Monday, August 5, 2019

7 Stocks Building Wealth Through Higher Dividends

Some traditionalist would say your home is your greatest wealth building asset. I would argue it is not. Others would say your income is your greatest wealth building asset. Thought there is a lot of truth to the statement, it is still not your greatest wealth building asset. So, what is your greatest wealth building asset? Everyone is born with it. Few realize its importance until they lose most of it. The asset is so priceless it can’t be bought. Your most valuable wealth building asset is time.

With time, you can wait for blue-chip stocks to build a high yield-on-cost by growing their dividends. Below are several companies building shareholder wealth by increasing their cash dividends:

BP Midstream Partners (BPMP) recently increased its quarterly dividend 3.6% to $0.3237 per share. The dividend is payable Aug. 14, 2019 to stockholders of record on Jul. 31, 2019, with an ex-dividend date of Jul. 30, 2019. The yield based on the new payout is 8.1%.

Nutrien (NTR) recently increased its quarterly dividend 4.7% to $0.45 per share. The dividend is payable Oct. 17, 2019 to stockholders of record on Sep. 30, 2019, with an ex-dividend date of Sep. 27, 2019. The yield based on the new payout is 3.3%.

Mondel─ôz (MDLZ) recently increased its quarterly dividend 9.6% to $0.285 per share. The dividend is payable Oct. 14, 2019 to stockholders of record on Sep. 30, 2019, with an ex-dividend date of Sep. 27, 2019. The yield based on the new payout is 2.1%.

Simon Property (SPG) recently increased its quarterly dividend 2.4% to $2.10 per share. The dividend is payable Aug. 30, 2019 to stockholders of record on Aug. 16, 2019, with an ex-dividend date of Aug. 15, 2019. The yield based on the new payout is 5.2%.

McKesson (MCK) recently increased its quarterly dividend 5.1% to $0.41 per share. The dividend is payable Oct. 1, 2019 to stockholders of record on Sep. 3, 2019, with an ex-dividend date of Aug. 30, 2019. The yield based on the new payout is 1.2%.

BB&T (BBT) recently increased its quarterly dividend 11% to $0.45 per share. The dividend is payable Sep. 3, 2019 to stockholders of record on Aug. 14, 2019, with an ex-dividend date of Aug. 13, 2019. The yield based on the new payout is 3.5%.

Scotts Miracle-Gro (SMG) recently increased its quarterly dividend 5.5% to $0.58 per share. The dividend is payable Sep. 10, 2019 to stockholders of record on Aug. 27, 2019, with an ex-dividend date of Aug. 26, 2019. The yield based on the new payout is 2.1%.

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: No position in the aforementioned securities.

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Tags: BPMP, NTR, MDLZ, SPG, MCK, BBT, SMG,
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