Graco Inc. (GGG), which supplies technology and expertise for the management of fluids in both industrial and commercial applications, increased its quarterly dividend by 5% to 20 cents per share. Graco Inc. is a potential addition for the dividend achiever’s list, as it has increased its quarterly dividend in each of the past nine years. The stock currently yields 2.60%.
Ecolab Inc. (ECL), which develops and markets products and services for the hospitality, foodservice, healthcare, and light industrial markets in the United States and internationally, increased its quarterly dividend by 11% to 15.5 cents per share. Ecolab Inc. is a dividend achiever, which has increased its quarterly dividend in each of the past eighteen years. The stock currently yields 1.20%.
Comcast Corporation (CMCSA), which provides cable services in the United States, increased its quarterly dividend by 40% to 9.45 cents per share. Additionally, Comcast announced its intent to complete its $3.6 billion share repurchase authorization over the next 36 months. This is the second dividend increase for the cable giant, since it started paying dividends in 2008. The stock currently yields 2.30%.
OGE Energy Corp. (OGE), which operates as an energy and energy services provider offering physical delivery and related services for electricity and natural gas primarily in the south central United States, increased its quarterly dividend by 8% to 14 cents per share. This is the fourth annual dividend increase OGE Energy Corp since 2007. The stock currently yields 4.00%.
Cameco Corporation (CCJ), which operates as a nuclear energy company, increased its annual dividend by 17% to 28 cents per share. The stock currently yields 0.70%.
Hillenbrand, Inc. (HI), which manufactures, distributes, and sells funeral service products to licensed funeral directors operating licensed funeral homes, increased its quarterly dividend by 1.35% to 18.75 cents per share. This is the second consecutive dividend increase for Hillenbrand, Inc.. The stock currently yields 3.90%.
The Toro Company (TTC), which designs, manufactures, and markets turf maintenance equipment and precision irrigation systems to help customers worldwide care for golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural fields, increased its quarterly dividend by 8% to 14 cents per share. The stock currently yields 1.50%.
An important prerequisite of dividend investing is selecting only the stocks which have solid underlying fundamentals which could support a growing distribution over time. In addition to that investors should try not to overpay for equities and should also diversify their holdings in order to protect their dividend income in the event of dividend cuts. That’s why further research of a promising dividend stock is a must, before adding it to your income portfolio.
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