Monday, March 5, 2018

7 Stocks Raising Dividends and Expectations

Have you ever pondered the concept of forever or infinity? It is truly mind boggling! What is even more astonishing is that when I buy a stock, my target holding period is forever. For most people, myself included, that is hard to grasp and to carry out. When things start going bad, our primal instinct of flight kicks in and we want to sell. In many cases, that is the time we should be buying. Holding a stock through an economic downturn is much easier when it pays a rising dividend.

Below are several companies giving their shareholders a reason not to sell by increasing their cash dividends:

Best Buy Co., Inc. (BBY) operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. Recently the company increased its quarterly dividend 32% to $0.45 per share. The dividend is payable April 12, 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 2.4%.

The Toronto-Dominion Bank (TD) provides various personal and commercial banking products and services in Canada and the United States. Recently the company increased its quarterly dividend 11.7% to C$0.67 per share. The dividend is payable April 30, 2018 to stockholders of record on April 10, 2018, with an ex-dividend date of April 9, 2018. The yield based on the new payout is 3.6%.

Rio Tinto plc (RIO), a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. Recently the company increased its quarterly dividend 62% to $1.7955 per share. The dividend is payable April 12, 2018 to stockholders of record on March 2, 2018, with an ex-dividend date of March 1, 2018. The yield based on the new payout is 4.0%.

The Bank of Nova Scotia (BNS) provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. Recently the company increased its quarterly dividend 3.8% to C$0.82 per share. The dividend is payable April 26, 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 4.1%.

Eaton Corporation (ETN) plc operates as a power management company worldwide. Recently the company increased its quarterly dividend 10% to $0.66 per share. The dividend is payable March 23, 2018 to stockholders of record on March 12, 2018, with an ex-dividend date of March 9, 2018. The yield based on the new payout is 3.2%.

Kohl's Corporation (KSS) operates department stores in the United States. Recently the company increased its quarterly dividend 11% to $0.61 per share. The dividend is payable March 28, 2018 to stockholders of record on March 14, 2018, with an ex-dividend date of March 13, 2018. The yield based on the new payout is 3.7%.

Digital Realty (DLR) supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers. Recently the company increased its quarterly dividend 8.6% to $1.01 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 4.1%.

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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Tags: BBY, TD, RIO, BNS, ETN, KSS, DLR,

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