Monday, May 21, 2018

7 Stocks Paying More Cash With Increased Dividends

When selecting income investments, the three most important questions to answer are : 1.) Is the investment increasing its dividend each year, 2.) Is the increase likely to continue into the future and 3.) Are you being compensated for the risk you are taking? When you answer yes to all three of the questions, you just might have found an excellent income investment.

Below are several stocks that recently answered yes to the first question by increasing their cash dividends:

Southwest Airlines Co. (LUV) operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. Recently the company increased its quarterly dividend 28% to $0.16 per share. The dividend is payable June 27, 2018 to stockholders of record on June 6, 2018, with an ex-dividend date of June 5, 2018. The yield based on the new payout is 1.2%.

Wynn Resorts, Limited (WYNN) develops, owns, and operates destination casino resorts. Recently the company increased its quarterly dividend 50% to $0.75 per share. The dividend is payable May 29, 2018 to stockholders of record on May 17, 2018, with an ex-dividend date of May 16, 2018. The yield based on the new payout is 1.6%.

Lam Research Corporation (LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. Recently the company increased its quarterly dividend 120% to $1.10 per share. The dividend is payable June 27, 2018 to stockholders of record on June 6, 2018, with an ex-dividend date of June 5, 2018. The yield based on the new payout is 2.2%.

Northrop Grumman Corporation (NOC) operates as a security company for government and commercial customers worldwide. Recently the company increased its quarterly dividend 9.1% to $1.20 per share. The dividend is payable June 20, 2018 to stockholders of record on June 4, 2018, with an ex-dividend date of June 1, 2018. The yield based on the new payout is 1.5%.

Synchrony Financial (SYF) operates as a consumer financial services company in the United States. Recently the company increased its quarterly dividend 40% to $0.21 per share. The dividend is payable commencing with the Q3 dividend. The yield based on the new payout is 2.4%.

Chubb Limited (CB) provides insurance and reinsurance products worldwide. Recently the company increased its quarterly dividend 2.8% to $0.73 per share. The dividend is payable Juy 13, 2018 to stockholders of record on June 22, 2018, with an ex-dividend date of June 21, 2018. The yield based on the new payout is 2.2%.

Leggett & Platt, Incorporated (LEG) designs and produces various engineered components and products worldwide. Recently the company increased its quarterly dividend 5.6% to $0.38 per share. The dividend is payable July 13, 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 3.5%.

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

Related Articles
- My Top 3 Investing Mistakes
- 6 Stocks Currently Trading Below their Fair Value
- The Wit and Wisdom of Warren Buffett
- The Perfect Dividend Stock
- Charlie Munger's 10 Rules for Investment Success

(Photo Credit)


Tags: LUV, WYNN, LRCX, NOC, SYF, CB, LEG,

No comments:

Post a Comment