an ex-dividend date of February 20, 2018. The yield based on the new payout is 3.4%.

NextEra Energy, Inc. (NEE) generates, transmits, and distributes electric power to retail and wholesale customers in North America. Recently the company increased its quarterly dividend 13% to $1.11 per share. The dividend is payable March 15, 2018 to stockholders of record on February 27, 2018, with an ex-dividend date of February 26, 2018. The yield based on the new payout is 2.9%.

The Wendy's Company (WEN) operates as a quick-service restaurant company worldwide. Recently the company increased its quarterly dividend 21% to $0.085 per share. The dividend is payable March 15, 2018 to stockholders of record on March 1, 2018, with an ex-dividend date of February 28, 2018. The yield based on the new payout is 2.2%.

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 KO, ABBV in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: KO, ABBV, AGN, CSX, PRU, NEE, WEN,

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