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Summary

  • Time is a powerful force, with it we can overcome poor choices, poor timing and bad decisions.
  • When it comes to building retirement income, look for stocks that consistently increase their dividends year after year.
  • Below are several stocks building future gratification with increased cash dividends:

Most good things are worth waiting for. If you are to establish a long-term relationship with a stock, it better be a quality stock. Time is a powerful force, with it we can overcome poor choices, poor timing and bad decisions. Without it, we immediately are forced to pay for our indiscretions. When it comes to building retirement income, look for stocks that consistently increase their dividends year after year.

Below are several stocks building future gratification with higher cash dividends:

Marathon Oil Corporation (NYSE:MRO) operates as an energy company worldwide. July 30th the company increased its quarterly dividend 10.5% to $0.21 per share. The dividend is payable September 10, 2014 to stockholders of record on August 20, 2014. The yield based on the new payout is 2.2%.

Valero Energy Corporation (NYSE:VLO) operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. July 29th the company increased its quarterly dividend 10% to $0.275 per share. The dividend is payable September 17, 2014 to stockholders of record on August 20, 2014. The yield based on the new payout is 2.2%.

Community Trust Bancorp, Inc. (NASDAQ:CTBI) provides commercial and personal banking, and trust and wealth management services to small and mid-sized communities. July 29th the company increased its quarterly dividend 3.4% to $0.30 per share. The dividend is payable October 1, 2014 to stockholders of record on September 15, 2014. The yield based on the new payout is 3.4%.

Kellogg Company (NYSE:K) manufactures and markets ready-to-eat cereal and convenience food products primarily in the United States and the United Kingdom. July 24th the company increased its quarterly dividend 6.5% to $0.49 per share. The dividend is payable September 15, 2014 to stockholders of record on September 2, 2014. The yield based on the new payout is 3.0%.

Simon Property Group, Inc. (NYSE:SPG) is an equity real estate investment trust. The firm invests in the real estate markets across the globe. July 24th the company increased its quarterly dividend 6.4% to $1.30 per share. The dividend is payable August 29, 2014 to stockholders of record on August 15, 2014. The yield based on the new payout is 3.8%.

Altera Corporation (NASDAQ:ALTR) designs, manufactures and sells programmable logic devices, HardCopy application-specific integrated circuit devices, power system-on-chip devices, pre-defined design building blocks and proprietary development software. July 24th the company increased its quarterly dividend 20% to $0.18 per share. The dividend is payable September 2, 2014 to stockholders of record on August 11, 2014. The yield based on the new payout is 2.15%.

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 CTBI in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.

Disclosure: The author is long CTBI. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it. The author has no business relationship with any company whose stock is mentioned in this article.

Source: 6 Stocks Building Value With Increased Dividends