Dividend sustainability is paramount for the high-yield investor. Having a stock cut its dividend could potentially crush its income. A high-yield investor is less concerned about dividend growth than maintaining the current high yield. Most traditional dividend growth stocks pay a moderate to low yield, thus sustainability is not enough. The dividend growth investor also expects substantial and consistent growth.
Below are several companies not only sustaining their dividends, but growing them:
YUM! Brands Inc. (YUM, Financial) operates quick service restaurants in the United States and internationally. September 19th the company increased its quarterly dividend 10% to $0.37 per share. The dividend is payable November 1, 2013 to shareholders of record at the close of business on October 11, 2013. The yield based on the new payout is 2.1%.
Texas Instruments Inc. (TXN, Financial) engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. September 19th the company increased its quarterly dividend 7% to $0.30 per share. The dividend is payable November 18, 2013, to stockholders of record on October 31, 2013. The yield based on the new payout is 3.9%.
W. P. Carey Inc. (WPC, Financial) is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. September 19th the company increased its quarterly dividend 2.4% to $0.86 per share. The dividend is payable October 15, 2013 to stockholders of record as of September 30, 2013. The yield based on the new payout is 5.2%.
IDACORP Inc. (IDA, Financial) Idaho Power Company, engages in the generation, transmission, distribution, sale, and purchase of electric energy in the United States. Sept. 19, the company increased its quarterly dividend 13.2% to $0.43 per share. The dividend is payable Dec. 2, 2013 to IDACORP shareholders of record on Nov. 6, 2013. The yield based on the new payout is 3.6%.
The First of Long Island Corporation (FLIC, Financial) operates as a bank holding company for The First National Bank of Long Island that provides financial services. Sept. 19, the company increased its quarterly dividend 4% to $0.26 per share. The dividend is payable Oct. 11, 2013 to shareholders of record on October 3, 2013. The yield based on the new payout is 2.7%.
McDonald’s Corporation (MCD, Financial) franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada and Latin America. Sept. 18, the company increased its quarterly dividend 5% to $0.81 per share. The dividend is payable Dec. 16, 2013, to shareholders of record at the close of business on Dec. 2, 2013. The yield based on the new payout is 3.3%.
Scholastic Corporation (SCHL, Financial) operates as a children’s publishing, education, and media company in the United States and internationally. Sept. 18, the company increased its dividend 20% to $0.15 per share. The dividend is payable Dec. 16, 2013 to all shareholders of record as of the close of business on Oct. 31, 2013. The yield based on the new payout is 2.0%.
Microsoft Corporation (MSFT, Financial) develops, licenses, and supports software, services, and hardware devices worldwide. September 17th the company increased its quarterly dividend 22.7% to $0.28 per share. The dividend is payable Dec. 12, 2013, to shareholders of record on Nov. 21, 2013. The ex-dividend date will be Nov. 19, 2013. The yield based on the new payout is 3.4%.
Air Industries Group Inc. (AIRI, Financial), an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. Sept. 17, the company increased its quarterly dividend 100% to $0.125 per share. The dividend is is payable Oct. 15, 2013 to shareholders of record as of the close of business on Sept. 30, 2013. The yield based on the new payout is 6.9%.
Artesian Resources Corporation (ARTNA, Financial) provides water, wastewater, and other services on the Delmarva Peninsula. Sept. 17, the company increased its quarterly dividend 1.5% to $0.2088. The dividend is payable Nov. 22, 2013 to shareholders of record at the close of business on Nov. 8, 2013. The yield based on the new payout is 3.8%.
Host Hotels & Resorts Inc. (HST, Financial) is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. Sept. 16, the company increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable on Oct. 15, 2013, to stockholders of record on Sept. 30, 2013. The yield based on the new payout is 2.6%.
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 MCD, MSFT in my Dividend Growth Stock portfolio. See a list of all my dividend growth holdings here.
