Monday, January 6, 2020

4 Stocks Delivering Higher Dividends

If you closely follow the daily financial news as presented by the mainstream media, it is easy to become jaded and start believing that there isn’t any good news out there. Don’t be confused by the noise. There are still many great companies committed to generating superior returns and rewarding their shareholder by increasing cash dividends.

Below are several companies delivering good news to their shareholders with recently increased cash dividends:

Bank OZK (OZK) recently increased its quarterly dividend 4% to $0.26 per share. The dividend is payable Jan. 24, 2020 to stockholders of record on Jan. 17, 2020, with an ex-dividend date of Jan. 16, 2020. The yield based on the new payout is 3.4%.

Raymond James Financial (RJF) recently increased its quarterly dividend 8.8% to $0.37 per share. The dividend is payable Jan. 16, 2020 to stockholders of record on Jan. 2, 2020, with an ex-dividend date of Dec. 31, 2020. The yield based on the new payout is 1.6%.

Life Storage (LSI) recently increased its quarterly dividend 7% to $1.07 per share. The dividend is payable Jan. 27, 2020 to stockholders of record on Jan. 14, 2020, with an ex-dividend date of Jan. 13, 2020. The yield based on the new payout is 4.0%.

Alamo (ALG) recently increased its quarterly dividend 8.3% to $0.13 per share. The dividend is payable Jan. 29, 2020 to stockholders of record on Jan. 16, 2020, with an ex-dividend date of Jan. 15, 2020. The yield based on the new payout is 0.4%.

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: OZK, RJF, LSI, ALG,
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