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17 Stocks Building Wealth Through Higher Dividends

Dividends4Life

Dividends4Life

53 followers
Some traditionalist would say your home is your greatest wealth building asset. I would argue it is not. Others would say your income is your greatest wealth building asset. Thought there is a lot of truth to the statement, it is still not your greatest wealth building asset. So, what is your greatest wealth building asset? Everyone is born with it. Few realize its importance until they lose most of it. The asset is so priceless it can’t be bought. Your most valuable wealth building asset is time.

With time, you can wait for blue-chip stocks to build a high yield-on-cost by growing their dividends. Below are several companies building shareholder wealth by increasing their cash dividends:

MDU Resources Group Inc. (MDU) operates as a diversified natural resource company in the United States. November 17, the company increased its quarterly dividend 3.1% to $0.1675 per share. The dividend is payable on Jan. 1, 2012, to stockholders of record Dec. 8, 2011. The yield based on the new payout is 3.3%.

C&F Financial Corporation (CFFI) operates as the holding company for Citizens and Farmers Bank that provides various banking and related financial services to individuals and businesses. November 17, the company increased its quarterly dividend 4% to $0.26 cents per share. The dividend is payable Jan. 1, 2012 to shareholders of record on Dec. 15, 2011. The yield based on the new payout is 4.9%.

Brown-Forman Corporation (BFA) engages in manufacturing, bottling, importing, exporting, and marketing alcoholic beverages. November 17, the company increased its quarterly dividend 9.4% to $0.35 per share. The yield based on the new payout is 1.9%.

NIKE Inc. (NKE) engages in the design, development, marketing and sale of footwear, apparel, equipment and accessory products for men, women and children worldwide. November 17, the company increased its quarterly dividend 16% to $0.36 per share. The dividend is payable on Jan. 3, 2012 to shareholders of record at the close of business on Dec. 5, 2011. The yield based on the new payout is 1.6%.

Union Pacific Corporation (UNP) provides rail transportation services in North America. November 17, the company increased its quarterly dividend 26% to $0.60 per share. The dividend is payable Jan. 2, 2012, to stockholders of record on Nov. 30, 2011. The yield based on the new payout is 2.4%.

FBL Financial Group Inc. (FFG) sells individual life insurance and annuity products. November 16th the company increased its quarterly dividend 60% to $0.10 per share. The dividend is payable on Dec. 30, 2011 to shareholders of record as of Dec. 15, 2011. The yield based on the new payout is 1.3%.

PennantPark Investment Corporation (PNNT) is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. November 16, the company declared a quarterly distribution of to $0.28 per share. The distribution is payable on Jan. 3, 2012 to stockholders of record as of Dec. 23, 2011. The yield based on the new payout is 10.6%.

Rockville Financial Inc. (RCKB) operates as the holding company for Rockville Bank that provides a range of banking services to consumer and commercial customers. November 16, the company increased its dividend 15% to $0.075 per share. The dividend is payable on Dec. 5, 2011 to shareholders on record as of the close of business on Nov. 28, 2011. The yield based on the new payout is 2.8%.

New Jersey Resources Corporation (NJR) provides retail and wholesale energy services. November 16, the company increased its quarterly dividend 5.6% to $0.38 per share. The dividend is payable Jan. 3, 2012 to shareowners of record on Dec. 15, 2011. The yield based on the new payout is 3.2%.

Johnson Controls Inc. (JCI) engages in building efficiency, automotive experience, and power solutions businesses worldwide. November 16, the company increased its quarterly dividend 13% to $0.18 per share. The dividend is payable Jan. 3, 2012 to shareholders of record at the close of business on Dec. 9, 2011. The yield based on the new payout is 2.3%.

Sysco Corporation (SYY) engages in the marketing and distribution of a range of food and related products primarily to the foodservice or food-away-from-home industry. November 16, the company increased its quarterly dividend 4% to $0.27 per share. The dividend is payable on Jan. 27, 2012, to common shareholders of record at the close of business on Jan. 6, 2012. The yield based on the new payout is 3.9%.

Pacific Continental Corporation (PCBK) operates as the bank holding company for Pacific Continental Bank that provides commercial banking services primarily in Oregon and Washington. November 16, the company increased its quarterly dividend 67% to $0.05 per share. The dividend is payable on Dec. 15, 2011, to stockholders of record on Dec. 5, 2011, with an ex-dividend date of Dec. 1, 2011. The yield based on the new payout is 2.2%.

StanCorp Financial Group Inc. (SFG) provides group insurance products and services in the United States. November 15, the company increased its annual dividend 3.5% to $0.89 per share. The dividend is payable Dec. 9, 2011, to shareholders of record on Nov. 28, 2011. The yield based on the new payout is 2.6%.

The Hanover Insurance Group Inc. (THG) underwrites commercial and personal property, and casualty insurance coverage in the United States. November 15, the company increased its quarterly dividend to $0.30 per share. The dividend is payable Dec. 13, 2011, to shareholders of record at the close of business on Nov. 29, 2011. The yield based on the new payout is 3.2%.

The Home Depot Inc. (HD) operates as a home improvement retailer. November 15, the company increased its quarterly dividend 16% to $0.29 per share. The dividend is payable on Dec. 15, 2011 , to shareholders of record on the close of business on Dec. 1, 2011. The yield based on the new payout is 3.0%.

Baxter International Inc. (BAX) develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions. November 15, the company increased its quarterly dividend 8% to $0.335 per share. The dividend is payable on Jan. 4, 2012 to shareholders of record as of the close of business on Dec. 9, 2011. The yield based on the new payout is 2.4%.

LyondellBasell Industries N.V. (LYB) manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for production of polymers. November 14th the company increased its quarterly dividend 25% to $0.25 per share. The dividend is payable on on Dec. 16, 2011 to shareholders of record as of Nov. 25, 2011. The yield based on the new payout is 2.8%.

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 SYY. See a list of all my dividend growth holdings here.

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About the author:

Dividends4Life
Visit Dividends4Life at:
http://www.dividend-growth-stocks.com/

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Comments

batbeer2
Batbeer2 premium member - 3 years ago
>> Below are several companies building shareholder wealth by increasing their cash dividends.

If you own the business, you own the cash right ?

How does transferring your cash from one bank account to the other increase your wealth ?

Please leave your comment:


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