Monday, February 10, 2020

7 Stocks Sending A Strong Message With Higher Dividends

Selecting quality dividend stocks with sustainable dividends requires the investor to not only look back at the financials, but also look forward to determine in the business can continue to thrive going forward. To succeed as an investor in dividend growth stocks, you must find companies that can sustain and grow dividends by focusing on their ability to generate cash.

Below are several stocks sending their shareholders a strong message with higher dividends:

Gilead Sciences (GILD) recently increased its quarterly dividend 7.9% to $0.68 per share. The dividend is payable Mar. 30, 2020 to stockholders of record on Mar. 13, 2020, with an ex-dividend date of Mar. 12, 2020. The yield based on the new payout is 4.0%.

BP (BP) recently increased its quarterly dividend 2.4% to $0.63 per share. The dividend is payable Mar. 27, 2020 to stockholders of record on Feb. 14, 2020, with an ex-dividend date of Feb. 13, 2020. The yield based on the new payout is 7.2%.

3M (MMM) recently increased its quarterly dividend 2% to $1.47 per share. The dividend is payable Mar. 12, 2020 to stockholders of record on Feb. 14, 2020, with an ex-dividend date of Feb. 13, 2020. The yield based on the new payout is 3.8%.

Activision Blizzard (ATVI) recently increased its quarterly dividend 11% to $0.41 per share. The dividend is payable May 6, 2020 to stockholders of record on Apr. 15, 2020, with an ex-dividend date of Apr. 14, 2020. The yield based on the new payout is 0.7%.

Corning (GLW) recently increased its quarterly dividend 10% to $0.22 per share. The dividend is payable Mar. 31, 2020 to stockholders of record on Feb. 28, 2020, with an ex-dividend date of Feb. 27, 2020. The yield based on the new payout is 3.1%.

Suncor Energy (SU) recently increased its quarterly dividend 11% to C$0.465 per share. The dividend is payable Mar. 25, 2020 to stockholders of record on Mar. 4, 2020, with an ex-dividend date of Mar. 3, 2020. The yield based on the new payout is 4.6%.

Prudential Financial (NYSE:PRU) recently increased its quarterly dividend 10% to $1.10 per share. The dividend is payable Mar. 12, 2020 to stockholders of record on Feb. 18, 2020, with an ex-dividend date of Feb. 14, 2020. The yield based on the new payout is 4.8%.

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, BP, MMM, ATVI, GLW, SU, PRU,
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