5 Stocks Building Wealth With Dividend Increases

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Includes: CAT, FDX, FLO, GPT, TGT
by: Dividends4Life
Summary

Warren Buffett and Bill Gates didn't build their fortunes with a get-rich-now kit. They worked hard and built it steadily over time.

Though it may seem boring to many, a disciplined approach to investing such as dividend growth stocks can be highly effective.

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

Have you ever wondered just where are all the get-rich-now infomercial millionaires? I know several people who have purchased one or more of these get-rich-now kits, but I don't know of anyone who actually got rich from purchasing the kit. Warren Buffett and Bill Gates didn't build their fortunes with a get-rich-now kit. They worked hard and built it steadily over time.

In much the same way, a disciplined approach to investing such as dividend growth stocks can be highly effective. Though it may seem boring to many, I find it exciting to see my income growing as the finish line approaches.

Below are several companies building their shareholders' wealth with increased cash dividends:

Gramercy Property Trust Inc. (NYSE:GPT) is an equity real estate investment trust investing in industrial and office properties to create its portfolio. June 11th the company increased its quarterly dividend 10% to $0.22 per share. The dividend is payable July 15, 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 3.4%.

Caterpillar Inc. (NYSE:CAT) manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. June 10th the company increased its quarterly dividend 10% to $0.77 per share. The dividend is payable August 20, 2015 to stockholders of record on July 20, 2015, with an ex-dividend date of July 16, 2015. The yield based on the new payout is 3.5%.

Target Corporation (NYSE:TGT) operates as a general merchandise retailer in the United States and Canada. June 9th the company increased its quarterly dividend 7.7% to $0.56 per share. The dividend is payable September 10, 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 2.8%.

FedEx Corporation (NYSE:FDX) provides transportation, e-commerce, and business services in the United States and internationally. June 8th the company increased its quarterly dividend 25% to $0.25 per share. The dividend is payable July 2, 2015 to stockholders of record on June 18, 2015, with an ex-dividend date of June 16, 2015. The yield based on the new payout is 0.6%.

Flowers Foods, Inc. (NYSE:FLO) produces and markets bakery products in the United States. June 5th the company increased its quarterly dividend 9.4% to $0.145 per share. The dividend is payable July 2, 2015 to stockholders of record on June 19, 2015, with an ex-dividend date of June 17, 2015. The yield based on the new payout is 2.7%.

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.

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.