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:
MDU Resources Group Inc. (MDU, Financial) operates as a diversified natural resource company in the United States. Nov. 14, the company increased its quarterly dividend 2.9% to $0.1775 per share. The dividend is payable Jan. 1, 2014, to stockholders of record on Dec. 12, 2013, with an ex-dividend date of Dec. 10, 2013. The yield based on the new payout is 2.3%.
United Bancorp Inc. (UBCP, Financial) operates as the bank holding company for The Citizens Savings Bank that provides banking and financial services to individuals, businesses, and other organizations in northeastern, eastern, southeastern, and south central Ohio. Nov. 14, the company increased its quarterly dividend 14% to $0.08 per share. the dividend is payable Dec. 20, 2013, to stockholders of record on Nov. 27, 2013, with an ex-dividend date of Nov. 25, 2013. The yield based on the new payout is 4.4%.
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 the production of polymers. November 12th the company increased its quarterly dividend 20% to $0.60 per share. The dividend is payable Dec. 9, 2013 to shareholders of record Nov. 25, 2013, with an ex-dividend date of Nov. 21, 2013. The yield based on the new payout is 3.1%.
Parkway Properties Inc. (PKY, Financial), a real estate investment trust (REIT), engages in the operation, acquisition, ownership, management, and leasing of office properties. Nov. 12, the company increased its quarterly dividend 25% to $0.1875 per share. The dividend is payable Dec. 26, 2013 to shareholders of record for Common Stock on Dec. 12, 2013. The yield based on the new payout is 4.4%.
Automatic Data Processing Inc. (ADP, Financial) provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. Nov. 12, the company increased its quarterly dividend 10% to $0.48 per share. The dividend is payable Jan. 1, 2014, to shareholders of record at December 13, 2013. The yield based on the new payout is 2.5%.
United Bankshares Inc. (UBSI, Financial) provides commercial and retail banking services and products in the U.S. Nov. 8, the company increased its quarterly dividend 3.2% to $0.32 per share. The dividend is payable Jan. 2, 2014, to shareholders of record as of Dec. 13, 2013. The yield based on the new payout is 4.2%.
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 ADP in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.
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- 6 High-Yield REITs With Growing Dividends
- International Diversification May Be Closer than You Think
- 10 Dividend Stocks With A 10% Yield In 10 Years
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This week several companies made their shareholders happy by giving them a raise in cash dividends:
MDU Resources Group Inc. (MDU, Financial) operates as a diversified natural resource company in the United States. Nov. 14, the company increased its quarterly dividend 2.9% to $0.1775 per share. The dividend is payable Jan. 1, 2014, to stockholders of record on Dec. 12, 2013, with an ex-dividend date of Dec. 10, 2013. The yield based on the new payout is 2.3%.
United Bancorp Inc. (UBCP, Financial) operates as the bank holding company for The Citizens Savings Bank that provides banking and financial services to individuals, businesses, and other organizations in northeastern, eastern, southeastern, and south central Ohio. Nov. 14, the company increased its quarterly dividend 14% to $0.08 per share. the dividend is payable Dec. 20, 2013, to stockholders of record on Nov. 27, 2013, with an ex-dividend date of Nov. 25, 2013. The yield based on the new payout is 4.4%.
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 the production of polymers. November 12th the company increased its quarterly dividend 20% to $0.60 per share. The dividend is payable Dec. 9, 2013 to shareholders of record Nov. 25, 2013, with an ex-dividend date of Nov. 21, 2013. The yield based on the new payout is 3.1%.
Parkway Properties Inc. (PKY, Financial), a real estate investment trust (REIT), engages in the operation, acquisition, ownership, management, and leasing of office properties. Nov. 12, the company increased its quarterly dividend 25% to $0.1875 per share. The dividend is payable Dec. 26, 2013 to shareholders of record for Common Stock on Dec. 12, 2013. The yield based on the new payout is 4.4%.
Automatic Data Processing Inc. (ADP, Financial) provides technology-based outsourcing solutions to employers and vehicle retailers and manufacturers worldwide. Nov. 12, the company increased its quarterly dividend 10% to $0.48 per share. The dividend is payable Jan. 1, 2014, to shareholders of record at December 13, 2013. The yield based on the new payout is 2.5%.
United Bankshares Inc. (UBSI, Financial) provides commercial and retail banking services and products in the U.S. Nov. 8, the company increased its quarterly dividend 3.2% to $0.32 per share. The dividend is payable Jan. 2, 2014, to shareholders of record as of Dec. 13, 2013. The yield based on the new payout is 4.2%.
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 ADP in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.
Related Posts
- A Disciplined Approach To Dividend Stocks
- 6 High-Yield REITs With Growing Dividends
- International Diversification May Be Closer than You Think
- 10 Dividend Stocks With A 10% Yield In 10 Years
- Free Cash Flow Payout vs. Dividend Payout