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- 6 High-Yield REITs With Growing Dividends
Below are several companies not only sustaining their dividends, but growing them:
YUM! Brands Inc. (YUM, Financial) operates quick service restaurants in the United States and internationally. September 19th the company increased its quarterly dividend 10% to $0.37 per share. The dividend is payable November 1, 2013 to shareholders of record at the close of business on October 11, 2013. The yield based on the new payout is 2.1%.
Texas Instruments Inc. (TXN, Financial) engages in the design, manufacture, sale of semiconductors to electronics designers and manufacturers worldwide. September 19th the company increased its quarterly dividend 7% to $0.30 per share. The dividend is payable November 18, 2013, to stockholders of record on October 31, 2013. The yield based on the new payout is 3.9%.
W. P. Carey Inc. (WPC, Financial) is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. September 19th the company increased its quarterly dividend 2.4% to $0.86 per share. The dividend is payable October 15, 2013 to stockholders of record as of September 30, 2013. The yield based on the new payout is 5.2%.
IDACORP Inc. (IDA, Financial) Idaho Power Company, engages in the generation, transmission, distribution, sale, and purchase of electric energy in the United States. Sept. 19, the company increased its quarterly dividend 13.2% to $0.43 per share. The dividend is payable Dec. 2, 2013 to IDACORP shareholders of record on Nov. 6, 2013. The yield based on the new payout is 3.6%.
The First of Long Island Corporation (FLIC, Financial) operates as a bank holding company for The First National Bank of Long Island that provides financial services. Sept. 19, the company increased its quarterly dividend 4% to $0.26 per share. The dividend is payable Oct. 11, 2013 to shareholders of record on October 3, 2013. The yield based on the new payout is 2.7%.
McDonald’s Corporation (MCD, Financial) franchises and operates McDonald's restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada and Latin America. Sept. 18, the company increased its quarterly dividend 5% to $0.81 per share. The dividend is payable Dec. 16, 2013, to shareholders of record at the close of business on Dec. 2, 2013. The yield based on the new payout is 3.3%.
Scholastic Corporation (SCHL, Financial) operates as a children’s publishing, education, and media company in the United States and internationally. Sept. 18, the company increased its dividend 20% to $0.15 per share. The dividend is payable Dec. 16, 2013 to all shareholders of record as of the close of business on Oct. 31, 2013. The yield based on the new payout is 2.0%.
Microsoft Corporation (MSFT, Financial) develops, licenses, and supports software, services, and hardware devices worldwide. September 17th the company increased its quarterly dividend 22.7% to $0.28 per share. The dividend is payable Dec. 12, 2013, to shareholders of record on Nov. 21, 2013. The ex-dividend date will be Nov. 19, 2013. The yield based on the new payout is 3.4%.
Air Industries Group Inc. (AIRI, Financial), an aerospace and defense company, designs and manufactures structural parts and assemblies that focus on flight safety. Sept. 17, the company increased its quarterly dividend 100% to $0.125 per share. The dividend is is payable Oct. 15, 2013 to shareholders of record as of the close of business on Sept. 30, 2013. The yield based on the new payout is 6.9%.
Artesian Resources Corporation (ARTNA, Financial) provides water, wastewater, and other services on the Delmarva Peninsula. Sept. 17, the company increased its quarterly dividend 1.5% to $0.2088. The dividend is payable Nov. 22, 2013 to shareholders of record at the close of business on Nov. 8, 2013. The yield based on the new payout is 3.8%.
Host Hotels & Resorts Inc. (HST, Financial) is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. Sept. 16, the company increased its quarterly dividend 9.1% to $0.12 per share. The dividend is payable on Oct. 15, 2013, to stockholders of record on Sept. 30, 2013. The yield based on the new payout is 2.6%.
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 MCD, MSFT in my Dividend Growth Stock portfolio. See a list of all my dividend growth holdings here.
Related Posts
- 8 Industrial Strength Stocks With Dividend Growth
- 6 Dividend Stocks To Beat The Wall Street Giants
- First Quarter 2013: Top And Bottom Performing Dividend Stocks
- A Disciplined Approach To Dividend Stocks
- 6 High-Yield REITs With Growing Dividends
