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10 Dividend Stocks Sharing the Fruits of Increased Dividends

Dividends4Life

Dividends4Life

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Just as picking fruit from a mango tree does not harm it, living off dividends does not damage the investment’s ability to produce future results. A mango tree’s life will easily span an entire generation. Similarly, well-chosen dividend investments will not only provide income in retirement, but can be passed to your children who can continue to reap the benefits.

Below are several select companies that recently decided to reward their shareholders with the fruits of their labor in the form of increased cash dividends:

The Macerich Company (MAC) is an independent real estate investment trust. October 24th the company increased its quarterly dividend 6.9% to $0.62 per share of stock. The dividend is payable on December 6, 2013 to stockholders of record at the close of business on November 12, 2013. The yield based on the new payout is 4.2%.

Lakeland Bancorp Inc. (LBAI) operates as the bank holding company of Lakeland Bank that provides commercial and consumer banking products. Oct. 23, the company increased its quarterly dividend 7.1% to $0.075 per diluted share. The dividend is payable Nov. 15, 2013 to holders of record as of the close of business on Nov. 5, 2013. The yield based on the new payout is 2.5%.

Pinnacle West Capital Corporation (PNW) Arizona Public Service Company, provides retail and wholesale electric services primarily in the State of Arizona. Oct. 23, the company increased its quarterly dividend 4.1% to $0.5675 per share. The dividend is payable Dec. 2, 2013, to shareholders of record on Nov. 1, 2013. The yield based on the new payout is 3.9%.

Associated Banc-Corp (ASBC), a bank holding company, offers various banking and non-banking financial services to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. Oct. 22, the company increased its quarterly dividend 12.5% to $0.09 per share. the dividend is payable Dec. 16, 2013, to shareholders of record at the close of business on Dec. 2, 2013. The yield based on the new payout is 2.2%.

Middlesex Water Company (MSEX) provides regulated and non-regulated water, wastewater utility, and related services. Oct. 22, the company increased its quarterly dividend 1.3% to $0.1900 per share. The dividend is payable Dec. 2, 2013, for shareholders of record as of Nov. 15, 2013. The yield based on the new payout is 3.6%.

American Electric Power Company Inc. (AEP), a public utility holding company, engages in the generation, transmission, and distribution of electric power to retail customers. Oct. 22, the company increased its quarterly dividend 2% to $0.50 per share. The dividend is payable Dec. 10, 2013, to shareholders of record as of Nov. 8, 2013. The yield based on the new payout is 4.3%.

Honeywell International Inc. (HON) operates as a diversified technology and manufacturing company worldwide. Oct. 22, the company increased its quarterly dividend 9.8% to $0.45 per share. the dividend is payable Dec. 10, 2013, to stockholders of record on Nov. 21, 2013. The yield based on the new payout is 2.1%.

Sotherly Hotels Inc. (SOHO) is an equity real estate investment trust that primarily owns, acquires, renovates and repositions full-service, primarily upper upscale and upscale hotel properties. Oct. 22, the company increased its quarterly dividend 12.5% to $0.045 per share. The dividend is payable Jan. 10, 2014 to shareholders of record as of Dec. 13, 2013. The yield based on the new payout is 3.9%.

V.F. Corporation (VFC) designs and manufactures, or sources from independent contractors various apparel and footwear products primarily in the United States and Europe. Oct. 21, the company increased its quarterly dividend 20.7% to $1.05 per share (after a 4 to 1 stock split). The dividend is payable on Dec. 20, 2013 to shareholders of record at the close of business on Dec. 10, 2013. The yield based on the new payout is 2.0%.

HCI Group Inc. (HCI) provides property and casualty insurance products in Florida. Oct. 18, the company increased its quarterly dividend 22% to $0.275 per share. The dividend is payable Dec. 20, 2013 to shareholders of record on the close of business Nov. 15, 2013. The yield based on the new payout is 2.6%.

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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Dividends4Life
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