Any income investor will tell you that it is important for a company to sustain its dividend. However, as an investor in dividend growth stocks, it is not enough to simply sustain the dividend – we want to own companies that are capable of sustained dividend growth. Needless to say, this is a little more difficult to accomplish, but well-worth the time to find companies that can deliver on this expectation.
Below are several companies growing their dividend and sending more cash to their shareholders:
Union Pacific Corporation (UNP, Financial) Union Pacific Railroad Company, provides rail transportation services in North America. August 1, the company increased its quarterly dividend 14.5% to $0.79 per share. The dividend is payable Oct. 1, 2013, to shareholders of record Aug. 30, 2013. The yield based on the new payout is 2.0%.
Marathon Oil Corporation (MRO, Financial) operates as an energy company worldwide. August 1st the company increased its quarterly dividend 12% to $0.19 per share. The dividend is payable on Sept. 10, 2013, to stockholders of record on Aug. 21, 2013. The yield based on the new payout is 2.0%.
Symetra Financial Corporation (SYA, Financial) provides group and life insurance products and retirement products in the United States and the District of Columbia. August 1st the company increased its quarterly dividend 13% to $0.09 per share. The dividend is payable Aug. 30, 2013 to shareholders of record as of the close of business on Aug. 15, 2013. The yield based on the new payout is 2.0%.
Simulations Plus Inc. (SLP, Financial) designs and develops pharmaceutical simulation software for use in the pharmaceutical research and in the education of pharmacy and medical students. July 27, the company increased its quarterly dividend 50% to $0.03 per share. The dividend is payable Aug. 15, 2013, for shareholders of record as of Monday, Aug. 12, 2013. The yield based on the new payout is 2.6%.
Nielsen Holdings NV (NLSN, Financial), an information and measurement company, provides media and marketing information, analytics, and industry expertise about what consumers buy and watch on a global and local basis. July 27, the company increased its quarterly dividend 25% to $0.20 per share. The dividend is payable Sept. 11, 2013 to holders of record of shares of our common stock on Aug. 28, 2013. The yield based on the new payout is 2.4%.
Holly Energy Partners LP (HEP, Financial) operates petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. July 26, the partnership increased its quarterly distribution 1.6% to $0.485 per unit. The distribution is payable Aug. 14, 2013 to unitholders of record on Aug. 5, 2013. The yield based on the new payout is 5.0%.
PetMed Express Inc. (PETS, Financial) doing business as 1-800-PetMeds, operates as a pet pharmacy in the U.S. July 26, the company increased its quarterly dividend 13% to $0.17 per share. The dividend is payable on Aug. 23, 2013, to shareholders of record at the close of business on Aug. 12, 2013. The yield based on the new payout is 4.1%.
Alliance Holdings GP LP (AHGP, Financial) produces and markets coal primarily to utilities and industrial users in the U.S. It produces a range of steam coals with varying sulfur and heat contents. July 26, the the company increased its quarterly distribution 3.0% to $0.785 per unit. The distribution is payable Aug. 19, 2013 to unitholders of record as of the close of trading on Aug. 12, 2013. The yield based on the new payout is 5.1%.
West Bancorporation Inc. (WTBA, Financial) operates as the bank holding company for West Bank that provides community banking and trust services primarily in the Des Moines and Iowa City, Iowa metropolitan areas. July 26, the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable on Aug. 27, 2013, to shareholders of record on Aug. 7, 2013. The yield based on the new payout is 3.2%.
Access Midstream Partners LP (ACMP, Financial) owns, operates, develops and acquires natural gas, natural gas liquids and oil gathering systems and other midstream energy assets in the U.S. July 26, the company increased its quarterly distribution 3.7% to $0.485 per unit. The distribution is payable Aug. 14, 2013 to all unitholders of record at the close of business on Aug. 7, 2013. The yield based on the new payout is 4.1%.
Alliance Resource Partners LP (ARLP, Financial) engages in the production and marketing of coal primarily to utilities and industrial users in the U.S. July 26, the partnership increased its quarterly distribution 2.0% to $1.1525 per unit. The distribution is payable Aug. 14, 2013 to all unitholders of record as of the close of trading on Aug. 7, 2013. The yield based on the new payout is 6.0%.
B&G Foods Inc. (BGS) engage in the manufacture, sale, and distribution of shelf-stable foods and household products. July 25, the company increased its quarterly dividend 10.3% to $0.32 per share of common stock. The dividend is payable on Oct. 30, 2013, to shareholders of record as of Septe. 30, 2013. The yield based on the new payout is 3.7%.
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: No position in the aforementioned securities. See a list of all my dividend growth holdings here.
