Below are several stocks using real cash to raise their dividends:
McKesson (MCK) recently increased its quarterly dividend 2.4% to $0.42 per share. The dividend is payable Oct. 1, 2020 to stockholders of record on Sep. 1, 2020, with an ex-dividend date of Aug. 31, 2020. The yield based on the new payout is 1.1%.
CyrusOne (CONE) recently increased its quarterly dividend 2% to $0.51 per share. The dividend is payable Oct. 9, 2020 to stockholders of record on Sep. 25, 2020, with an ex-dividend date of Sep. 24, 2020. The yield based on the new payout is 2.5%.
Unilever (UL) recently increased its quarterly dividend 5.6% to $0.4694 per share. The dividend is payable Sep. 9, 2020 to stockholders of record on Aug. 7, 2020, with an ex-dividend date of Aug.6 , 2020. The yield based on the new payout is 3.4%.
Sturm, Ruger (RGR) recently increased its quarterly dividend 20% to $0.42 per share. The dividend is payable Aug. 28, 2020 to stockholders of record on Aug. 14, 2020, with an ex-dividend date of Aug. 13, 2020. In addition, the board declared special dividend of $5/share, payable along with quarterly dividend. The yield based on the new payout is 2.1%.
Scotts Miracle-Gro (SMG) recently increased its quarterly dividend 6.9% to $0.62 per share. The dividend is payable Sep. 10, 2020 to stockholders of record on Aug. 27, 2020, with an ex-dividend date of Aug. 26, 2020. The yield based on the new payout is 1.7%.
Apollo Global Management (APO) recently increased its quarterly dividend 16.7% to $0.49 per share. The dividend is payable Aug. 31, 2020 to stockholders of record on Aug. 18, 2020, with an ex-dividend date of Aug. 17, 2020. The yield based on the new payout is 3.6%.
W.W. Grainger (GWW) recently increased its quarterly dividend 6.3% to $1.53 per share. The dividend is payable Sep.1 , 2020 to stockholders of record on Aug. 10, 2020, with an ex-dividend date of Aug. 7, 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.
Stocks that have recently cut their dividends:
Macerich (MAC) - cuts dividend by 70%
Kimbell Royalty Partners (KRP) - cuts dividend by 24%
Martin Midstream Partners (MMLP) - cuts dividend by over 90%
Wells Fargo (WFC) - cuts dividend cut of 80%
Great Western Bancorp (GWB) - cuts dividend by 93%
Vornado Realty (VNO) - cuts dividend 20%
Full Disclosure: No position in the aforementioned securities.
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Tags: MCK, CONE, UL, RGR, SMG, APO, GWW, MAC, KRP, MMLP, WFC, GWB, VNO,
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