8 Stocks Not Missing Their Opportunity To Increase Dividends

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Includes: CHRW, DFT, DIS, ECL, ERIE, HI, NUE, SNV
by: Dividends4Life

Summary

In everything we do, we always want to be the best or be associated with the best.

One attribute found in the very best dividend stocks is a long history of consecutive dividend increases.

Below are several dividend stocks that did not miss their opportunity increase cash dividends.

In everything we do, we always want to be the best or be associated with the best. You never hear fans yelling, "We're number 2, we're number 2," while holding two fingers in the air. The same is true when selecting dividend stocks. One attribute found in the very best dividend stocks is a long history of consecutive dividend increases.

Below are several dividend stocks that did not miss their opportunity increase cash dividends:

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. December 4th the company increased its quarterly dividend 8.6% to $0.38 per share. The dividend is payable December 31, 2014 to stockholders of record on December 15, 2014, with an ex-dividend date of December 11, 2014. The yield based on the new payout is 2.0%.

Ecolab Inc. (NYSE:ECL) provides water, hygiene, and energy technologies and services for customers worldwide. December 4th the company increased its quarterly dividend 20% to $0.33 per share. The dividend is payable January 15, 2014 to stockholders of record on December 16, 2014, with an ex-dividend date of December 12, 2014. The yield based on the new payout is 1.2%.

The Walt Disney Company (NYSE:DIS) operates as an entertainment company worldwide in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive. December 3rd the company increased its annual dividend 34% to $1.15 per share. The dividend is payable January 8, 2014 to stockholders of record on December 15, 2014, with an ex-dividend date of December 11, 2014. The yield based on the new payout is 1.2%.

Nucor Corporation (NYSE:NUE) manufactures and sells steel and steel products in North America and internationally. December 3rd the company increased its quarterly dividend 0.7% to $0.3725 per share. The dividend is payable February 11, 2014 to stockholders of record on December 31, 2014, with an ex-dividend date of December 29, 2014. The yield based on the new payout is 2.7%.

Hillenbrand, Inc. (NYSE:HI), a diversified industrial company, makes and sells business-to-business products and services for various industries worldwide. December 3rd the company increased its quarterly dividend 1.3% to $0.20 per share. The dividend is payable December 31, 2014 to stockholders of record on December 17, 2014, with an ex-dividend date of December 15, 2014. The yield based on the new payout is 2.5%.

Erie Indemnity Company (NASDAQ:ERIE) provides sales, underwriting, and policy issuance services. December 3rd the company increased its quarterly dividend 7% to $0.681 per share. The dividend is payable January 21, 2014 to stockholders of record on January 6, 2014, with an ex-dividend date of January 2, 2014. The yield based on the new payout is 3.1%.

Synovus Financial Corp. (NYSE:SNV) operates as a financial services and bank holding company offering integrated financial services, including commercial and retail banking, financial management, insurance, and mortgage services. December 3rd the company increased its quarterly dividend 43% to $0.10 per share. The dividend is payable January 2, 2014 to stockholders of record on December 18, 2014, with an ex-dividend date of December 16, 2014. The yield based on the new payout is 1.5%.

DuPont Fabros Technology, Inc. (NYSE:DFT), a real estate investment trust (REIT), engages in the ownership, acquisition, development, operation, management, and lease of large-scale data center facilities in the United States. December 2nd the company increased its quarterly dividend 20% to $0.42 per share. The dividend is payable January 15, 2014 to stockholders of record on December 30, 2014, with an ex-dividend date of December 26, 2014. The yield based on the new payout is 5.2%.

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: Long ERIE in my Dividend Growth Stocks Portfolio. See a list of all my dividend growth holdings here.

Disclosure: The author is long ERIE.

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.