You expect your employer to give you a salary increase periodically. Why wouldn’t you expect the same from your investments? One of the most important aspects of a dividend stock is its ability to consistency raise dividends over time.
This week several companies made their shareholders happy by giving them a raise in cash dividends:
Dover Corporation (DOV, Financial) and its subsidiaries manufacture industrial products and components, as well as provide related services and consumables. August 4, the company increased its quarterly dividend 14.5% to $0.315 per share. The dividend is payable on Sept. 15, 2011, to shareholders of record as of Aug. 31, 2011. Dover noted that this is the 56th consecutive year in which the company has paid an increased cash dividend, giving it the fourth longest record of consecutive annual dividend increases of all listed companies. The yield based on the new payout is 2.3%.
Carlisle Companies Incorporated (CSL, Financial) manufactures construction materials in the United States and internationally. August 4th the company increased its quarterly dividend 6% to $0.18 per share. The dividend is payable on September 1, 2011 to shareholders of record at the close of business on August 17, 2011. This marks the 35th consecutive year of dividend increases for Carlisle shareholders. The yield based on the new payout is 2.0%.
Main Street Capital Corporation (MAIN, Financial) is a business development company specializing in equity, equity related, and debt investments in small and lower middle market companies. August 4 the company increased its monthly dividend 8% to $0.135 per share. The dividend is payable Oct. 14, 2011 to shareholder of record on Sept. 21, 2011. The yield based on the new payout is 9.0%.
Fresh Del Monte Produce Inc. (FDP, Financial) produces, transports, sources, markets and distributes fresh and fresh-cut fruit and vegetables worldwide. August 3 the company increased its quarterly dividend 100% to $0.05 per share. The dividend is payable on Sept. 9, 2011, to shareholders of record on Aug. 17, 2011. The yield based on the new payout is 1.7%.
JMP Group Inc. (JMP, Financial) operates as an investment banking, asset management and corporate credit management company. August 3 the company increased its quarterly dividend payment 20% to $0.03 per share. The dividend is payable on Friday, Sept. 2, 2011, to common stockholders of record as of Friday, Aug. 19, 2011. The yield based on the new payout is 1.7%.
LyondellBasell Industries N.V. (LYB, Financial) manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for production of polymers. August 3 the company increased its quarterly dividend 100% to $0.20 per share. The dividend is payable on Sept. 7, 2011, to shareholders of record as of Aug. 17, 2011. The yield based on the new payout is 2.2%.
CBOE Holdings Inc. (CBOE, Financial) intends to operate as the holding company for Chicago Board Options Exchange. August 2 the company increased its quarterly dividend 20% to $0.12 per share. The dividend is payable Sept. 23, 2011 to stockholders of record on Sept. 2, 2011. The yield based on the new payout is 2.1%.
Resources Connection Inc. (RECN, Financial) is a multinational professional services firm that helps business leaders execute internal initiatives. August 2 the company increased its quarterly dividend 25% to $0.05 per share. The dividend is payable on September 22, 2011 to all shareholders of record on Aug. 25, 2011. The yield based on the new payout is 1.7%.
Intersections Inc. (INTX, Financial) provides subscription based consumer protection services and other consumer products and services primarily in the United States. August 2 the company increased its quarterly dividend 33% to $0.20 per share will be paid on Sept. 9, 2011 to stockholders of record at the close of business on Aug. 31, 2011. The yield based on the new payout is 4.0%.
Aqua America Inc. (WTR, Financial) operates regulated utilities that provide water or wastewater services in the U.S. August 2 the company increased its quarterly dividend 6.5% to $0.165 per share. The dividend is payable Dec. 1, 2011 to all shareholders of record on Nov. 17, 2011. The yield based on the new payout is 3.1%.
Home BancShares Inc. (HOMB, Financial) operates as a holding company for the Centennial Bank that provides various commercial and retail banking, and related financial products and services. August 1 the company increased its quarterly dividend 48% to $0.08 per share. The dividend is payable Sept. 7, 2011, to shareholders of record Aug. 17, 2011. The yield based on the new payout is 1.4%.
Boardwalk Pipeline Partners LP (BWP) engages in the interstate transportation and storage of natural gas. August 1 the partnership increased its quarterly distribution to $0.5250 per unit. the distribution is payable on August 18, 2011, to unitholders of record as of Aug. 11, 2011. The yield based on the new payout is 7.4%.
Guggenheim Enhanced Equity Strategy Fund (GGE) a closed-end management investment company. August 1 the company increased its quarterly dividend to $0.3125 per share. The dividend is payable Aug. 31, 2011 to shareholders of record as of Aug. 15, 2011, with an ex-dividend date of Aug. 11, 2011. The yield based on the new payout is 7.2%.
AmTrust Financial Services Inc. (AFSI) operates as a multinational specialty property and casualty insurance company. July 29 the company increased its quarterly dividend 12.5% to $0.09 per share. The dividend will be payable on Oct. 17, 2011 to shareholders of record as of Oct. 3, 2011. The yield based on the new payout is 1.5%.
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.
