Monday, April 22, 2019

7 Stocks Providing A Growing Income With Increased Dividends

How much money will you need for retirement? This a very difficult question to answer. There are many factors and assumptions that go into estimating the income that will be needed in retirement. However, one certainty is that if you only invest in fixed income securities, you will need more than if your investments provide you a growing income.

Below are several companies that are providing their shareholders a growing income with higher cash dividends:

Goldman Sachs (GS) recently increased its quarterly dividend 6.3% to $0.85 per share. The dividend is payable Jun. 27, 2019 to stockholders of record on May 30, 2019, with an ex-dividend date of May 29, 2019. The yield based on the new payout is 1.6%.

Kinder Morgan (KMI) recently increased its quarterly dividend 25% to $0.25 per share. The dividend is payable May 15, 2019 to stockholders of record on May Apr. 30, 2019, with an ex-dividend date of Apr. 29, 2019. The yield based on the new payout is 5.1%.

Southern Co. (SO) recently increased its quarterly dividend 3.3% to $0.62 per share. The dividend is payable Jun. 6, 2019 to stockholders of record on May 20, 2019, with an ex-dividend date of May 17, 2019. The yield based on the new payout is 4.7%.

ONEOK (OKE) recently increased its quarterly dividend 0.6x% to $0.865 per share. The dividend is payable May 15, 2019 to stockholders of record on Apr. 29, 2019, with an ex-dividend date of Apr. 26, 2019. The yield based on the new payout is 5.0%.

American Water Works (AWK) recently increased its quarterly dividend 9.9% to $0.50 per share. The dividend is payable Jun. 4, 2019 to stockholders of record on May 13, 2019, with an ex-dividend date of May 10, 2019. The yield based on the new payout is 2.0%.

Foot Locker (FL) recently increased its quarterly dividend 10% to $0.38 per share. The dividend is payable May 3, 2019 to stockholders of record on May 17, 2019, with an ex-dividend date of May 16, 2019. The yield based on the new payout is 3.5%.

Whirlpool (WHR) recently increased its quarterly dividend 4.3% to $1.20 per share. The dividend is payable Jun. 15, 2019 to stockholders of record on May 17, 2019, with an ex-dividend date of May 16, 2019. The yield based on the new payout is 3.5%.

Star Gas (SGU) recently increased its quarterly dividend 6.4% to $0.1250 per share. The dividend is payable May 6, 2019 to stockholders of record on Apr. 26, 2019, with an ex-dividend date of Apr. 25, 2019. The yield based on the new payout is 5.1%.

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 SO,

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Tags: GS, KMI, SO, OKE, AWK, FL, WHR,
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