Monday, April 16, 2018

7 Stocks Compounding Shareholders' Wealth With Increased Dividends

It is the goal of many people to build enough wealth to put their kids through college, payoff their mortgage, be in a position to help their family and enjoy a financially worry-free retirement. If you don't have a generous relative or wealthy parents, you will need to devise a plan to help you reach your goals. My plan includes great dividend stocks that increase their dividends each year.

Below are several companies compounding their shareholder's wealth with increased cash dividends:

Procter & Gamble Co. (PG) is an American multi-national consumer goods corporation headquartered in downtown Cincinnati, Ohio, founded in 1837. It primarily specializes in a wide range of cleaning agents and personal care and hygienics products. Recently the company increased its quarterly dividend 4.0% to $0.7172 per share. The dividend is payable May 15, 2018 to stockholders of record on April 20, 2018, with an ex-dividend date of April 19, 2018. The yield based on the new payout is 3.7%.

Enterprise Products Partners L.P. (EPD) is an American natural gas and crude oil pipeline company with headquarters in Houston, Texas. Recently the partnership increased its quarterly distribution 0.6% to $0.4275 per unit. The distribution is payable May 8, 2018 to unitholders of record on April 30, 2018, with an ex-dividend date of April 27, 2018. The yield based on the new payout is 6.8%.

Automatic Data Processing, Inc. (ADP) is an American provider of human resources management software and services. Recently the company increased its quarterly dividend 9.5% to $0.69 per share. The dividend is payable July 1, 2018 to stockholders of record on June 8, 2018, with an ex-dividend date of June 7, 2018. The yield based on the new payout is 2.2%.

Bed Bath & Beyond Inc. (BBBY) is an American chain of domestic merchandise retail stores in the United States, Puerto Rico, Canada and Mexico that sells home goods primarily for the bedroom and bathroom, as well as kitchen and dining room. Recently the company increased its quarterly dividend 6.7% to $0.16 per share. The dividend is payable July 17, 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 2.8%.

Tanger Factory Outlet Centers, Inc. (SKT) is a real estate company that owns the chain Tanger Outlets, an outlet mall company headquartered in Greensboro, North Carolina. Recently the company increased its quarterly dividend 2.2% to $0.35 per share. The dividend is payable May 15, 2018 to stockholders of record on April 30, 2018, with an ex-dividend date of April 27, 2018. The yield based on the new payout is 6.1%.

Carnival Corporation (CCL) is a United States-based cruise company and the world's largest travel leisure company, with a combined fleet of over 100 vessels across 10 cruise line brands. Recently the company increased its quarterly dividend 11% to $0.50 per share. The dividend is payable June 15, 2018 to stockholders of record on May 25, 2018, with an ex-dividend date of May 24, 2018. The yield based on the new payout is 3.2%.

Gladstone Investment Corporation (GAIN) is a business development company that pays monthly cash distributions to its stockholders and focuses on investing in buyouts of lower middle market businesses in the United States. Recently the company increased its monthly dividend 3.1% to $0.067 per share. The dividend is payable June 29, 2018 to stockholders of record on June 20, 2018, with an ex-dividend date of June 19, 2018. The yield based on the new payout is 7.8%.

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

Related Articles
- 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
- What's More Powerful Than Compound Interest?

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Tags: PG, EPD, ADP, BBBY, SKT, CCL, GAIN,

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