Dividend Growth Stocks: 10 Dividend Stocks Paying More Cash
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:
PPG Industries (PPG) serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. April 21st the company increased its quarterly dividend 3.6% to $0.57/share. The dividend is payable June 10 to shareholders of record May 10. This marks the company’s 451st consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899. The yield based on the new payout is 2.4%.
General Electric Company (GE) is a diversified infrastructure, finance company. April 21st the company increased its quarterly dividend 7.1% to to $0.15/share. The dividend is payable July 25, 2011 to shareowners of record at the close of business on June 20, 2011. The ex-dividend date is June 16, 2011. The yield based on the new payout is 3.0%.
Applied Industrial Technologies (AIT) is an industrial distributor that offers more than 4 million parts critical to the operations of MRO and OEM customers in virtually every industry. April 20th the company increased its quarterly dividend 12% to $0.19/share. The dividend is payable on May 31, 2011, to shareholders of record on May 16, 2011. The yield based on the new payout is 2.2%.
Access National Corporation (ANCX) is an independent, nationally chartered bank serving the business community of the greater DC Metropolitan area. April 20th the company increased its quarterly dividend 50% to $0.03/share. The dividend is payable on May 25, 2011, to shareholders of record as of May 5, 2011. The yield based on the new payout is 1.6%.
Sonoco (SON) is a global manufacturer of industrial and consumer products and provider of packaging services. April 20th the company increased its quarterly dividend 3.6% to $0.29/share. The dividend is payable on June 10, 2011, to shareholders of record as of May 13, 2011. The yield based on the new payout is 3.3%.
ONEOK Partners, L.P. (OKS) is one of the largest publicly traded master limited partnerships, and is a leader in the gathering, processing, storage and transportation of natural gas in the U.S. April 20th the partnership increased its distribution 0.9% to $1.15/unit. The distribution is payable May 13, 2011, to unitholders of record as of April 29, 2011. The yield based on the new payout is 5.5%.
Newmont Mining Corporation (NEM) engages in the acquisition, exploration, and production of gold and copper properties. April 19th the company increased its quarterly dividend 33% to $0.20/share. The dividend is payable on June 29, 2011, to holders of record at the close of business on June 16, 2011. The yield based on the new payout is 1.4%.
Crosstex Energy, L.P. (XTEX) provides services for 3.2 billion cubic feet of natural gas per day, or approximately six percent of marketed U.S. daily production. April 19th the partnership increased its quarterly distribution 12% to $0.29/unit. The distribution is payable on May 13 to unitholders of record May 2. The yield based on the new payout is 6.9%.
Whirlpool Corporation (WHR) is the world's leading manufacturer and marketer of major home appliances. April 18th the company increased its quarterly dividend 16.3% to $0.50/share. The dividend is payable June 15, 2011, to stockholders of record at the close of business on May 20, 2011. The yield based on the new payout is 2.0%.
Southern Company (SO) operates as a utility company that provides electric service in the southeastern United States. April 18th the company increased its quarterly dividend 3.9% to $0.4725/share. The dividend is payable June 6, 2011, to shareholders of record as of May 2, 2011. This marks 254 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders and is the 10th straight year the company has raised the dividend on its common stock. The yield based on the new payout is 4.9%.
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. For a list of stocks with a long string of consecutive cash dividend increases, see this list.
Full Disclosure: Long UTX, PG. See a list of all my income holdings here.
10 Dividend Stocks Paying More Cash
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:
PPG Industries (PPG) serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. April 21st the company increased its quarterly dividend 3.6% to $0.57/share. The dividend is payable June 10 to shareholders of record May 10. This marks the company’s 451st consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899. The yield based on the new payout is 2.4%.
General Electric Company (GE) is a diversified infrastructure, finance company. April 21st the company increased its quarterly dividend 7.1% to to $0.15/share. The dividend is payable July 25, 2011 to shareowners of record at the close of business on June 20, 2011. The ex-dividend date is June 16, 2011. The yield based on the new payout is 3.0%.
Applied Industrial Technologies (AIT) is an industrial distributor that offers more than 4 million parts critical to the operations of MRO and OEM customers in virtually every industry. April 20th the company increased its quarterly dividend 12% to $0.19/share. The dividend is payable on May 31, 2011, to shareholders of record on May 16, 2011. The yield based on the new payout is 2.2%.
Access National Corporation (ANCX) is an independent, nationally chartered bank serving the business community of the greater DC Metropolitan area. April 20th the company increased its quarterly dividend 50% to $0.03/share. The dividend is payable on May 25, 2011, to shareholders of record as of May 5, 2011. The yield based on the new payout is 1.6%.
Sonoco (SON) is a global manufacturer of industrial and consumer products and provider of packaging services. April 20th the company increased its quarterly dividend 3.6% to $0.29/share. The dividend is payable on June 10, 2011, to shareholders of record as of May 13, 2011. The yield based on the new payout is 3.3%.
ONEOK Partners, L.P. (OKS) is one of the largest publicly traded master limited partnerships, and is a leader in the gathering, processing, storage and transportation of natural gas in the U.S. April 20th the partnership increased its distribution 0.9% to $1.15/unit. The distribution is payable May 13, 2011, to unitholders of record as of April 29, 2011. The yield based on the new payout is 5.5%.
Newmont Mining Corporation (NEM) engages in the acquisition, exploration, and production of gold and copper properties. April 19th the company increased its quarterly dividend 33% to $0.20/share. The dividend is payable on June 29, 2011, to holders of record at the close of business on June 16, 2011. The yield based on the new payout is 1.4%.
Crosstex Energy, L.P. (XTEX) provides services for 3.2 billion cubic feet of natural gas per day, or approximately six percent of marketed U.S. daily production. April 19th the partnership increased its quarterly distribution 12% to $0.29/unit. The distribution is payable on May 13 to unitholders of record May 2. The yield based on the new payout is 6.9%.
Whirlpool Corporation (WHR) is the world's leading manufacturer and marketer of major home appliances. April 18th the company increased its quarterly dividend 16.3% to $0.50/share. The dividend is payable June 15, 2011, to stockholders of record at the close of business on May 20, 2011. The yield based on the new payout is 2.0%.
Southern Company (SO) operates as a utility company that provides electric service in the southeastern United States. April 18th the company increased its quarterly dividend 3.9% to $0.4725/share. The dividend is payable June 6, 2011, to shareholders of record as of May 2, 2011. This marks 254 consecutive quarters – dating back to 1948 – that Southern Company will have paid a dividend to its shareholders and is the 10th straight year the company has raised the dividend on its common stock. The yield based on the new payout is 4.9%.
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. For a list of stocks with a long string of consecutive cash dividend increases, see this list.
Full Disclosure: Long UTX, PG. See a list of all my income holdings here.
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