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Monday, March 16, 2020

7 Stocks Compounding Shareholders' Wealth With Increased Dividends

It is the goal of many people to build enough wealth to put their kids through college, payoff their mortgage, be in a position to help their family and enjoy a financially worry-free retirement. If you don't have a generous relative or wealthy parents, you will need to devise a plan to help you reach your goals. My plan includes great dividend stocks that increase their dividends each year.

Below are several companies compounding their shareholder's wealth with increased cash dividends:

Wheaton Precious Metals (WPM) recently increased its quarterly dividend 11% to $0.10 per share. The dividend is payable Apr. 9, 2020 to stockholders of record on Mar. 26, 2020, with an ex-dividend date of Mar. 25, 2020. The yield based on the new payout is 1.4%.

Colgate-Palmolive (CL) recently increased its quarterly dividend 2.3% to $0.44 per share. The dividend is payable May 15, 2020 to stockholders of record on Apr. 20, 2020, with an ex-dividend date of Apr. 17, 2020. The yield based on the new payout is 2.5%.

American Tower (AMT) recently increased its quarterly dividend 6.9% to $1.08 per share. The dividend is payable Apr. 29, 2020 to stockholders of record on Apr. 14, 2020, with an ex-dividend date of Apr. 13, 2020. The yield based on the new payout is 2.0%.

W. P. Carey (WPC) recently increased its quarterly dividend 0.2% to $1.04 per share. The dividend is payable Apr. 15, 2020 to stockholders of record on Mar. 31, 2020, with an ex-dividend date of Mar. 30, 2020. The yield based on the new payout is 6.2%.

Dollar General (DG) recently increased its quarterly dividend 12% to $0.36 per share. The dividend is payable Apr. 21, 2020 to stockholders of record on Apr. 7, 2020, with an ex-dividend date of Apr. 6, 2020. The yield based on the new payout is 0.9%.

Dick's Sporting Goods (DKS) recently increased its quarterly dividend 14% to $0.3125 per share. The dividend is payable Mar. 27, 2020 to stockholders of record on Mar. 20, 2020, with an ex-dividend date of Mar. 19, 2020. The yield based on the new payout is 3.6%.

Gentex (GNTX) recently increased its quarterly dividend 4.3% to $0.12 per share. The dividend is payable Apr. 22, 2020 to stockholders of record on Apr. 10, 2020, with an ex-dividend date of Apr. 9, 2020. The yield based on the new payout is 1.8%.

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: No position in the aforementioned securities.

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- What Determines A Dividend Stock's Yield
- 5 Dividend Stocks Yielding Over 3%, With Tiny Payout Ratios


Tags: WPM, CL, AMT, WPC, DG, DKL, GNTX,
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