Below are several companies that are helping build shareholder wealth through higher their cash dividends:
The Female Health Company (NASDAQ:FHCO) engages in the development, manufacture, marketing, and sale of consumer health care products. March 27th the company increased its quarterly dividend 17% to $0.07 per share. The dividend is payable May 8, 2013 to stockholders of record as of May 1, 2013. The yield based on the new payout is 3.9%.
Camden National Corporation (NASDAQ:CAC) operates as the holding company for Camden National Bank, which provides commercial and consumer banking products and services. March 26, the company increased its quarterly dividend 8% to $0.27 per share. The dividend is payable on April 30, 2013, for shareholders of record on April 16, 2013. The yield based on the new payout is 3.2%.
Air Products and Chemicals Inc. (NYSE:APD) provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. March 25, the company increased its quarterly dividend 11% to $0.71 a share. The dividend is payable May 13, 2013, to shareholders of record at the close of business on April 1, 2013. The yield based on the new payout is 3.2%.
Washington Federal Inc. (NASDAQ:WAFD) operates as the holding company for Washington Federal that provides various financial services in the U.S. March 25, the company increased its quarterly dividend 12.5% to $0.09 per share. The dividend is payable April 19, 2013 to shareholders of record on April 5, 2013. The yield based on the new payout is 2.1%.
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.
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