Logic has very little to do with short-term movements in stock prices. Knowing this, there are some things that long-term buy-and-hold investors can do to profit from from these irrational moves in the market, such as following a disciplined approach of acquiring stocks that routinely increase their dividends.
Below are several companies that have recently increased their cash dividends to shareholders:
Developers Diversified (NYSE:DDR) is a self-administered and self-managed real estate investment trust that acquires, develops, leases and manages shopping centers across the U.S. January 10th the company increased its quarterly 100% dividend to $0.04/share. The common dividend is payable April 5, 2011 to shareholders of record at the close of business on March 22, 2011. The ex-dividend date is March 18, 2011. The yield based on the new payout is 1.2%.
Epoch Holding (NASDAQ:EPHC) provides investment advisory and investment management services for retirement plans, mutual funds, endowments, foundations and high net worth individuals. January 10th the company raised its quarterly dividend 20% to $0.06/share. The dividend is payable on February 11, 2011 to shareholders of record as of January 28, 2011. The ex-dividend date is January 26, 2011. The yield based on the new payout is 1.6%.
CVS Caremark (NYSE:CVS) is a leading operator of retail drug stores and pharmacy benefit management services in the U.S. January 11th the company increased its quarterly dividend 43% to $0.125/share. The dividend payable on Feb. 2 to shareholders of record on Jan. 21. The ex-dividend date is Jan. 19. The yield based on the new payout is 1.42%.
International Paper (NYSE:IP) is a leading worldwide producer and distributor of printing papers and packaging products. January 11th the company raised its quarterly dividend 50% to $0.1875/share. The dividend is payable March 15, 2011 to shareholders of record on February 15, 2011. The ex-dividend date is February 11, 2011. The yield based on the new payout is 2.7%.
Alexander’s (NYSE:ALX) leases, manages, develops, and redevelops properties in the United States. Its properties include office and retail properties, and shopping centers. January 12th the company increased quarterly dividend 20% to $3.00/share. The dividend is a 20% increase from the current rate of $2.50. The increased dividend will be payable on February 22, 2011 to stockholders of record on January 28, 2011. The ex-dividend date is January 26, 2011. The yield based on the new payout is 3%.
Vornado (NYSE:VNO) owns a diverse group of properties, including Northeast retail properties, New York City office buildings, and other interests. January 12th the REIT raised its quarterly dividend to $0.69/share. The dividend is payable on Feb. 22 to shareholders of record on Jan. 28. The ex-dividend date is Jan. 26. The yield based on the new payout is 3.28%.
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 income holdings here.
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