I couldn’t begin to estimate how many different stocks are traded around the world on the various exchanges. Like everything else, there are many participants, but few players. Though the population of stocks may be large, there are only a precious few that are worthy dividend stocks. Increasing dividends is one attribute that separates the good dividend stocks from the rest.
The best dividend stocks in the world consistently raise their dividends. This week several companies chose to step up and reward their investors with higher cash dividends:
Provident Financial Holdings Inc. (PROV, Financial) provides community banking and mortgage banking services to consumers and small to mid-sized businesses. July 21, the company tripled it dividend to $0.03 per share. The dividend is payable to shareholders of record at the close of business on Aug. 19, 2011, and is payable on September 16, 2011. The yield based on the new payout is 1.4%.
Kinder Morgan Inc. (KMI, Financial) owns and operates energy infrastructure in the United States and Canada. July 20, the company increased its quarterly dividend 1.4% to $0.30 per share. The dividend is payable on Aug. 15, 2011, to shareholders of record as of Aug. 1, 2011. The yield based on the new payout is 4.2%.
ONEOK Inc. (OKE, Financial) is a diversified energy company that operates as a natural gas distributor. On July 20, the company increased its quarterly dividend 8% to $0.56 per share. The dividend is payable Aug. 12, 2011, to shareholders of record at the close of business Aug. 1, 2011. The yield based on the new payout is 3.0%.
Access National Corporation (ANCX, Financial) operates as the bank holding company for Access National Bank that provides commercial credit, deposit, and mortgage services. July 20, the company increased its quarterly dividend 33% to $0.04 per share. The dividend is payable to shareholders of record as of August 4, 2011 and payable on August 25, 2011. This action represents the third consecutive quarter of a dividend increase. The yield based on the new payout is 2.1%.
Tompkins Financial Corporation (TMP, Financial) provides banking and financial services. July 20, the company increased its quarterly dividend 5.9% to $0.36 per share. The dividend is payable on Aug. 15, 2011, to common shareholders of record on August 5, 2011. The yield based on the new payout is 3.6%.
Ryder System Inc. (R, Financial) provides transportation and supply chain management solutions. July 20, the company increased its quarterly dividend 7.4% to $0.29 per share. The dividend is payable on Sept. 16, 2011, to shareholders of record on August 22, 2011. The yield based on the new payout is 1.6%. The yield based on the new payout is 2.0%.
Crosstex Energy L.P. (XTEX, Financial) operates as an independent midstream energy company that engages in the gathering, transmission, processing, and marketing of natural gas and natural gas liquids. July 19, the company increased its quarterly distribution 7% to $0.31 per unit. The distribution is payable August 12 to unitholders of record August 1. The yield based on the new payout is 6.9%.
Nu Skin Enterprises Inc. (NUS, Financial) develops and distributes anti-aging personal care products and nutritional supplements worldwide. July 19, the company increased its quarterly dividend 19% to $0.16 per share. The dividend is payable on Sept. 14, 2011, to shareholders of record as of Aug. 26, 2011. The yield based on the new payout is 1.6%.
AptarGroup Inc. (ATR, Financial) engages in the design, manufacture and sale of consumer product dispensing systems. July 19, the company increased its quarterly dividend 22% to to $0.22 per share. The dividend is payable Aug. 23, 2011, to shareholders of record as of Aug. 2, 2011. The yield based on the new payout is 1.6%.
Bar Harbor Bankshares (BHB, Financial) operates as the holding company for Bar Harbor Bank & Trust that offers various banking products and services to individuals, businesses, not-for-profit organizations and municipalities. July 19, the company increased its quarterly dividend 1.8% to $0.275 per share. The dividend is payable to shareholders of record as of the close of business Aug. 17, 2011, and will be paid on Sept. 15, 2011. The yield based on the new payout is 3.9%.
Gannett Co. Inc. (GCI, Financial) operates as a media and marketing solutions company in the United States and internationally. July 18, the company increased its quarterly dividend 100% to $0.08 per share. The increased quarterly dividend is payable on Oct. 3, 2011, to shareholders of record on Sept. 9, 2011. This dividend represents the 172nd consecutive quarterly dividend paid by the company since it went public in 1967. The yield based on the new payout is 2.4%.
National Retail Properties Inc. (NNN, Financial) is a publicly owned equity real estate investment trust that owns, manages and develops retail properties. July 15, the company increased its quarterly dividend 1.3% to $0.385 per share. The dividend is payable Aug. 15, 2011, to common shareholders of record on July 29, 2011. The yield based on the new payout is 6.1%.
Omega Healthcare Investors Inc. (OHI) operates as a real estate investment trust (REIT) that invests in healthcare facilities, principally long-term healthcare facilities in the United States. July 14th the company increased its quarterly dividend 5.2% to $0.40 per share. The dividend is payable Aug. 15, 2011, to common stockholders of record as of the close of business on Aug. 1, 2011. The yield based on the new payout is 7.6%.
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, NNN. See a list of all my dividend growth holdings here.
