10 Stocks Not Missing Their Opportunity To Raise Dividends

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Includes: BAH, CNI, HBI, HCN, HEP, INTC, MMP, PII, SUN, WES
by: Dividends4Life

Summary

A successful dividend growth strategy takes time. Unfortunately, many income investors don't have the luxury of time and must focus on high-yield investments.

For those with time, a solid long-term strategy focusing on quality stocks that grow their dividends will treat them well in their retirement years.

Below are several companies that did not miss this opportunity to increase their cash dividends.

At some point in the future will we look back at our actions today and refer to them as our greatest missed opportunity? A successful dividend growth strategy takes time. Unfortunately, many income investors don't have the luxury of time on their side and must focus on high-yield investments to meet current expenses. These high-yield investments are often accompanied by high risk. For those with time, a solid long-term strategy focusing on quality stocks that grow their dividends will treat them well in their retirement years.

Welltower Inc. (NYSE:HCN) is an independent equity real estate investment trust. The firm engages in acquiring, planning, developing, managing, repositioning and monetizing of real estate assets. January 28th the company increased its quarterly dividend 4.2% to $0.86 per share. The dividend is payable February 22, 2016 to stockholders of record on February 9, 2016, with an ex-dividend date of February 5, 2016. The yield based on the new payout is 5.7%.

Polaris Industries Inc. (NYSE:PII) designs, engineers, manufactures, and markets off-road vehicles, snowmobiles, motorcycles, and small vehicles primarily in the United States, Canada, Western Europe, Australia, and Mexico. January 28th the company increased its quarterly dividend 4% to $0.55 per share. The dividend is payable March 15, 2016 to stockholders of record on March 1, 2016, with an ex-dividend date of February 26, 2016. The yield based on the new payout is 3.2%.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) provides management consulting, technology, and engineering services to corporations, institutions, not-for-profit organizations and the U.S. government. January 27th the company increased its quarterly dividend 15% to $0.15 per share. The dividend is payable February 29, 2016 to stockholders of record on February 10, 2016, with an ex-dividend date of February 8, 2016. The yield based on the new payout is 2.0%.

Magellan Midstream Partners, L.P. (NYSE:MMP) engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. January 26th the partnership increased its quarterly distribution 3% to $0.785 per unit. The distribution is payable February 12, 2016 to unitholders of record on February 5, 2016, with an ex-dividend date of February 3, 2016. The yield based on the new payout is 5.1%.

Canadian National Railway Company (NYSE:CNI) engages in rail and related transportation business in North America. January 26th the company increased its quarterly dividend 20% to C$0.375 per share. The dividend is payable March 31, 2016 to stockholders of record on March 10, 2016, with an ex-dividend date of March 8, 2016. The yield based on the new payout is 2.1%.

Hanesbrands Inc. (NYSE:HBI), a consumer goods company, designs, manufactures, sources, and sells a range of basic apparels for men, women, and children in the United States. January 26th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable March 8, 2016 to stockholders of record on February 16, 2016, with an ex-dividend date of February 11, 2016. The yield based on the new payout is 1.5%.

Sunoco LP (NYSE:SUN) engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia, and Hawaii. January 26th the partnership increased its quarterly distribution 7.5% to $0.8013 per unit. The distribution is payable February 16, 2016 to unitholders of record on February 5, 2016, with an ex-dividend date of February 3, 2016. The yield based on the new payout is 9.9%.

Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells integrated digital technology platforms worldwide. January 22nd the company increased its quarterly dividend 8.3% to $0.26 per share. The dividend is payable March 1, 2016 to stockholders of record on February 7, 2016, with an ex-dividend date of February 3, 2016. The yield based on the new payout is 3.5%.

Western Gas Partners, LP (NYSE:WES) owns, operates, acquires, and develops midstream energy assets in the Rocky Mountains, the Mid-Continent, North-central Pennsylvania, and Texas. January 22nd the partnership increased its quarterly distribution 3.2% to $0.80 per unit. The distribution is payable February 11, 2016 to unitholders of record on February 1, 2016, with an ex-dividend date of January 28, 2016. The yield based on the new payout is 10%.

Holly Energy Partners, LP (NYSE:HEP) owns and operates petroleum product and crude pipelines, storage tanks, distribution terminals, and loading rack facilities. January 22nd the partnership increased its quarterly distribution 1.8% to $0.565 per unit. The distribution is payable February 12, 2016 to unitholders of record on February 2, 2016, with an ex-dividend date of January 29, 2016. The yield based on the new payout is 8.9%.

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.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.