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