Monday, October 29, 2018

7 Stocks Building Deferred Gratification With Increased Dividends

Deferred gratification is a principle where one or more people choose to postpone near-term benefits in order to enhance their chances of greater benefits in the future. In our microwave society marked by the ‘I want it now’ attitude, it is unusual to find someone willing to wait. However, deferred gratification is essential for anyone wanting to build wealth and is a key ingredient in a successful dividend investing strategy.

Below are several stocks building future gratification through with the promise of higher cash dividends:

Merck (MRK) recently increased its quarterly dividend 15% to $0.55 per share. The dividend is payable Jan. 8, 2019 to stockholders of record on Dec. 17, 2018, with an ex-dividend date of Dec. 14, 2018. The yield based on the new payout is 3.1%.

Iron Mountain (IRM) recently increased its quarterly dividend 4% to $0.611 per share. The dividend is payable Jan. 3, 2019 to stockholders of record on Dec. 17, 2018, with an ex-dividend date of Dec. 14, 2018. The yield based on the new payout is 7.6%.

Magellan Midstream Partners (MMP) recently increased its quarterly dividend 2.1% to $0.9775 per share. The dividend is payable Nov. 14, 2018 to stockholders of record on Nov. 7, 2018, with an ex-dividend date of Nov. 6, 2018. The yield based on the new payout is 6.2%.

American Electric Power (AEP) recently increased its quarterly dividend 8.1% to $0.67 per share. The dividend is payable Dec. 10, 2018 to stockholders of record on Nov. 9, 2018, with an ex-dividend date of Nov. 8, 2018. The yield based on the new payout is 3.7%.

ONEOK (OKE) recently increased its quarterly dividend 3.6% to $0.855 per share. The dividend is payable Nov. 14, 2018 to stockholders of record on Nov. 5, 2018, with an ex-dividend date of Nov. 2, 2018. The yield based on the new payout is 5.4%.

Cabot Oil & Gas (COG) recently increased its quarterly dividend 17% to $0.07 per share. The dividend is payable Nov. 16, 2018 to stockholders of record on Nov. 7, 2018, with an ex-dividend date of Nov. 6, 2018. The yield based on the new payout is 1.3%.

CVR Refining (CVRR) recently increased its quarterly dividend 36% to $0.90 per share. The dividend is payable Nov. 12, 2018 to stockholders of record on Nov. 5, 2018, with an ex-dividend date of Nov. 2, 2018. The yield based on the new payout is 20%.

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.

Full Disclosure: No position in the aforementioned securities.

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Tags: MRK, IRM, MMP, AEP, OKE, COG, CVRR,
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