Monday, June 4, 2018

7 Stocks Taking Their Dividends Up A Notch

Throughout history there have always been great companies that stand head-and-shoulders above their peers and the competition. They are loved by their shareholders, hated by the competition and known by all. Just as all great companies have something in common, great dividend companies also have something in common. All great dividend companies have at least one characteristic in common – they consistently raise their dividends each year.

Below are several companies stepping up with higher cash dividends:

Deere & Company (DE) manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. Recently the company increased its quarterly dividend 15% to $0.69 per share. The dividend is payable August 1, 2018 to stockholders of record on June 29, 2018, with an ex-dividend date of June 28, 2018. The yield based on the new payout is 1.8%.

Bank of Montreal (BMO) provides diversified financial services primarily in North America. Recently the company increased its quarterly dividend 3.2% to C$0.96 per share. The dividend is payable August 28, 2018 to stockholders of record on August 1, 2018, with an ex-dividend date of July 31, 2018. The yield based on the new payout is 3.8%.

Ladder Capital Corp (LADR) operates as a real estate investment trust in the United States. Recently the company increased its quarterly dividend 3.2% to $0.325 per share. The dividend is payable July 2, 2018 to stockholders of record on June 11, 2018, with an ex-dividend date of June 8, 2018. The yield based on the new payout is 8.4%.

Silvercorp Metals Inc. (SVM) engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Recently the company increased its semi-annual dividend 25% to $0.01 per share. The dividend is payable June 29, 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 0.9%.

CVR Energy, Inc. (CVI) engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. Recently the company increased its quarterly dividend 50% to $0.75 per share. The dividend is payable August 13, 2018 to stockholders of record on August 6, 2018, with an ex-dividend date of August 3, 2018. The yield based on the new payout is 6.9%.

Principal Financial Group, Inc. (PFG) provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. Recently the company increased its quarterly dividend 2% to $0.52 per share. The dividend is payable June 29, 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 3.4%.

Universal Insurance Holdings, Inc. (UVE) operates as an integrated insurance holding company in the United States. Recently the company increased its quarterly dividend 14% to $0.16 per share. The dividend is payable July 3, 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 1.8%.

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: No position in the aforementioned securities. See a list of all my Dividend Growth Portfolio holdings here.

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Tags: DE, BMO, LADR, SVM, CVI, PFG, UVE,

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