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Six Dividend Stocks Working Even When I’m Not

Dividends4Life

Dividends4Life

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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:

U.S. Bancorp (USB), a financial services holding company, provides a range of financial services in the United States. June 17th the company increased its quarterly dividend 6.5% to $0.245 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 2.3%.

Realty Income Corporation (O) is a publicly traded real estate investment trust. June 17th the company increased its monthly dividend 0.2% to $0.18279 per share. The dividend is payable July 15, 2014 to stockholders of record on July 1, 2014. The yield based on the new payout is 5.0%.

Fifth Third Bancorp (FITB) operates as a diversified financial services company in the United States. June 17th the company increased its quarterly dividend 8.3% to $0.13 per share. The dividend is payable July 17, 2014 to stockholders of record on June 30, 2014. The yield based on the new payout is 2.4%.

Lexington Corporate Properties Trust (LXP) operates as a self-managed and self-administered real estate investment trust (REIT). June 16th the company increased its quarterly dividend 3.0% to $0.17 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 6.0.

Alexandria Real Estate Equities, Inc. (ARE), a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. June 16th the company increased its quarterly dividend 2.9% to $0.72 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 3.8%.

Universal Health Realty Income Trust (UHT) is a publicly owned real estate investment trust. June 13th the company increased its quarterly dividend 0.8% to $0.63 per share. The dividend is payable June 30, 2014 to stockholders of record on June 23, 2014. The yield based on the new payout is 5.9%.

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

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Dividends4Life
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