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8 Stocks Not Missing Their Opportunity to Raise Dividends

Dividends4Life

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At some point in the future will we look back at our actions today and refer to them as our greatest missed opportunity? A successful dividend growth strategy takes time. Unfortunately, many income investors don't have the luxury of time on their side and must focus on high-yield investments to meet current expenses. These high-yield investments are often accompanied by high risk. For those with time, a solid long-term strategy focusing on quality stocks that grow their dividends will treat them well in their retirement years.

Below are several companies that did not miss this opportunity to increase their cash dividends:

Apple Inc. (AAPL) and its wholly owned subsidiaries design, manufacture, and market mobile communication and media devices, personal computers, and portable digital music players worldwide. April 23, the company increased its quarterly dividend 7.9% to $3.29 per share. The dividend is payable May 15, 2014 to stockholders of record on May 12, 2014. The yield based on the new payout is 2.3%.

LaSalle Hotel Properties (LHO), a real estate investment trust (REIT), engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets. April 23, the company increased its quarterly dividend 34% to $0.375 per share. The dividend is payable July 15, 2014 to stockholders of record on June 30, 2014. The yield based on the new payout is 4.6%.

The Travelers Companies Inc. (TRV) provides various commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the U.S. April 22, the company increased its quarterly dividend 10% to $0.55 per share. The dividend is payable June 30, 2014 to stockholders of record on June 10, 2014. The yield based on the new payout is 2.5%.

SunTrust Banks Inc. (STI) operates as the holding company for SunTrust Bank that provides various financial services in the United States. April 22, the company increased its quarterly dividend 100% to $0.20 per share. The dividend is payable June 16, 2014 to stockholders of record on May 30, 2014. The yield based on the new payout is 2.0%.

MetLife Inc. (MET) provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, Asia, Europe and the Middle East. April 22, the company increased its quarterly dividend 27% to $0.35 per share. The dividend is payable June 13, 2014 to stockholders of record on May 9, 2014. The yield based on the new payout is 2.7%.

Simon Property Group Inc. (SPG) is an equity real estate investment trust. The firm invests in the real estate markets across the globe. April 22, the company increased its quarterly dividend 4% to $1.30 per share. The dividend is payable May 30, 2014 to stockholders of record on May 16, 2014. The yield based on the new payout is 3.0%.

The Southern Company (SO) operates as a public electric utility company. April 22, the company increased its quarterly dividend 3.4% to $0.525 per share. The dividend is payable June 6, 2014 to stockholders of record on May 5, 2014. The yield based on the new payout is 4.6%.

Omega Healthcare Investors Inc. (OHI) is a real estate investment firm. The firm invests in the real estate markets of the U.S. It invests in health care facilities, primarily in long-term health care facilities in order to create its portfolio. April 18, the company increased its quarterly dividend 2% to $0.50 per share. The dividend is payable May 15, 2014 to stockholders of record on April 30, 2014. The yield based on the new payout is 5.7%.

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 OHI in my High Yield Portfolio. See a list of all my dividend growth holdings here.

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