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7 Dividend Stocks Making Their Investors Smile with Higher Dividends

Dividends4Life

Dividends4Life

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At the end of each month I do an evaluation to determine which dividend stocks I will purchase in the following month. There is always a warm feeling of joy that comes over me when I buy one of my "favorite" dividend growth stocks. These are stocks that have earned a special place in my heart, and they all have one thing in common: They consistently grow their dividends each year.

Below are several companies that made their investors smile this week with the promise of higher cash dividends:

Colgate-Palmolive Company (NYSE:CL) manufactures and markets consumer products worldwide. March 13, the company increased its quarterly dividend 5.9% to $0.36 per share. The dividend is payable May 15, 2014 to stockholders of record on April 22, 2014. The yield based on the new payout is 2.3%.

Williams-Sonoma Inc. (NYSE:WSM) operates as a multi-channel specialty retailer of home products. March 12, the company increased its quarterly dividend 6.5% to $0.33 per share. The dividend is payable May 28, 2014 to stockholders of record on April 25, 2014. The yield based on the new payout is 2.2%.

Vail Resorts Inc. (NYSE:MTN) operates resorts in the United States. March 12, the company increased its quarterly dividend 100% to $0.4150 per share. The dividend is payable April 16, 2014 to stockholders of record on April 1, 2014. The yield based on the new payout is 2.3%.

JMP Group Inc. (NYSE:JMP), provides investment banking and asset management services in the U.S. March 11, the company increased its quarterly dividend 12.5% to $0.045 per share. The dividend is payable April 11, 2014 to stockholders of record on March 28, 2014. The yield based on the new payout is 2.4%.

General Mills Inc. (NYSE:GIS) produces and markets branded consumer foods in the United States and internationally. March 11, the company increased its quarterly dividend 7.9% to $0.41 per share. The dividend is payable May 1, 2014 to stockholders of record on April 10, 2014. The yield based on the new payout is 3.2%.

First American Financial Corporation (NYSE:FAF) provides title insurance, financial services and specialty insurance. March 11, the company increased its quarterly dividend 100% to $0.24 per share. The dividend is payable June 16, 2014 to stockholders of record on June 9, 2014. The yield based on the new payout is 3.4%.

Douglas Dynamics Inc. (NYSE:PLOW) engages in the design, manufacture, and sale of snow and ice control equipment for light trucks in the U.S. and Canada. March 7, the company increased its quarterly dividend 2.4% to $0.2175 per share. The dividend is payable March 31, 2014 to stockholders of record on March 21, 2014. The yield based on the new payout is 5.3%.

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 CL in my IRA. See a list of all my dividend growth holdings here.

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Dividends4Life
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