Related Posts
- 10 Best U.S. Dividend Stocks
- Three Dividend Stocks With A Perfect Risk Score
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- 11 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income
- 4 Secrets To Finding The Best Dividend Stocks
The best dividend stocks in the world consistently raise their dividends. This week several companies chose to step up and reward their investors with higher cash dividends:
Provident Financial Holdings Inc. (PROV, Financial) provides community banking and mortgage banking services to consumers and small to mid-sized businesses. July 21, the company tripled it dividend to $0.03 per share. The dividend is payable to shareholders of record at the close of business on Aug. 19, 2011, and is payable on September 16, 2011. The yield based on the new payout is 1.4%.
Kinder Morgan Inc. (KMI, Financial) owns and operates energy infrastructure in the United States and Canada. July 20, the company increased its quarterly dividend 1.4% to $0.30 per share. The dividend is payable on Aug. 15, 2011, to shareholders of record as of Aug. 1, 2011. The yield based on the new payout is 4.2%.
ONEOK Inc. (OKE, Financial) is a diversified energy company that operates as a natural gas distributor. On July 20, the company increased its quarterly dividend 8% to $0.56 per share. The dividend is payable Aug. 12, 2011, to shareholders of record at the close of business Aug. 1, 2011. The yield based on the new payout is 3.0%.
Access National Corporation (ANCX, Financial) operates as the bank holding company for Access National Bank that provides commercial credit, deposit, and mortgage services. July 20, the company increased its quarterly dividend 33% to $0.04 per share. The dividend is payable to shareholders of record as of August 4, 2011 and payable on August 25, 2011. This action represents the third consecutive quarter of a dividend increase. The yield based on the new payout is 2.1%.
Tompkins Financial Corporation (TMP, Financial) provides banking and financial services. July 20, the company increased its quarterly dividend 5.9% to $0.36 per share. The dividend is payable on Aug. 15, 2011, to common shareholders of record on August 5, 2011. The yield based on the new payout is 3.6%.
Ryder System Inc. (R, Financial) provides transportation and supply chain management solutions. July 20, the company increased its quarterly dividend 7.4% to $0.29 per share. The dividend is payable on Sept. 16, 2011, to shareholders of record on August 22, 2011. The yield based on the new payout is 1.6%. The yield based on the new payout is 2.0%.
Crosstex Energy L.P. (XTEX, Financial) operates as an independent midstream energy company that engages in the gathering, transmission, processing, and marketing of natural gas and natural gas liquids. July 19, the company increased its quarterly distribution 7% to $0.31 per unit. The distribution is payable August 12 to unitholders of record August 1. The yield based on the new payout is 6.9%.
Nu Skin Enterprises Inc. (NUS, Financial) develops and distributes anti-aging personal care products and nutritional supplements worldwide. July 19, the company increased its quarterly dividend 19% to $0.16 per share. The dividend is payable on Sept. 14, 2011, to shareholders of record as of Aug. 26, 2011. The yield based on the new payout is 1.6%.
AptarGroup Inc. (ATR, Financial) engages in the design, manufacture and sale of consumer product dispensing systems. July 19, the company increased its quarterly dividend 22% to to $0.22 per share. The dividend is payable Aug. 23, 2011, to shareholders of record as of Aug. 2, 2011. The yield based on the new payout is 1.6%.
Bar Harbor Bankshares (BHB, Financial) operates as the holding company for Bar Harbor Bank & Trust that offers various banking products and services to individuals, businesses, not-for-profit organizations and municipalities. July 19, the company increased its quarterly dividend 1.8% to $0.275 per share. The dividend is payable to shareholders of record as of the close of business Aug. 17, 2011, and will be paid on Sept. 15, 2011. The yield based on the new payout is 3.9%.
Gannett Co. Inc. (GCI, Financial) operates as a media and marketing solutions company in the United States and internationally. July 18, the company increased its quarterly dividend 100% to $0.08 per share. The increased quarterly dividend is payable on Oct. 3, 2011, to shareholders of record on Sept. 9, 2011. This dividend represents the 172nd consecutive quarterly dividend paid by the company since it went public in 1967. The yield based on the new payout is 2.4%.
National Retail Properties Inc. (NNN, Financial) is a publicly owned equity real estate investment trust that owns, manages and develops retail properties. July 15, the company increased its quarterly dividend 1.3% to $0.385 per share. The dividend is payable Aug. 15, 2011, to common shareholders of record on July 29, 2011. The yield based on the new payout is 6.1%.
Omega Healthcare Investors Inc. (OHI) operates as a real estate investment trust (REIT) that invests in healthcare facilities, principally long-term healthcare facilities in the United States. July 14th the company increased its quarterly dividend 5.2% to $0.40 per share. The dividend is payable Aug. 15, 2011, to common stockholders of record as of the close of business on Aug. 1, 2011. The yield based on the new payout is 7.6%.
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, NNN. See a list of all my dividend growth holdings here.
Related Posts
- 10 Best U.S. Dividend Stocks
- Three Dividend Stocks With A Perfect Risk Score
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- 11 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income
- 4 Secrets To Finding The Best Dividend Stocks
