Monday, April 2, 2018

7 Companies Willing and Capable To Raise Dividends

The main focus of investing in dividend growth stocks is finding and buying stocks that will continue to raise their dividends in the future. In making this determination there are many factors to consider such as dividend payout ratio, debt levels, the company’s dividend policy and track record.

This week several companies have elected to send higher cash dividends to their shareholders:



Nokia Corporation (NOK) provides network infrastructure and related services worldwide. Recently the company increased its quarterly dividend 12% to e0.19 per share. The dividend is payable June 13, 2018 to stockholders of record on June 1, 2018, with an ex-dividend date of May 31, 2018. The yield based on the new payout is 4.4%.

McCormick & Company, Incorporated (MKC) manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. Recently the company increased its quarterly dividend 11% to $0.52 per share. The dividend is payable April 23, 2018 to stockholders of record on April 9, 2018, with an ex-dividend date of April 6, 2018. The yield based on the new payout is 2.0%.

Humana Inc. (HUM) operates as a health and well-being company in the United States. 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 March 30, 2018, with an ex-dividend date of March 28, 2018. The yield based on the new payout is 0.7%.

Nasdaq, Inc. (NDAQ) provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. Recently the company increased its quarterly dividend 16% to $0.44 per share. The dividend is payable June 29, 2018 to stockholders of record on June 15, 2018, with an ex-dividend date of June 14, 2018. The yield based on the new payout is 2.2%.

Sun Communities, Inc. (SUI) is a REIT that, as of December 31, 2017, owned, operated, or had an interest in a portfolio of 350 communities comprising approximately 122,000 developed sites in 29 states and Ontario, Canada. Recently the company increased its quarterly dividend 6% to $0.71 per share. The dividend is payable April 16, 2018 to stockholders of record on March 29, 2018, with an ex-dividend date of March 28, 2018. The yield based on the new payout is 3.2%.

Amdocs Limited (DOX) provides software and services solutions to the communications, entertainment, pay TV, and media industry service providers worldwide. Recently the company increased its quarterly dividend 14% to $0.25 per share. The dividend is payable April 20, 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 1.5%.

Steelcase Inc. (SCS) manufactures and sells integrated portfolio of furniture settings, user-centered technologies, and interior architectural products. Recently the company increased its quarterly dividend 6.3% to $0.135 per share. The dividend is payable April 13, 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 3.9%.

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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- 6 Companies With The Power of 5/15 Dividend Growth


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Tags: NOK, MKC, HUM, NDAQ, SUI, DOX, SCS,

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