8 Stocks Compounding Shareholders' Wealth With Increased Dividends

|
Includes: GS, HCSG, KMI, KMP, PAG, TXN, VLP, WNR
by: Dividends4Life
Summary

Some goals for building wealth would include putting kids through college, paying off your mortgage, helping family members and enjoying a financially worry-free retirement.

You will need to devise a plan to help you reach your goals. My plan includes great dividend growth stocks.

Below are several companies compounding their shareholders' wealth with increased cash dividends.

Some goals for building wealth would include putting kids through college, paying off mortgages, helping family members and enjoying a financially worry-free retirement. If you don't have a generous relative or wealthy parents, you will need to devise a plan to help you reach your goals. My plan includes great dividend stocks that increase their dividends each year.

Below are several companies compounding their shareholder's wealth with increased cash dividends:

Texas Instruments Incorporated (NYSE:TXN) designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. October 16th the company increased its quarterly dividend 13% to $0.34 per share. The dividend is payable November 17, 2014 to stockholders of record on October 31, 2014, with an ex-dividend date of October 29, 2014. The yield based on the new payout is 3.1%.

The Goldman Sachs Group, Inc. (NYSE:GS) provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. October 16th the company increased its quarterly dividend 9.1% to $0.60 per share. The dividend is payable December 30, 2014 to stockholders of record on December 2, 2014, with an ex-dividend date of November 27, 2014. The yield based on the new payout is 1.4%.

Kinder Morgan, Inc. (NYSE:KMI) operates as a midstream and energy company in North America. October 15th the company increased its quarterly dividend 2.3% to $0.44 per share. The dividend is payable November 17, 2014 to stockholders of record on October 31, 2014, with an ex-dividend date of October 29, 2014. The yield based on the new payout is 5.0%.

Kinder Morgan Energy Partners, L.P. (NYSE:KMP) operates as a pipeline transportation and energy storage company in North America. October 15th the company increased its quarterly distribution 0.7% to $1.40 per share. The distribution is payable November 14, 2014 to stockholders of record on October 31, 2014, with an ex-dividend date of October 29, 2014. The yield based on the new payout is 6.5%.

Penske Automotive Group, Inc. (NYSE:PAG) operates as an automotive retailer. October 15th the company increased its quarterly dividend 5% to $0.21 per share. The dividend is payable December 1, 2014 to stockholders of record on November 10, 2014, with an ex-dividend date of November 6, 2014. The yield based on the new payout is 2.2%.

Valero Energy Partners LP (NYSE:VLP) owns, operates, develops, and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets in the United States. October 14th the company increased its quarterly distribution 7.9% to $0.24 per share. The distribution is payable November 12, 2014 to stockholders of record on October 31, 2014, with an ex-dividend date of October 29, 2014. The yield based on the new payout is 2.3%.

Healthcare Services Group, Inc. (NASDAQ:HCSG) provides housekeeping, laundry, linen, facility maintenance, and dietary services to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. October 14th the company increased its quarterly dividend 0.7% to $0.173 per share. The dividend is payable December 26, 2014 to stockholders of record on November 21, 2014, with an ex-dividend date of November 19, 2014. The yield based on the new payout is 2.6%.

Western Refining, Inc. (NYSE:WNR) operates as an independent crude oil refiner and marketer of refined products. October 14th the company increased its quarterly dividend 15% to $0.30 per share. The dividend is payable November 13, 2014 to stockholders of record on October 29, 2014, with an ex-dividend date of October 27, 2014. The yield based on the new payout is 3.0%.

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.

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.