GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

5 Dividend Stocks Working Even When I’m Not

This past week I have been vacationing hundreds of miles from my home. As with most vacations, I have not done much work this week. However, a quick check of my brokerage account shows that my Dividend Growth Stocks have been very busy this week. It is nice to know my income portfolio never takes a day off. What’s even better is the portfolio is frequently getting a raise through higher cash dividend payments.

Here are several select companies that have recently provided their shareholders a raise with increased cash dividends:

CVB Financial Corp. (CVBF) operates as the bank holding company for Citizens Business Bank that provides various banking and trust services for small-and medium-sized businesses, professionals, and individuals. June 19th the company increased its quarterly dividend 18% to $0.10 per share. The dividend is payable July 18, 2013 to shareholders of record as of July 3, 2013. The yield based on the new payout is 3.5%.

Realty Income Corporation (O) is a publicly traded real estate investment trust investing in the real estate markets of the United Sates. The firm makes investments in commercial real estate. June 18th the company increased its monthly dividend to $0.1815417. The dividend is payable July 15, 2013 to shareholders of record as of July 1, 2013. The yield based on the new payout is 4.9%.

[/b] [b]U.S. Bancorp (USB), a financial services holding company, provides a range of financial services in the United States. Its services include lending and depository services, cash management, capital market, and trust and investment management services. June 18th the company increased its quarterly dividend 18% to $0.23 per share. The dividend is payable July 15, 2013, to shareholders of record at the close of business on June 28, 2013. The yield based on the new payout is 2.6%.

[/b] [b]Host Hotels & Resorts Inc. (HST) is a publicly owned real estat investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. June 17th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable July 15, 2013 to stockholders of record on June 28, 2013. The yield based on the new payout is 3.8%.

[/b] [b]Norwood Financial Corp. (NWFL) operates as the holding company for Wayne Bank that provides various financial services to consumers, businesses, nonprofit organizations, and municipalities in Pennsylvania. June 14th the company increased its quarterly dividend 7.4% to $0.29 per share. The dividend is payable August 1, 2013 to shareholders of record as of July 15, 2013. The yield based on the new payout is 3.8%.

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 O in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.

Related Posts

- Free Cash Flow Payout vs. Dividend Payout

- 9 Dividend Stocks Trading at a Double-Digit Discount

- 6 High-Dividend, Low P/E Value Stocks

- How Much Money Will You Need Before Retiring?

- The 2013 Dividend Achievers

Rating: 4.5/5 (2 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide