|New Threads Only:|
|New Threads & Replies:|
Forum List » Income Investors' Forum|
Ideas for Income Investors. High Dividend Stocks, Mutual Funds etc.
6 Stocks Increasing Dividends For A Rainy Day
Posted by: Dividends4Life (IP Logged)
Date: September 2, 2013 03:26PM
Life often deals us difficult circumstances to work through at what seems to be the most inopportune time. During economic downturns, many people lose their jobs at a time when companies aren't hiring. When things like this happen, those with an alternative income, including dividend growth stocks, are in a better position to deal with the circumstances thrust on them.
Below are several companies increasing their dividends and in turn better preparing their shareholders for a financial rainy day:
EastGroup Properties, Inc. (EGP), a real estate investment trust (REIT), focuses on the development, acquisition, and operation of industrial properties in the United States. August 29th the company increased its quarterly dividend 1.9% to $0.54 per share. The dividend is payable September 30, 2013 to shareholders of record September 19, 2013. The yield based on the new payout is 3.8%.
Rockwood Holdings, Inc. (ROC) develops, manufactures, and markets specialty chemicals and advanced materials for industrial and commercial applications primarily in Germany, the United States, and Europe. August 29th the company increased its dividend 12.5% to $0.45 per share. The dividend is payable on September 26, 2013 to all common stockholders of record at the close of business on September 11, 2013. The yield based on the new payout is 2.8%.
TowneBank (TOWN) provides retail and commercial banking products and services in the Greater Hampton Roads region in southeastern Virginia. August 28th the company increased its quarterly dividend 11.1% to $0.10 per share. The dividend is payable on October 11, 2013 to shareholders of record on September 27, 2013. The yield based on the new payout is 2.8%.
Kewaunee Scientific Corporation (KEQU) engages in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products in the United States and internationally. August 28th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable September 24, 2013 to stockholders of record at the close of business on September 10, 2013. The yield based on the new payout is 2.8%.
Harris Corporation (HRS) operates as an international communications and information technology company that serves government and commercial markets worldwide. August 26th the company increased its quarterly dividend 13.5% to $0.42 per share. The dividend is payable September 24, 2013 to shareholders of record September 10, 2013. The yield based on the new payout is 2.9%.
Superior Industries International, Inc. (SUP) engages in the design, manufacture, and sale of aluminum road wheels to original equipment manufacturers in the United States and Mexico. August 23rd the company increased its quarterly dividend 12.5% to $0.18 per share. The dividend is payable October 18, 2013, to shareholders of record as of September 27, 2013. The yield based on the new payout is 4.1%.
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: No position in the aforementioned securities. See a list of all my dividend growth holdings here.
- 9 Dividend Stocks Trading at a Double-Digit Discount
- 6 High-Dividend, Low P/E Value Stocks
- How Much Money Will You Need Before Retiring?
- The 2013 Dividend Achievers
- 5 Stocks With A Strong Cash To Dividend Coverage
Stocks Discussed: HRS, SUP, EGP, KEQU, TOWN, ROC,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.