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- A Disciplined Approach To Dividend Stocks
- 6 High-Yield REITs With Growing Dividends
- International Diversification May Be Closer than You Think
- 10 Dividend Stocks With A 10% Yield In 10 Years
- Free Cash Flow Payout vs. Dividend Payout
Below are several companies growing their dividend and sending more cash to their shareholders:
Union Pacific Corporation (UNP, Financial) Union Pacific Railroad Company, provides rail transportation services in North America. August 1, the company increased its quarterly dividend 14.5% to $0.79 per share. The dividend is payable Oct. 1, 2013, to shareholders of record Aug. 30, 2013. The yield based on the new payout is 2.0%.
Marathon Oil Corporation (MRO, Financial) operates as an energy company worldwide. August 1st the company increased its quarterly dividend 12% to $0.19 per share. The dividend is payable on Sept. 10, 2013, to stockholders of record on Aug. 21, 2013. The yield based on the new payout is 2.0%.
Symetra Financial Corporation (SYA, Financial) provides group and life insurance products and retirement products in the United States and the District of Columbia. August 1st the company increased its quarterly dividend 13% to $0.09 per share. The dividend is payable Aug. 30, 2013 to shareholders of record as of the close of business on Aug. 15, 2013. The yield based on the new payout is 2.0%.
Simulations Plus Inc. (SLP, Financial) designs and develops pharmaceutical simulation software for use in the pharmaceutical research and in the education of pharmacy and medical students. July 27, the company increased its quarterly dividend 50% to $0.03 per share. The dividend is payable Aug. 15, 2013, for shareholders of record as of Monday, Aug. 12, 2013. The yield based on the new payout is 2.6%.
Nielsen Holdings NV (NLSN, Financial), an information and measurement company, provides media and marketing information, analytics, and industry expertise about what consumers buy and watch on a global and local basis. July 27, the company increased its quarterly dividend 25% to $0.20 per share. The dividend is payable Sept. 11, 2013 to holders of record of shares of our common stock on Aug. 28, 2013. The yield based on the new payout is 2.4%.
Holly Energy Partners LP (HEP, Financial) operates petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. July 26, the partnership increased its quarterly distribution 1.6% to $0.485 per unit. The distribution is payable Aug. 14, 2013 to unitholders of record on Aug. 5, 2013. The yield based on the new payout is 5.0%.
PetMed Express Inc. (PETS, Financial) doing business as 1-800-PetMeds, operates as a pet pharmacy in the U.S. July 26, the company increased its quarterly dividend 13% to $0.17 per share. The dividend is payable on Aug. 23, 2013, to shareholders of record at the close of business on Aug. 12, 2013. The yield based on the new payout is 4.1%.
Alliance Holdings GP LP (AHGP, Financial) produces and markets coal primarily to utilities and industrial users in the U.S. It produces a range of steam coals with varying sulfur and heat contents. July 26, the the company increased its quarterly distribution 3.0% to $0.785 per unit. The distribution is payable Aug. 19, 2013 to unitholders of record as of the close of trading on Aug. 12, 2013. The yield based on the new payout is 5.1%.
West Bancorporation Inc. (WTBA, Financial) operates as the bank holding company for West Bank that provides community banking and trust services primarily in the Des Moines and Iowa City, Iowa metropolitan areas. July 26, the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable on Aug. 27, 2013, to shareholders of record on Aug. 7, 2013. The yield based on the new payout is 3.2%.
Access Midstream Partners LP (ACMP, Financial) owns, operates, develops and acquires natural gas, natural gas liquids and oil gathering systems and other midstream energy assets in the U.S. July 26, the company increased its quarterly distribution 3.7% to $0.485 per unit. The distribution is payable Aug. 14, 2013 to all unitholders of record at the close of business on Aug. 7, 2013. The yield based on the new payout is 4.1%.
Alliance Resource Partners LP (ARLP, Financial) engages in the production and marketing of coal primarily to utilities and industrial users in the U.S. July 26, the partnership increased its quarterly distribution 2.0% to $1.1525 per unit. The distribution is payable Aug. 14, 2013 to all unitholders of record as of the close of trading on Aug. 7, 2013. The yield based on the new payout is 6.0%.
B&G Foods Inc. (BGS) engage in the manufacture, sale, and distribution of shelf-stable foods and household products. July 25, the company increased its quarterly dividend 10.3% to $0.32 per share of common stock. The dividend is payable on Oct. 30, 2013, to shareholders of record as of Septe. 30, 2013. The yield based on the new payout is 3.7%.
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: No position in the aforementioned securities. See a list of all my dividend growth holdings here.
Related Posts
- A Disciplined Approach To Dividend Stocks
- 6 High-Yield REITs With Growing Dividends
- International Diversification May Be Closer than You Think
- 10 Dividend Stocks With A 10% Yield In 10 Years
- Free Cash Flow Payout vs. Dividend Payout
