7 Stocks Providing A Growing Income With Increased Dividends

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Includes: AMNF, BCR, FDX, HRB, TGT, UHT, UNH
by: Dividends4Life

Summary

There are many valid ways to successfully build long-term wealth.

Dividend growth stocks have provided investors financial security for decades.

Below are some companies that understand the importance of growing their cash.

For most people fortunate enough to be born in the U.S., or any other industrialized country, they have access to the two main ingredients to achieve financial success: 1. Opportunity and 2. Time. There are many valid ways to successfully build long-term wealth. Some involve more risk than others. Being relatively conservative, I have chosen Dividend Growth Stocks as a significant part of my financial plan. Many of today's dividend growth stocks have provided investors financial security for decades.

Below are some companies that understand the importance of growing their cash dividends:

H&R Block, Inc. (NYSE:HRB) provides tax preparation, banking, and other services to the general public primarily in the United States, Canada, and Australia. June 9th the company increased its quarterly dividend 10% to $0.22 per share. The dividend is payable July 1, 2016 to stockholders of record on June 20, 2016, with an ex-dividend date of June 16, 2016. The yield based on the new payout is 4.1%.

Universal Health Realty Income Trust (NYSE:UHT) is a publicly owned real estate investment trust investing in health care and human service related facilities. June 9th the company increased its quarterly dividend 0.8% to $0.65 per share. The dividend is payable June 30, 2016 to stockholders of record on June 20, 2016, with an ex-dividend date of June 16, 2016. The yield based on the new payout is 4.6%.

Armanino Foods of Distinction, Inc. (OTCPK:AMNF) produces and markets frozen and refrigerated food products. The company's frozen products comprise pesto and other sauces, Italian pastas, and cooked meat and poultry products, as well as cooked beef and turkey meatballs and cheese shakers. June 9th the company increased its quarterly dividend 5.2% to $0.02 per share. The dividend is payable July 29, 2016 to stockholders of record on July 1, 2016, with an ex-dividend date of June 29, 2016. The yield based on the new payout is 3.8%.

Target Corporation (NYSE:TGT) operates as a general merchandise retailer offering household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys, as well as electronics, such as video game hardware and software; and apparel for women. June 8th the company increased its quarterly dividend 7.1% to $0.60 per share. The dividend is payable September 10, 2016 to stockholders of record on August 17, 2016, with an ex-dividend date of August 15, 2016. The yield based on the new payout is 3.5%.

UnitedHealth Group Incorporated (NYSE:UNH) operates as a diversified health and well-being company offering consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service. June 8th the company increased its quarterly dividend 25% to $0.625 per share. The dividend is payable June 28, 2016 to stockholders of record on June 17, 2016, with an ex-dividend date of June 15, 2016. The yield based on the new payout is 1.8%.

C. R. Bard, Inc. (NYSE:BCR) designs, manufactures, packages, distributes, and sells medical, surgical, diagnostic, and patient care devices worldwide. June 8th the company increased its quarterly dividend 8.3% to $0.26 per share. The dividend is payable July 29, 2016 to stockholders of record on July 18, 2016, with an ex-dividend date of July 14, 2016. The yield based on the new payout is 0.5%.

FedEx Corporation (NYSE:FDX) provides transportation, e-commerce, and business services in the United States and internationally. June 6th the company increased its quarterly dividend 60% to $0.40 per share. The dividend is payable July 1, 2016 to stockholders of record on June 16, 2016, with an ex-dividend date of June 14, 2016. The yield based on the new payout is 1.0%.

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 UHT in my High-Yield Portfolio. See a list of all my dividend growth holdings here.

Disclosure: I am/we are long UHT.

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 covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.