Below are four companies making the case not to be sold by raising their cash dividends:
Lowe’s (NYSE:LOW) retail outlet for building materials and supplies, lumber, hardware and appliances through more than 1,700 stores in the U.S. and Canada. May 28th the company increased its quarterly dividend 22% to $0.11/share. The dividend is payable on August 4 to shareholders of record on July 21. The ex-dividend date is July 19. LOW is a Dividend Aristocrat and has raised its dividend for 48 consecutive years. The yield based on the new payout is 1.80%.
Greif (NYSE:GEF) produces industrial packaging products with manufacturing facilities located in over 45 countries; produces containerboard and corrugated products; and sells timber. June 1st the company raised its quarterly dividend to $0.42/share. The dividend is payable on July 1 to shareholders of record on June 18. The ex-dividend date is June 16. The yield based on the new payout is 3.03%.
DuPont Fabros Tech (NYSE:DFT) develops, operates and manages wholesale data centers used by technology concerns to power the computer servers that support their critical business processes. June 3rd the company increased its quarterly dividend 50% to $0.12/share. The dividend is payable on July 9, 2010 to shareholders of record as of June 29, 2010. The ex-dividend date is June 25, 2010. The yield based on the new payout is 1.91%.
Rockwell Automation (NYSE:ROK) primarily manufactures automated industrial equipment and power generators (formerly Rockwell International). June 3rd the company raised its quarterly dividend 21% to $0.35/share. The dividend is payable on Sept. 10, 2010 to shareowners of record at the close of business on Aug. 16, 2010. The yield based on the new payout is 2.56%.
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 income holdings here.
- High Yield Dividend Stocks in Gurus' Portfolio
- Top dividend stocks of Warren Buffett
- Top dividend stocks of George Soros
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