Monday, July 2, 2018

7 Stocks Raising Dividends and Expectations

Gregg S. Fisher noted in a 2009 Forbes article that the assumption that investors are rational agents is bunk. He went on to say "We are not rational. We’re human. Even the most brilliant investor can be swayed by emotions into making irrational decisions that result in financial loss." Logic has very little to do with short-term movements in stock prices. Knowing this, there are some things that long-term buy-and-hold investors can do to profit from these irrational moves in the market, such as following a disciplined approach of acquiring stocks that routinely increase their dividends.

Below are several companies that are helping build shareholder wealth through higher their cash dividends:

Walgreens Boots Alliance, Inc. (WBA) operates as a pharmacy-led health and wellbeing company. Recently the company increased its quarterly dividend 10% to $0.44 per share. The dividend is payable September 12, 2018 to stockholders of record on August 20, 2018, with an ex-dividend date of August 17, 2018. The yield based on the new payout is 2.7%.

The Kroger Co. (KR) operates as a retailer in the United States. Recently the company increased its quarterly dividend 12% to $0.14 per share. The dividend is payable September 1, 2018 to stockholders of record on August 15, 2018, with an ex-dividend date of August 14, 2018. The yield based on the new payout is 2.0%.

Ralph Lauren Corporation (RL) designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. Recently the company increased its quarterly dividend 25% to $0.625 per share. The dividend is payable July 13, 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 2.0%.

Raymond James Financial, Inc. (RJF), a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. Recently the company increased its quarterly dividend 20% to $0.30 per share. The dividend is payable July 16, 2018 to stockholders of record on July 2, 2018, with an ex-dividend date of June 29, 2018. The yield based on the new payout is 1.3%.

Lindsay Corporation (LNN) provides water management and road infrastructure products and services in the United States and internationally. Recently the company increased its quarterly dividend x% to $0.xx per share. The dividend is payable August 31, 2018 to stockholders of record on August 17, 2018, with an ex-dividend date of August 16, 2018. The yield based on the new payout is 1.2%.

Worthington Industries, Inc. (WOR), a metals manufacturing company, focuses on value-added steel processing and manufactured metal products in the United States, Austria, Canada, Mexico, Poland, Portugal, and Turkey. Recently the company increased its quarterly dividend 9.5% to $0.23 per share. The dividend is payable September 28, 2018 to stockholders of record on September 14, 2018, with an ex-dividend date of September 13, 2018. The yield based on the new payout is 2.0%.

Matson, Inc. (MATX) provides ocean transportation and logistics services. Recently the company increased its quarterly dividend 5% to $0.21 per share. The dividend is payable September 6, 2018 to stockholders of record on August 2, 2018, with an ex-dividend date of August 1, 2018. The yield based on the new payout is 2.2%.

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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- The Next Great Company
- 5 Stocks With a Sustainable Dividend
- Dividend Investing + Value Investing = Superior Returns
- The Dark Side of Dividends
- 7 Higher Yielders With A Low Free Cash Flow Payout

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Tags: WBA, KR, RL, RJF, LNN, WOR, MATX,

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