Monday, March 26, 2018

7 Stocks Building A Higher Yield With Increased Dividends

Every investor wants to earn more. It is how we define "more" and how we go about earning it that determines the type of investor we are. Income investors want more income. Yield is a significant determinate of income. Instead of buying a current high-yield stock, investors in dividend growth stocks prefer to build their own. Granted, the current yield may never be classified as high-yield, but over time the yield-on-cost can reach epic heights.

Below are several companies that chose to build a higher yield for their shareholders with increased cash dividends:

Raytheon Company (RTN) develops integrated products, services, and solutions for defense and other government markets worldwide. Recently the company increased its quarterly dividend 8.8% to $0.8675 per share. The dividend is payable May 10, 2018 to stockholders of record on April 11, 2018, with an ex-dividend date of April 10, 2018. The yield based on the new payout is 1.6%.

Randgold Resources (GOLD) is a gold mining business operating mainly in Mali. Recently the company increased its quarterly dividend 100% to $2.00 per share. The dividend is payable May 18, 2018 to stockholders of record on March 23, 2018, with an ex-dividend date of March 22, 2018. The yield based on the new payout is 2.5%.

The Children's Place, Inc. (PLCE) operates as a children's specialty apparel retailer. Recently the company increased its quarterly dividend 25% to $0.50 per share. The dividend is payable April 27, 2018 to stockholders of record on April 16, 2018, with an ex-dividend date of April 13, 2018. The yield based on the new payout is 1.4%.

Finjan Holdings, Inc. (FNJN) operates as a cybersecurity company, provides intellectual property licensing and enforcement services. Recently the company increased its quarterly dividend 14.3% to $0.08 per share. The dividend is payable April 5, 2018 to stockholders of record on March 22, 2018, with an ex-dividend date of March 21, 2018. The yield based on the new payout is 10.9%.

Cousins Properties Incorporated (CUZ) is a fully integrated, self-administered and self-managed real estate investment trust (REIT). Recently the company increased its quarterly dividend 8.3% to $0.06 per share. The dividend is payable April 13, 2018 to stockholders of record on April 3, 2018, with an ex-dividend date of April 2, 2018. The yield based on the new payout is 3.0%.

Fulton Financial Corporation (FULT) operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. Recently the company increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable April 13, 2018 to stockholders of record on April 2, 2018, with an ex-dividend date of March 29, 2018. The yield based on the new payout is 2.5%.

IBERIABANK (IBKC) that provides commercial and retail banking products and services in the United States. Recently the company increased its quarterly dividend 2.7% to $0.38 per share. The dividend is payable April 27, 2018 to stockholders of record on March 30, 2018, with an ex-dividend date of March 28, 2018. The yield based on the new payout is 1.8%.

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 RTN in my Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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- 6 Companies With The Power of 5/15 Dividend Growth
- Searching the World For The Best Dividend Stocks
- What's Your Retirement Vision?
- The Most Important Financial Statement When Selecting Dividend Growth Stocks
- Stock Dividends - The Gift of Nothing


Tags: RTN, GOLD, PLCE, FNJN, CUZ, FULT, IBKC,

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