Monday, May 7, 2018

7 Stocks Providing Positive Feedback With Increased Dividends

It seems that ever so many years the market turns down and someone declares the death of buy-and-hold. Some even go as far to say that Warren Buffett has lost his touch. With time on their side, the buy-and-hold investors and Mr. Buffett always seem to make a spectacular rebound. As long-term dividend investors our focus should be on acquiring fundamentally sound dividend growth stocks at a reasonable valuation and maintaining our asset allocation.

This week several companies provided their shareholders positive feedback with increased cash dividends:

Apple Inc. (AAPL) designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. Recently the company increased its quarterly dividend 16% to $0.73 per share. The dividend is payable May 17, 2018 to stockholders of record on May 14, 2018, with an ex-dividend date of May 11, 2018. The yield based on the new payout is 1.7%.

PepsiCo, Inc. (PEP) operates as a food and beverage company worldwide. Recently the company increased its quarterly dividend 15% to $0.9275 per share. The dividend is payable June 29, 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 3.7%.

Marriott International, Inc. (MAR) operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. Recently the company increased its quarterly dividend 24% to $0.41 per share. The dividend is payable June 29, 2018 to stockholders of record on May 18, 2018, with an ex-dividend date of May 17, 2018. The yield based on the new payout is 1.2%.

UBS Group AG (UBS) provides financial advice and solutions worldwide. Recently the company increased its quarterly dividend 8.3% to $0.65 per share. The dividend is payable May 9, 2018 to stockholders of record on May 8, 2018, with an ex-dividend date of May 7, 2018. The yield based on the new payout is 4.1%.

Barnes Group Inc. (B) operates as an industrial and aerospace manufacturer, and service provider in the United States and internationally. Recently the company increased its quarterly dividend 14% to $0.16 per share. The dividend is payable June 8, 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 1.2%.

Pembina Pipeline Corporation (PBA) provides transportation and midstream services for the energy industry in North America. Recently the company increased its quarterly dividend 5.6% to C$0.19 per share. The dividend is payable June 15, 2018 to stockholders of record on May 25, 2018, with an ex-dividend date of May 14, 2018. The yield based on the new payout is 5.6%.

Versum Materials, Inc. (VSM) develops, manufactures, transports, and handles specialty materials for the semiconductor and display industries in the United States, Taiwan, South Korea, China, Europe, and rest of Asia. Recently the company increased its quarterly dividend 20% to $0.06 per share. The dividend is payable May 29, 2018 to stockholders of record on May 15, 2018, with an ex-dividend date of May 14, 2018. The yield based on the new payout is 0.7%.

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 AAPL and PEP in various Dividend Growth Stock Portfolios. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: AAPL, PEP, MAR, UBS, B, PBA, VSM,

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