7 Stocks Meeting The Goal Of Increased Dividends

Summary

• My goal is to create an ever growing income stream from dividend growth stocks.
• I rarely look at the capital performance of individual stocks. What I do watch is the ability of the stocks I own to sustain their dividend growth.
• Below are several companies that met their shareholders' goal of higher cash dividends.

I have stated many times that my goal is to create an ever growing income stream from dividend growth stocks. Secondarily, it is my desire to beat the S&P 500 over time. With that said, I rarely look at the capital performance of individual stocks. What I do watch is the ability of the stocks I own to sustain their dividend growth.

This week several companies met their shareholders' goal of higher income with increased cash dividends:

ACE Limited (ACE) provides a range of property and casualty insurance and reinsurance products worldwide. May 21st the company increased its quarterly dividend 3.1% to $0.67 per share. The dividend is payable July 21, 2015 to stockholders of record on June 30, 2015, with an ex-dividend date of June 26, 2015. The yield based on the new payout is 2.5%.

Northrop Grumman Corporation (NOC), a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. May 20th the company increased its quarterly dividend 2.0% to $0.80 per share. The dividend is payable June 17, 2015 to stockholders of record on June 1, 2015, with an ex-dividend date of May 28, 2015. The yield based on the new payout is 2.0%.

Viacom Inc. (VIA) operates as an entertainment content company in the United States and internationally. May 20th the company increased its quarterly dividend 21% to $0.40 per share. The dividend is payable July 1, 2015 to stockholders of record on June 15, 2015, with an ex-dividend date of June 11, 2015. The yield based on the new payout is 2.4%.

JPMorgan Chase & Co. (JPM) provides various financial services worldwide. May 19th the company increased its quarterly dividend 10% to $0.44 per share. The dividend is payable July 31, 2015 to stockholders of record on July 6, 2015, with an ex-dividend date of July 2, 2015. The yield based on the new payout is 2.6%.

Bunge Limited (BG) operates as an agribusiness and food company worldwide. May 19th the company increased its quarterly dividend 12% to $0.38 per share. The dividend is payable September 2, 2015 to stockholders of record on August 19, 2015, with an ex-dividend date of August 17, 2015. The yield based on the new payout is 1.7%.

Lam Research Corporation (LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits. May 18th the company increased its quarterly dividend 67% to $0.30 per share. The dividend is payable July 1, 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 1.5%.

Bristow Group Inc. (BRS) provides helicopter services to the offshore energy industry in Europe, West Africa, North America, Australia, and internationally. May 18th the company increased its quarterly dividend 6.3% to $0.34 per share. The dividend is payable June 18, 2015 to stockholders of record on June 5, 2015, with an ex-dividend date of June 3, 2015. The yield based on the new payout is 2.2%.

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.

Disclosure: No position in the aforementioned securities. See a list of all my Dividend Growth Portfolio's holdings here.

Analyst’s 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.

Comments

[cpa28761]

I agree with Hardog. I can go with less than 3%, if a stock shows promise of total return. However, less than a 2% yield is a dividend in name only.

[Hardog]

Solid list but I like the stocks yielding >3%