Monday, October 5, 2020

Dividend Increases: These Stocks Are Paying You Back With Higher Cash Dividends

Payback is the amount of time needed for an investment to earn its cost, undiscounted. Though not very sophisticated, payback can still help you screen for good, solid dividend growth stocks. Once you earn back your investment, some might say you are in a no-lose situation. I wouldn’t go quite that far, but you have found an investment that has provided you a good historical revenue stream, and hopefully it will continue to do so in the future.

Below are several dividend stocks that recently rewarded their shareholders with increased cash dividends:

The First of Long Island (FLIC)recently increased its quarterly dividend to $0.19/share dividend, 5.6% increase from prior dividend of $0.18. The dividend is payable Oct. 22 to shareholders of record Oct. 13 with an ex-div date of Oct. 12. The yield based on the new payout is 5.34%

OGE Energy (OGE) recently increased its quarterly dividend 3.9% to $0.4025 per share. The dividend payable Oct. 30 to for shareholders of record Oct. 13 with an ex-div date of Oct. 12. The yield based on the new payout is 5.45%

Honeywell (HON) recently increased its quarterly dividend 3.3% to $0.93 per share. The dividend is payable Dec. 4; for shareholders of record Nov. 13, with an ex-div date of Nov. 12. The yield based on the new payout is 2.34%.

Johnson Outdoors (JOUT) recently increased its quarterly dividend 23% to $0.21 per share. The dividend is payable Oct. 23 to shareholders of record on Oct. 9 with an ex-div date of Oct. 8. The yield based on the new payout is 1.05%.

SuRo Capital (SSSS) recently increased its quarterly dividend 67% to $0.25 per share. The dividend is payable Oct. 20 for shareholders of record Oct. 5, with an ex-div date of Oct. 2. The yield based on the new payout is 3.85%.

Artesian Resources (ARTNA) recently increased its quarterly dividend 3% to $0.2571 per share. The dividend is payable Nov. 20 to shareholders of record Nov. 9, with an ex-div date of Nov. 6. The yield based on the new payout is 3.04%.

Lockheed Martin (LMT) recently increased its quarterly dividend 8.3% to $2.60 per share. The dividend is payable Dec. 24 to shareholders of record Dec. 1, with an ex-div date of Nov. 30. The yield based on the new payout is 2.69%.

TTEC Holdings (TTEC) recently increased its semi-annual dividend 18% to $0.40 per share. The dividend is payable Oct. 29 to shareholders of record Oct. 14, with an ex-div date of Oct. 13. The yield based on the new payout is 1.53%.

Starbucks (SBUX) recently increased its quarterly dividend 9.8% to $0.45 per share. The dividend is payable Nov. 27 to shareholders of record Nov. 12 with an ex-div date of Nov. 10. The yield based on the new payout is 2.09%.

Conagra Brands (CAG) recently increased its quarterly dividend 29% to $0.275 per share. The dividend is payable Dec. 2 to shareholders of record Nov. 2 with an ex-div date of Oct. 30. The yield based on the new payout is 3.08%.

American Financial (AFG) recently increased its quarterly dividend 11% to $0.50 per share. The dividend is payable Oct. 26 to shareholders of record Oct. 15, with an ex-div date of Oct. 14. The yield based on the new payout is 3.0%.

Invesco Mortgage Capital (IVR) recently increased its quarterly dividend 150% to $0.05 per share. The dividend is payable Oct. 27 to shareholders of record Oct. 12, with an ex-div date of Oct. 8. The yield based on the new payout is 7.37%.

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 LMT, 

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