Monday, April 23, 2018

7 Stocks Sending A Strong Message With Higher Dividends

One of the many reasons I like dividend growth stocks is because they provide continuous feedback. As time passes, dividend investors see their income grow steadily. You don’t have to wait five to ten years to determine if the strategy is working.

Each dividend and dividend increase provides reassurance that the strategy is working. When companies like 3M Company (MMM), Emerson Electric (EMR) and Dover Corp. (DOV) put together a string of consecutive dividend increases in excess of 50 years, they are sending a strong message to their shareholders.

Below are a few companies with not quite the legacy of those above, but nevertheless are providing positive feedback to their investors by with higher cash dividends:

QUALCOMM Incorporated (QCOM) designs, develops, manufactures, and markets digital communication products worldwide. Recently the company increased its quarterly dividend 6.7% to $0.80 per share. The dividend is payable June 28, 2018 to stockholders of record on May 31, 2018, with an ex-dividend date of May 17, 2018. The yield based on the new payout is 1.2%.

The Goldman Sachs Group, Inc. (GS) operates as an investment banking, securities, and investment management company worldwide. Recently the company increased its quarterly dividend 6.7% to $0.80 per share. The dividend is payable June 28, 2018 to stockholders of record on May 31, 2018, with an ex-dividend date of May 30, 2018. The yield based on the new payout is 1.2%.

BP Midstream Partners LP (BPMP) owns, acquires, operates, and develops pipelines and other midstream assets. Recently the partnership increased its quarterly distribution 49% to $0.2675 per unit. The distribution is payable May 5, 2018 to unitholders of record on May 1, 2018, with an ex-dividend date of April 30, 2018. The yield based on the new payout is 5.9%.

Kinder Morgan, Inc. (KMI) operates as an energy infrastructure company in North America. Recently the company increased its quarterly dividend 60% to $0.20 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 5.0%.

The Southern Company (SO) engages in the generation, transmission, and distribution of electricity. Recently the company increased its quarterly dividend 3.4% to $0.60 per share. The dividend is payable June 6, 2018 to stockholders of record on May 21, 2018, with an ex-dividend date of May 18, 2018. The yield based on the new payout is 5.2%.

Unilever PLC (UL) operates in the fast-moving consumer goods industry worldwide. Recently the company increased its quarterly dividend 7.6% to $0.4789 per share. The dividend is payable June 6, 2018 to stockholders of record on May 4, 2018, with an ex-dividend date of May 3, 2018. The yield based on the new payout is 3.4%.

ONEOK, Inc. (OKE), through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States. Recently the company increased its quarterly dividend 3.2% to $0.795 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 5.3%.

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 QCOM and SO in various Dividend Growth Stocks Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: QCOM, GS, BPMP, KMI, SO, UL, OKE,

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