It seems that ever so many years the market turns down and someone declares the death of buy-and-hold. Some even go as far to say that Warren Buffett has lost his touch. With time on their side, the buy-and-hold investors and Mr. Buffett always seem to make a spectacular rebound. As long-term dividend investors our focus should be on acquiring fundamentally sound dividend growth stocks at a reasonable valuation and maintaining our asset allocation.
This week several companies provided their shareholders positive feedback with increased cash dividends:
Casey’s (CASY, Financial) has over 1,500 convenience stores in the Midwest, selling food, beverage, health and automotive products. September 7th the company increased its quarterly dividend 35% to $0.135/share. CASY is a Dividend Achiever and has raised its dividend for 11 consecutive years. The yield based on the new payout is 1.26%.
R.G. Barry Corporation (DFZ, Financial) designs, purchases from third party contract manufacturers, markets and distributes comfort footwear for men, women and children. September 7th the company raised its quarterly dividend 40% to $0.07/share. The dividend is payable October 4, 2010 to common shareholders of record on September 20, 2010. The ex-dividend date is September 16, 2010. The yield based on the new payout is 2.46%.
Frisch’s Restaurants (FRS, Financial) operates 91 family restaurants under the name Frisch’s Big Boy, and operates 35 Golden Corral grill buffet restaurants. September 8th the company raised its quarterly dividend 15% to $0.15/share. The dividend is payable October 8, 2010 to shareholders of record at the close of business on September 20, 2010. The ex-dividend date is September 16, 2010. The yield based on the new payout is 3.03%.
Flexsteel Industries (FLXS, Financial) manufactures, imports, and markets residential, recreational vehicle, and commercial upholstered and wooden furniture products in the United States. September 9th the company increased its quarterly dividend 50% to $0.075/share. The dividend is payable October 1, 2010 to shareholders of record as of September 20, 2010. The ex-dividend date is September 16, 2010. The yield based on the new payout is 2.08%.
Brady Corp (BRC, Financial) is an international manufacturer and marketer of solutions that identify and protect premises, products and people. September 9th the company raised its quarterly dividend 2.9% to $0.18/share. A quarterly dividend will be paid on October 29, 2010, to shareholders of record at the close of business on October 8, 2010. BRC is a Dividend Achiever and has raised its dividend for 25 consecutive years. The yield based on the new payout is 2.64%.
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.
Related Posts
- Five Stocks With A Low Debt To Total Capital
- Dividend Stocks: A Disciplined Approach
- The 2010 Dividend Stock Ideas List
- Best Stocks For 2010
- Finding Low Risk Dividend Stocks
This week several companies provided their shareholders positive feedback with increased cash dividends:
Casey’s (CASY, Financial) has over 1,500 convenience stores in the Midwest, selling food, beverage, health and automotive products. September 7th the company increased its quarterly dividend 35% to $0.135/share. CASY is a Dividend Achiever and has raised its dividend for 11 consecutive years. The yield based on the new payout is 1.26%.
R.G. Barry Corporation (DFZ, Financial) designs, purchases from third party contract manufacturers, markets and distributes comfort footwear for men, women and children. September 7th the company raised its quarterly dividend 40% to $0.07/share. The dividend is payable October 4, 2010 to common shareholders of record on September 20, 2010. The ex-dividend date is September 16, 2010. The yield based on the new payout is 2.46%.
Frisch’s Restaurants (FRS, Financial) operates 91 family restaurants under the name Frisch’s Big Boy, and operates 35 Golden Corral grill buffet restaurants. September 8th the company raised its quarterly dividend 15% to $0.15/share. The dividend is payable October 8, 2010 to shareholders of record at the close of business on September 20, 2010. The ex-dividend date is September 16, 2010. The yield based on the new payout is 3.03%.
Flexsteel Industries (FLXS, Financial) manufactures, imports, and markets residential, recreational vehicle, and commercial upholstered and wooden furniture products in the United States. September 9th the company increased its quarterly dividend 50% to $0.075/share. The dividend is payable October 1, 2010 to shareholders of record as of September 20, 2010. The ex-dividend date is September 16, 2010. The yield based on the new payout is 2.08%.
Brady Corp (BRC, Financial) is an international manufacturer and marketer of solutions that identify and protect premises, products and people. September 9th the company raised its quarterly dividend 2.9% to $0.18/share. A quarterly dividend will be paid on October 29, 2010, to shareholders of record at the close of business on October 8, 2010. BRC is a Dividend Achiever and has raised its dividend for 25 consecutive years. The yield based on the new payout is 2.64%.
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.
Related Posts
- Five Stocks With A Low Debt To Total Capital
- Dividend Stocks: A Disciplined Approach
- The 2010 Dividend Stock Ideas List
- Best Stocks For 2010
- Finding Low Risk Dividend Stocks
