Monday, September 2, 2019

7 Companies Showing Confidence With Increased Dividends

It is very easy for a CEO to get on a conference call and talk about confidence in the future while communicating glowing projections, but do they really believe what they are saying? Are there any actions that would make you believe what they are saying? Senior management purchasing company stock is a strong indicator of confidence in the future. Another indicator is sticking with a dividend plan, including regular increases.

Below are several select companies with management and board confident enough to increase their cash dividends:

NXP Semiconductors (NXPI) recently increased its quarterly dividend 50% to $0.375 per share. The dividend is payable Oct. 4, 2019 to stockholders of record on Sep. 16, 2019, with an ex-dividend date of Sep. 13, 2019. The yield based on the new payout is 1.5%.

Lam Research (LRCX) recently increased its quarterly dividend 4.5% to $0.1.15 per share. The dividend is payable Oct. 16, 2019 to stockholders of record on Oct. 1, 2019, with an ex-dividend date of Sep. 30, 2019. The yield based on the new payout is 2.2%.

Bank of Nova Scotia (BNS) recently increased its quarterly dividend 3.4% to C$0.90 per share. The dividend is payable Oct. 29, 2019 to stockholders of record on Oct. 1, 2019, with an ex-dividend date of Sep. 30, 2019. The yield based on the new payout is 5.3%.

Golden Ocean (GOGL) recently increased its quarterly dividend 300% to $0.10 per share. The dividend is payable Sep. 12, 2019 to stockholders of record on Aug. 30, 2019, with an ex-dividend date of Aug. 29, 2019. The yield based on the new payout is 5.4%.

Saratoga Investment (SAR) recently increased its quarterly dividend 1.8% to $0.56 per share. The dividend is payable Sep. 26, 2019 to stockholders of record on Sep. 13, 2019, with an ex-dividend date of Sep. 12, 2019. The yield based on the new payout is 1.8%.

Atlantica Yield (AY) recently increased its quarterly dividend 2.6% to $0.40 per share. The dividend is payable Sep. 13, 2019 to stockholders of record on Sep. 13, 2019, with an ex-dividend date of Aug. 30, 2019. The yield based on the new payout is Aug. 29%.

Bebe stores (BEBE) recently increased its quarterly dividend 36% to $0.17 per share. The dividend is payable Sep. 23, 2019 to stockholders of record on Sep. 6, 2019, with an ex-dividend date of Sep. 5, 2019. The yield based on the new payout is 11.3%.

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: NXP, LRCX, BNS, GOGL, SAR, AY, BEBE,
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