9 Dividend Stocks Building Shareholder Returns With Higher Dividends

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Includes: BX, CSX, DFS, GM, HPT, KMI, NAT, PBCT, SSW
by: Dividends4Life

Summary

My goal as an investor in dividend growth stocks is to build a steadily increasing income.

Over time, a conservative dividend growth based investment strategy usually does quite well versus the market as a whole.

Below are several dividend stocks building shareholder returns with higher cash dividends.

Over time, a conservative, dividend growth-based investment strategy usually does quite well versus the market as a whole. My goal as a dividend growth stocks investor is to build a steadily increasing income, and not necessarily to outperform the market via capital gains. But given the choice, I certainly don't mind having both.

Below are several dividend stocks building shareholder returns with higher cash dividends:

The Blackstone Group L.P. (NYSE:BX) is a publicly owned investment manager providing financial advisory services to its clients. On April 16, the company increased its quarterly distribution 14% to $0.89 per share. The distribution is payable on May 4, 2015 to stockholders of record on April 27, 2015, with an ex-dividend date of April 23, 2015. The yield based on the new payout is 8.7%.

Discover Financial Services (NYSE:DFS) operates as a direct banking and payment services company in the United States. It operates in two segments: Direct Banking and Payment Services. On April 16, the company increased its quarterly dividend 17% to $0.28 per share. The dividend is payable on June 1, 2015 to stockholders of record on May 15, 2015, with an ex-dividend date of May 13, 2015. The yield based on the new payout is 1.9%.

People's United Financial, Inc. (NASDAQ:PBCT) provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. On April 16, the company increased its quarterly dividend 1.5% to $0.1675 per share. The dividend is payable on May 15, 2015 to stockholders of record on May 1, 2015, with an ex-dividend date of April 29, 2015. The yield based on the new payout is 4.4%.

Kinder Morgan, Inc. (NYSE:KMI) operates as an energy infrastructure and energy company in North America. The company operates through its Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments. On April 15, the company increased its quarterly dividend 6.7% to $0.48 per share. The dividend is payable on May 15, 2015 to stockholders of record on April 30, 2015, with an ex-dividend date of April 28, 2015. The yield based on the new payout is 4.4%.

CSX Corporation (NYSE:CSX) provides rail-based transportation services in the United States and Canada. On April 14, the company increased its quarterly dividend 12.5% to $0.18 per share. The dividend is payable on June 15, 2015 to stockholders of record on May 29, 2015, with an ex-dividend date of May 27, 2015. The yield based on the new payout is 2.2%.

Nordic American Tankers Limited (NYSE:NAT), a tanker company, engages in acquiring and chartering double-hull tankers. On April 14, the company increased its quarterly dividend 73% to $0.38 per share. The dividend is payable on May 21, 2015 to stockholders of record on May 7, 2015, with an ex-dividend date of May 5, 2015. The yield based on the new payout is 12.0%.

General Motors Company (NYSE:GM) designs, builds, and sells cars, crossovers, trucks, and automobile parts worldwide. On April 13, the company increased its quarterly dividend 20% to $0.36 per share. The dividend is payable on June 23, 2015 to stockholders of record on June 10, 2015, with an ex-dividend date of June 8, 2015. The yield based on the new payout is 4.0%.

Seaspan Corporation (NYSE:SSW) operates as an independent charter owner and manager of containerships in Hong Kong. On April 13, the company increased its quarterly dividend 8.7% to $0.375 per share. The dividend is payable on April 30, 2015 to stockholders of record on April 20, 2015, with an ex-dividend date of April 16, 2015. The yield based on the new payout is 8.0%.

Hospitality Properties Trust (NYSE:HPT), a real estate investment trust (REIT), engages in buying, owning, and leasing hotels. On April 13, the company increased its quarterly dividend 2% to $0.50 per share. The dividend is payable on May 21, 2015 to stockholders of record on April 24, 2015, with an ex-dividend date of April 22, 2015. The yield based on the new payout is 6.3%.

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.

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

Disclosure: The author is long PBCT.

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.