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Monday, February 11, 2019

7 Stocks Sharing The Fruits Of Success With Increased Dividends

Just as picking fruit from a mango tree does not harm it, living off dividends does not damage the investment’s ability to produce future results. A mango tree’s life will easily span an entire generation. Similarly, well-chosen dividend investments will not only provide income in retirement, but can be passed to your children who can continue to reap the benefits.

Below are several select companies that recently decided to reward their shareholders with fruits of their labor in the form of increased cash dividends:

Gilead Sciences (GILD) recently increased its quarterly dividend 10% to $0.63 per share. The dividend is payable Mar. 28, 2019 to stockholders of record on Mar. 15, 2019, with an ex-dividend date of Mar. 14, 2019. The yield based on the new payout is 3.6%.

3M (MMM) recently increased its quarterly dividend 5.9% to $1.44 per share. The dividend is payable Mar. 12, 2019 to stockholders of record on Feb. 15, 2019, with an ex-dividend date of Feb. 14, 2019. The yield based on the new payout is 2.9%.

Corning (GLW) recently increased its quarterly dividend 11% to $0.20 per share. The dividend is payable Mar. 29, 2019 to stockholders of record on Feb. 28, 2019, with an ex-dividend date of Feb. 27, 2019. The yield based on the new payout is 2.2%.

Union Pacific (UNP) recently increased its quarterly dividend 10% to $0.88 per share. The dividend is payable Mar. 29, 2019 to stockholders of record on Feb. 28, 2019, with an ex-dividend date of Feb. 27, 2019. The yield based on the new payout is 2.2%. In addition, Board approved a new share repurchase authorization, enabling the Company to buy up to 150M of its common shares by March 31, 2022.

Suncor Energy (SU) recently increased its quarterly dividend 17% to $0.42 per share. The dividend is payable Mar. 25, 2019 to stockholders of record on Mar. 4, 2019, with an ex-dividend date of Mar. 1, 2019. The yield based on the new payout is 5.1%.

CSX (CSX) recently increased its quarterly dividend 9.1% to $0.24 per share. The dividend is payable Mar. 15, 2019 to stockholders of record on Feb. 28, 2019, with an ex-dividend date of Feb. 27, 2019. The yield based on the new payout is 1.4%.

Exelon (EXC) recently increased its quarterly dividend 5.1% to $0.3625 per share. The dividend is payable Mar. 8, 2019 to stockholders of record on Feb. 20, 2019, with an ex-dividend date of Feb. 19, 2019. The yield based on the new payout is 3.1%.

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: Long MMM,

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Tags: GILD, MMM, GLW, UNP, SU, CSX, EXC,
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