13 Stocks Giving Their Shareholders More Cash With Higher Dividends

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Includes: CAFD, O, PBA, PDCO, PEB, PLCE, RESI, RTN, SEE, STLD, UDR, WPC, WSM
by: Dividends4Life

Summary

In a market downturn stocks with a sustainable dividend provide a minimum level of positive return.

Even better, great dividend companies not only sustain their dividends in a downturn - they actually raise them.

Below are several stocks displaying confidence in the future by increasing their cash dividends.

Dividend stocks are sometimes referred to as defensive stocks since many investors flee to them in an economic downturn. Their dividends, if sustainable, provide a minimum level of positive return. This cushions the downward pressure from the market. Better yet, great dividend companies not only sustain their dividends in a downturn - they actually raise them.

Below are several stocks displaying confidence in the future by increasing their cash dividends:

Raytheon Company (NYSE:RTN) develops technologically integrated products, services, and solutions worldwide. March 24th the company increased its quarterly dividend 9.3% to $0.7325 per share. The dividend is payable May 12, 2016 to stockholders of record on April 6, 2016, with an ex-dividend date of April 4, 2016. The yield based on the new payout is 2.4%.

Altisource Residential Corporation (NYSE:RESI) focuses on acquiring, owning, and managing single-family rental properties in the United States. March 24th the company increased its quarterly dividend 50% to $0.15 per share. The dividend is payable April 14, 2016 to stockholders of record on April 4, 2016, with an ex-dividend date of March 31, 2016. The yield based on the new payout is 5.3%.

8point3 Energy Partners LP (NASDAQ:CAFD) acquires, owns, operates, and solar energy generation projects. March 24th the partnership increased its quarterly distribution 3.5% to $0.2246 per unit. The distribution is payable April 14, 2016 to unitholders of record on April 5, 2016, with an ex-dividend date of April 1, 2016. The yield based on the new payout is 6.5%.

UDR, Inc. (NYSE:UDR) is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities. March 24th the company increased its quarterly dividend 6.3% to $0.295 per share. The dividend is payable May 2, 2016 to stockholders of record on April 11, 2016, with an ex-dividend date of April 7, 2016. The yield based on the new payout is 3.2%.

Realty Income Corporation (NYSE:O) is a publicly traded real estate investment trust investing in commercial real estate. March 21st the company increased its monthly dividend 0.3% to $0.199 per share. The dividend is payable April 15, 2016 to stockholders of record on April 1, 2016, with an ex-dividend date of March 30, 2016. The yield based on the new payout is 3.9%.

W. P. Carey Inc. (NYSE:WPC) is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. March 21st the company increased its quarterly dividend 1% to $0.9742 per share. The dividend is payable April 15, 2016 to stockholders of record on March 31, 2016, with an ex-dividend date of March 29, 2016. The yield based on the new payout is 6.4%.

Sealed Air Corporation (NYSE:SEE) provides food safety and security, facility hygiene, and product protection solutions worldwide. March 21st the company increased its quarterly dividend 23% to $0.16 per share. The dividend is payable June 17, 2016 to stockholders of record on June 3, 2016, with an ex-dividend date of June 1, 2016. The yield based on the new payout is 1.4%.

Pembina Pipeline Corporation (NYSE:PBA) provides transportation and midstream services for the energy industry in North America. March 17th the company increased its monthly dividend 4.9% to C$0.16 per share. The dividend is payable May 13, 2016 to stockholders of record on April 25, 2016, with an ex-dividend date of April 21, 2016. The yield based on the new payout is 5.4%.

Steel Dynamics, Inc. (NASDAQ:STLD) manufactures and sells steel products; processes and sells recycled ferrous and nonferrous metals; and fabricates and sells steel joist and deck products in the United States and internationally. March 16th the company increased its quarterly dividend 1.8% to $0.14 per share. The dividend is payable April 8, 2016 to stockholders of record on March 31, 2016, with an ex-dividend date of March 29, 2016. The yield based on the new payout is 2.7%.

Williams-Sonoma Inc. (NYSE:WSM) operates as a multi-channel specialty retailer of home products. March 16th the company increased its quarterly dividend 6% to $0.37 per share. The dividend is payable May 27, 2016 to stockholders of record on April 29, 2016, with an ex-dividend date of April 29, 2016. The yield based on the new payout is 2.5%.

Patterson Companies, Inc. (NASDAQ:PDCO) distributes dental, veterinary, and rehabilitation supplies. March 15th the company increased its quarterly dividend 9% to $0.24 per share. The dividend is payable April 29, 2016 to stockholders of record on April 15, 2016, with an ex-dividend date of April 13, 2016. The yield based on the new payout is 2.2%.

Pebblebrook Hotel Trust (NYSE:PEB) operates as a real estate investment trust investing primarily in hotel properties located in the United States. March 15th the company increased its quarterly dividend 23% to $0.38 per share. The dividend is payable April 15, 2016 to stockholders of record on March 31, 2016, with an ex-dividend date of March 29, 2016. The yield based on the new payout is 5.6%.

The Children's Place, Inc. (NASDAQ:PLCE) operates as a children's specialty apparel retailer selling apparel, accessories, footwear, and other items for children. March 15th the company increased its quarterly dividend 33% to $0.20 per share. The dividend is payable April 28, 2016 to stockholders of record on April 7, 2016, with an ex-dividend date of April 5, 2016. The yield based on the new payout is 1.1%.

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.

Full Disclosure: Long O, RTN in my Dividend Growth Portfolio.

Disclosure: I am/we are long O, RTN.

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.