Monday, March 2, 2020

7 Companies Willing and Capable To Raise Dividends

The main focus of investing in dividend growth stocks is finding and buying stocks that will continue to raise their dividends in the future. In making this determination there are many factors to consider such as dividend payout ratio, debt levels, the company’s dividend policy and track record.

This week several companies have elected to send higher cash dividends to their shareholders:

Home Depot (HD) recently increased its quarterly dividend 10% to $1.50 per share. The dividend is payable Mar. 26, 2020 to stockholders of record on Mar. 12, 2020, with an ex-dividend date of Mar. 11, 2020. The yield based on the new payout is 2.5%.

Best Buy (BBY) recently increased its quarterly dividend 10% to $0.55 per share. The dividend is payable Apr. 9, 2020 to stockholders of record on Mar. 19, 2020, with an ex-dividend date of Mar. 18, 2020. The yield based on the new payout is 2.7.

EOG Resources (EOG) recently increased its quarterly dividend 31% to $0.375 per share. The dividend is payable Apr. 30, 2020 to stockholders of record on Apr. 16, 2020, with an ex-dividend date of Apr. 15, 2020. The yield based on the new payout is 2.4%.

Wyndham Hotels & Resorts (WH) recently increased its quarterly dividend 10% to $0.32 per share. The dividend is payable Mar. 31, 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 2.4%.

Digital Realty Trust (DLR) recently increased its quarterly dividend 3.7% to $1.12 per share. The dividend is payable Mar. 31, 2020 to stockholders of record on Mar. 17, 2020, with an ex-dividend date of Mar. 16, 2020. The yield based on the new payout is 3.4%.

Albemarle (ALB) recently increased its quarterly dividend 4.8% to $0.385 per share. The dividend is payable Apr. 1, 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 1.9%.

Thermo Fisher Scientific (TMO) recently increased its quarterly dividend 16% to $0.22 per share. The dividend is payable Apr. 16, 2020 to stockholders of record on Mar. 16, 2020, with an ex-dividend date of Mar. 13, 2020. The yield based on the new payout is 0.3%.

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.

Related Articles
- 5 Dividend Growth Stocks With Strong Capital Appreciation
- 5 Higher Yielding Basic Materials Stocks With Growing Dividends
- 4 Dividend Growth Stocks That Could Make You Wealthy
- A Roadmap To Build Wealth With Dividend Stocks
- High-Yield Managed Distribution Policy Funds


Tags: HD, BBY, EOG, WH, DLR, ALB, TMO,
.