5 Companies Capable And Willing To Raise Dividends

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Includes: AFG, AZZ, EMRAF, OZRK, REXI
by: Dividends4Life

Summary

The main focus of investing in dividend growth stocks is finding and buying stocks that will continue to raise their dividends in the future.

In making this determination there are many factors to consider such as dividend payout ratio, debt levels, the company’s dividend policy and track record.

This week several companies have elected to send higher cash dividends to their shareholders.

The main focus of investing in dividend growth stocks is finding and buying stocks that will continue to raise their dividends in the future. In making this determination there are many factors to consider such as dividend payout ratio, debt levels, the company's dividend policy and track record.

This week several companies have elected to send higher cash dividends to their shareholders:

Bank of the Ozarks, Inc. (NASDAQ:OZRK) provides a range of retail and commercial banking services. October 1st the company increased its quarterly dividend 4.2% to $0.125 per share. The dividend is payable October 24, 2014 to stockholders of record on October 17, 2014, with an ex-dividend date of October 15, 2014. The yield based on the new payout is 1.6%.

American Financial Group, Inc. (NYSE:AFG) provides property and casualty insurance products in the United States. October 1st the company increased its quarterly dividend 14% to $0.25 per share. The dividend is payable October 27, 2014 to stockholders of record on October 15, 2014, with an ex-dividend date of October 13, 2014. The yield based on the new payout is 1.7%.

AZZ incorporated (NYSE:AZZ) manufactures electrical equipment and provides engineered services to power generation, transmission and distribution, and general industrial markets. October 1st the company increased its quarterly dividend 7.1% to $0.15 per share. The dividend is payable October 24, 2014 to stockholders of record on October 10, 2014, with an ex-dividend date of October 8, 2014. The yield based on the new payout is 1.4%.

Emera Incorporated (OTCPK:EMRAF) is engaged in the generation, transmission, and distribution of electricity to various customers. September 29th the company increased its quarterly dividend 6.9% to $0.3875 per share. The dividend is payable November 17, 2014 to stockholders of record on November 3, 2014, with an ex-dividend date of October 30, 2014. The yield based on the new payout is 5.1%.

Resource America, Inc. (NASDAQ:REXI) operates as an asset management company. The company, through its subsidiaries, operates in three segments: Financial Fund Management; Real Estate; and Equipment Finance. September 29th the company increased its quarterly dividend 20% to $0.06 per share. The dividend is payable October 31, 2014 to stockholders of record on October 17, 2014, with an ex-dividend date of October 15, 2014. The yield based on the new payout is 2.6%.

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: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has 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.

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