9 Stocks Taking The Next Step With Higher Cash Dividends

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Includes: LSI, MOV, MWA, NDAQ, OMC, OZRK, PUSH, SKT, TJX
by: Dividends4Life

Summary

Cash is king for the dividend growth investor.

To succeed as a dividend investor, you must find companies that can sustain and grow dividends by focusing on their ability to generate cash.

Below are several stocks using real cash to raise their dividends.

Are you looking for companies that can sustain and grow their dividend? In making that determination, a company's Statement of Earnings is one of the last places you should look. Cash is king for the dividend growth investor and the Statement of Cash Flows is where astute investors begin when they want to understand the viability of a company. To succeed as a dividend investor, you must find companies that can sustain and grow dividends by focusing on their ability to generate cash. You can fake earnings, but you can't fake cash.

Below are several stocks using real cash to raise their dividends:

Tanger Factory Outlet Centers, Inc. (NYSE:SKT) is a real estate investment trust focused on developing, acquiring, owning, operating, and managing outlet shopping centers. April 7th the company increased its quarterly dividend 14% to $0.325 per share. The dividend is payable May 13, 2016 to stockholders of record on April 29, 2016, with an ex-dividend date of April 27, 2016. The yield based on the new payout is 3.6%.

Sovran Self Storage, Inc. (SSS) is a real estate investment trust that engages in the acquisition, ownership, and management of self-storage properties in the United States. April 2nd the company increased its quarterly dividend 12% to $0.95 per share. The dividend is payable April 26, 2016 to stockholders of record on April 14, 2016, with an ex-dividend date of April 12, 2016. The yield based on the new payout is 3.3%.

Omnicom Group Inc. (NYSE:OMC) provides advertising, marketing, and corporate communications services. April 1st the company increased its quarterly dividend 10% to $0.55 per share. The dividend is expected to be payable July. The yield based on the new payout is 2.6%.

Bank of the Ozarks, Inc. (NASDAQ:OZRK) operates as a bank holding company for Bank of the Ozarks that provides various banking products and services. April 1st the company increased its quarterly dividend 3.3% to $0.155 per share. The dividend is payable April 22, 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 1.5%.

Publix Super Markets, Inc. (OTC:PUSH) operates retail food supermarkets. April 1st the company increased its quarterly dividend 11% to $0.2225 per share. The dividend is payable May 2, 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 4.5%.

Nasdaq, Inc. (NASDAQ:NDAQ) provides trading, clearing, exchange technology, regulatory, securities listing, information, and public company services worldwide. March 31st the company increased its quarterly dividend 28% to $0.32 per share. The dividend is payable June 24, 2016 to stockholders of record on June 10, 2016, with an ex-dividend date of June 8, 2016. The yield based on the new payout is 2.0%.

Mueller Water Products, Inc. (NYSE:MWA) manufactures and markets products and services for the use in transmission, distribution, and measurement of water in the United States, Canada, China, and Australia. March 31st the company increased its quarterly dividend 50% to $0.03 per share. The dividend is payable May 20, 2016 to stockholders of record on May 10, 2016, with an ex-dividend date of May 6, 2016. The yield based on the new payout is 1.2%.

Movado Group, Inc. (NYSE:MOV) designs, sources, markets, and distributes fine watches in the United States and internationally. March 31st the company increased its quarterly dividend 18% to $0.13 per share. The dividend is payable April 26, 2016 to stockholders of record on April 12, 2016, with an ex-dividend date of April 8, 2016. The yield based on the new payout is 1.7%.

The TJX Companies, Inc. (NYSE:TJX) operates as an off-price apparel and home fashions retailer in the United States and internationally. March 29th the company increased its quarterly dividend 24% to $0.26 per share. The dividend is payable June 2, 2016 to stockholders of record on May 12, 2016, with an ex-dividend date of May 10, 2016. The yield based on the new payout is 1.3%.

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 stocks. 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.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.