13 Stocks Sending More Cash To Shareholders With Increased Dividends

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Includes: CB, CLX, CTWS, GNTX, GPI, JPM, KEY, LEG, LUV, LYB, MMC, MPW, NOC
by: Dividends4Life

Summary

All investments involve risk. A federally insured CD or money market too may not even be covering inflation. Growth stocks don't always grow.

The astute conservative investor turns to solid dividend-paying stocks with a track record of growing their dividends each year.

Below are several companies that have recently elected to send more cash to their shareholders in the form of increased dividends.

If your goal is to accumulate wealth for a comfortable retirement, then there is no risk-free path. Throughout time, every angle has been tried and failed. What appears to be a safe investment in a federally insured CD or money market may not even be covering inflation. Growth stocks don't always grow. The astute conservative investor turns to solid dividend-paying stocks with a track record of growing their dividends each year.

Below are several companies that have recently elected to send more cash to their shareholders in the form of increased dividends:

KeyCorp (NYSE:KEY) operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate and institutional clients in the United States. On May 19th, the company increased its quarterly dividend by 13% to $0.085 per share. The dividend is payable on June 15, 2016 to stockholders of record as on May 31, 2016, with an ex-dividend date of May 26, 2016. The yield based on the new payout is 2.7%.

Medical Properties Trust, Inc. (NYSE:MPW) operates as a real estate investment trust (REIT) acquiring, developing and investing in healthcare facilities. On May 19th, the company increased its quarterly dividend by 4.5% to $0.23 per share. The dividend is payable on July 14, 2016 to stockholders of record as on June 16, 2016, with an ex-dividend date of June 14, 2016. The yield based on the new payout is 6.7%.

Chubb Ltd. (NYSE:CB) engages in the provision of insurance business. It provides a range of insurance solutions including commercial, personal property, casualty, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse clients. On May 19th, the company increased its quarterly dividend by 3% to $0.69 per share. The dividend is payable on July 21, 2016 to stockholders of record as on June 30, 2016, with an ex-dividend date of June 28, 2016. The yield based on the new payout is 2.2%.

Gentex Corporation (NASDAQ:GNTX) designs, develops, manufactures and markets electro-optical products for the automotive, commercial building and aircraft industries primarily in the United States, Germany and Japan. On May 19th, the company increased its quarterly dividend 5.9% to $0.09 per share. The dividend is payable on July 20, 2016 to stockholders of record as on July 7, 2016, with an ex-dividend date of July 5, 2016. The yield based on the new payout is 2.3%.

Marsh & McLennan Companies, Inc. (NYSE:MMC), a professional services firm, provides advice and solutions in the areas of risk, strategy and people worldwide. On May 19th, the company increased its quarterly dividend by 9.7% to $0.34 per share. The dividend is payable on August 15, 2016 to stockholders of record as on July 11, 2016, with an ex-dividend date of July 7, 2016. The yield based on the new payout is 2.1%.

Southwest Airlines Co. (NYSE:LUV) operates passenger airlines that provide scheduled air transportation services in the United States and near international markets. On May 18th, the company increased its quarterly dividend by 33% to $0.10 per share. The dividend is payable on June 29, 2016 to stockholders of record as on June 8, 2016, with an ex-dividend date of June 8, 2016. The yield based on the new payout is 0.9%.

Group 1 Automotive, Inc. (NYSE:GPI) operates in the automotive retail industry. On May 18th, the company increased its quarterly dividend by 4.5% to $0.23 per share. The dividend is payable on June 15, 2016 to stockholders of record as on June 1, 2016, with an ex-dividend date of May 27, 2016. The yield based on the new payout is 1.5%.

JPMorgan Chase & Co. (NYSE:JPM) operates as a financial services company worldwide. It operates through the Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management segments. On May 17th, the company increased its quarterly dividend by 9.1% to $0.48 per share. The dividend is payable on July 31, 2016 to stockholders of record as on July 6, 2016, with an ex-dividend date of July 1, 2016. The yield based on the new payout is 3.1%.

The Clorox Company (NYSE:CLX) manufactures and markets consumer and professional products worldwide. On May 17th, the company increased its quarterly dividend by 3.9% to $0.80 per share. The dividend is payable on August 12, 2016 to stockholders of record as on July 27, 2016, with an ex-dividend date of July 25, 2016. The yield based on the new payout is 2.4%.

Northrop Grumman Corporation (NYSE:NOC), a security company, provides systems, products and solutions in the aerospace, electronics, information systems and technical service areas to government and commercial customers worldwide. On May 17th, the company increased its quarterly dividend by 12% to $0.90 per share. The dividend is payable on June 22, 2016 to stockholders of record as on June 6, 2016, with an ex-dividend date of June 2, 2016. The yield based on the new payout is 1.7%.

Leggett & Platt, Incorporated (NYSE:LEG) designs and produces various engineered components and products worldwide. On May 17th, the company increased its quarterly dividend by 6.3% to $0.34 per share. The dividend is payable on July 15, 2016 to stockholders of record as on June 15, 2016, with an ex-dividend date of June 13, 2016. The yield based on the new payout is 2.8%.

LyondellBasell Industries N.V. (NYSE:LYB) operates as a manufacturer of chemicals and polymers, refiner of crude oil, producer of gasoline blending components and developer and licensor of technologies for production of polymers. On May 13th, the company increased its quarterly dividend by 9% to $0.85 per share. The dividend is payable on June 7, 2016 to stockholders of record as on May 24, 2016, with an ex-dividend date of May 20, 2016. The yield based on the new payout is 4.2%.

Connecticut Water Service, Inc. (NASDAQ:CTWS) operates as a regulated water company. On May 13th, the company increased its quarterly dividend by 5.6% to $0.2825 per share. The dividend is payable on June 15, 2016 to stockholders of record as on June 1, 2016, with an ex-dividend date of May 27, 2016. The yield based on the new payout is 2.4%.

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.

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Full Disclosure: Long LEG in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.

Disclosure: I am/we are long LEG.

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.