Related Posts
- High-Yield Dividend Stocks: A Safer Approach
- 10 Best U.S. Dividend Stocks
- Three Dividend Stocks With A Perfect Risk Score
- Protecting Your Dollars With Foreign Currency
- How To Maximize Your Dividend Stocks' Earnings
This week several companies made their shareholders happy by giving them a raise in cash dividends:
Dover Corporation (DOV, Financial) and its subsidiaries manufacture industrial products and components, as well as provide related services and consumables. August 4, the company increased its quarterly dividend 14.5% to $0.315 per share. The dividend is payable on Sept. 15, 2011, to shareholders of record as of Aug. 31, 2011. Dover noted that this is the 56th consecutive year in which the company has paid an increased cash dividend, giving it the fourth longest record of consecutive annual dividend increases of all listed companies. The yield based on the new payout is 2.3%.
Carlisle Companies Incorporated (CSL, Financial) manufactures construction materials in the United States and internationally. August 4th the company increased its quarterly dividend 6% to $0.18 per share. The dividend is payable on September 1, 2011 to shareholders of record at the close of business on August 17, 2011. This marks the 35th consecutive year of dividend increases for Carlisle shareholders. The yield based on the new payout is 2.0%.
Main Street Capital Corporation (MAIN, Financial) is a business development company specializing in equity, equity related, and debt investments in small and lower middle market companies. August 4 the company increased its monthly dividend 8% to $0.135 per share. The dividend is payable Oct. 14, 2011 to shareholder of record on Sept. 21, 2011. The yield based on the new payout is 9.0%.
Fresh Del Monte Produce Inc. (FDP, Financial) produces, transports, sources, markets and distributes fresh and fresh-cut fruit and vegetables worldwide. August 3 the company increased its quarterly dividend 100% to $0.05 per share. The dividend is payable on Sept. 9, 2011, to shareholders of record on Aug. 17, 2011. The yield based on the new payout is 1.7%.
JMP Group Inc. (JMP, Financial) operates as an investment banking, asset management and corporate credit management company. August 3 the company increased its quarterly dividend payment 20% to $0.03 per share. The dividend is payable on Friday, Sept. 2, 2011, to common stockholders of record as of Friday, Aug. 19, 2011. The yield based on the new payout is 1.7%.
LyondellBasell Industries N.V. (LYB, Financial) manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for production of polymers. August 3 the company increased its quarterly dividend 100% to $0.20 per share. The dividend is payable on Sept. 7, 2011, to shareholders of record as of Aug. 17, 2011. The yield based on the new payout is 2.2%.
CBOE Holdings Inc. (CBOE, Financial) intends to operate as the holding company for Chicago Board Options Exchange. August 2 the company increased its quarterly dividend 20% to $0.12 per share. The dividend is payable Sept. 23, 2011 to stockholders of record on Sept. 2, 2011. The yield based on the new payout is 2.1%.
Resources Connection Inc. (RECN, Financial) is a multinational professional services firm that helps business leaders execute internal initiatives. August 2 the company increased its quarterly dividend 25% to $0.05 per share. The dividend is payable on September 22, 2011 to all shareholders of record on Aug. 25, 2011. The yield based on the new payout is 1.7%.
Intersections Inc. (INTX, Financial) provides subscription based consumer protection services and other consumer products and services primarily in the United States. August 2 the company increased its quarterly dividend 33% to $0.20 per share will be paid on Sept. 9, 2011 to stockholders of record at the close of business on Aug. 31, 2011. The yield based on the new payout is 4.0%.
Aqua America Inc. (WTR, Financial) operates regulated utilities that provide water or wastewater services in the U.S. August 2 the company increased its quarterly dividend 6.5% to $0.165 per share. The dividend is payable Dec. 1, 2011 to all shareholders of record on Nov. 17, 2011. The yield based on the new payout is 3.1%.
Home BancShares Inc. (HOMB, Financial) operates as a holding company for the Centennial Bank that provides various commercial and retail banking, and related financial products and services. August 1 the company increased its quarterly dividend 48% to $0.08 per share. The dividend is payable Sept. 7, 2011, to shareholders of record Aug. 17, 2011. The yield based on the new payout is 1.4%.
Boardwalk Pipeline Partners LP (BWP) engages in the interstate transportation and storage of natural gas. August 1 the partnership increased its quarterly distribution to $0.5250 per unit. the distribution is payable on August 18, 2011, to unitholders of record as of Aug. 11, 2011. The yield based on the new payout is 7.4%.
Guggenheim Enhanced Equity Strategy Fund (GGE) a closed-end management investment company. August 1 the company increased its quarterly dividend to $0.3125 per share. The dividend is payable Aug. 31, 2011 to shareholders of record as of Aug. 15, 2011, with an ex-dividend date of Aug. 11, 2011. The yield based on the new payout is 7.2%.
AmTrust Financial Services Inc. (AFSI) operates as a multinational specialty property and casualty insurance company. July 29 the company increased its quarterly dividend 12.5% to $0.09 per share. The dividend will be payable on Oct. 17, 2011 to shareholders of record as of Oct. 3, 2011. The yield based on the new payout is 1.5%.
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.
Related Posts
- High-Yield Dividend Stocks: A Safer Approach
- 10 Best U.S. Dividend Stocks
- Three Dividend Stocks With A Perfect Risk Score
- Protecting Your Dollars With Foreign Currency
- How To Maximize Your Dividend Stocks' Earnings
