8 Companies Showing Confidence With Increased Dividends

|
Includes: APOG, CINR, DLPH, FAST, NAT, OHI, SMP, UVE
by: Dividends4Life
Summary

Senior management purchasing company stock is a strong indicator of confidence in the future.

Another indicator is sticking with a dividend plan, including regular increases.

Below are several select companies with a management confident enough to increase their cash dividends.

It is very easy for a CEO to get on a conference call and talk about confidence in the future while communicating glowing projections, but do they really believe what they are saying? Are there any actions that would make you believe what they are saying? Senior management purchasing company stock is a strong indicator of confidence in the future. Another indicator is sticking with a dividend plan, including regular increases.

Below are several select companies with management and board confident enough to increase their cash dividends:

Omega Healthcare Investors, Inc. (NYSE:OHI) is a real estate investment firm investing in healthcare facilities, primarily in long-term healthcare facilities in order to create its portfolio. January 14th the company increased its quarterly dividend 1.8% to $0.57 per share. The dividend is payable February 16, 2016 to stockholders of record on February 2, 2016, with an ex-dividend date of February 29, 2016. The yield based on the new payout is 6.9%.

Fastenal Company (NASDAQ:FAST) engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. January 14th the company increased its quarterly dividend 7.1% to $0.30 per share. The dividend is payable February 26, 2016 to stockholders of record on January 29, 2016, with an ex-dividend date of January 27, 2016. The yield based on the new payout is 3.1%.

Universal Insurance Holdings, Inc. (NYSE:UVE) provides various property and casualty insurance products. January 14th the company increased its quarterly dividend 17% to $0.14 per share. The dividend is payable March 2, 2016 to stockholders of record on February 18, 2016, with an ex-dividend date of February 16, 2016. The yield based on the new payout is 3.0%.

Ciner Resources LP (NYSE:CINR) engages in the trona ore mining and soda ash production businesses in the United States and internationally. January 14th the partnership increased its quarterly distribution 1.2% to $0.5575 per unit. The distribution is payable February 12, 2016 to unitholders of record on January 29, 2016, with an ex-dividend date of January 27, 2016. The yield based on the new payout is 11.0%.

Nordic American Tankers Limited (NYSE:NAT), a tanker company, engages in acquiring and chartering double-hull tankers. January 13th the company increased its quarterly dividend 13% to $0.43 per share. The dividend is payable February 10, 2016 to stockholders of record on January 27, 2016, with an ex-dividend date of January 25, 2016. The yield based on the new payout is 12.9%.

Apogee Enterprises, Inc. (NASDAQ:APOG) designs and develops glass solutions for enclosing commercial buildings and framing art in the United States, Canada, and Brazil. January 13th the company increased its quarterly dividend 7.3% to $0.22 per share. The dividend is payable February 29, 2016 to stockholders of record on February 15, 2016, with an ex-dividend date of February 11, 2016. The yield based on the new payout is 4.4%.

Delphi Automotive PLC, (NYSE:DLPH) manufacturers vehicle components; and provides electrical and electronic, powertrain, safety, and thermal technology solutions to the automotive and commercial vehicle markets worldwide. January 12th the company increased its quarterly dividend 16% to $0.29 per share. The dividend is payable February 29, 2016 to stockholders of record on February 17, 2016, with an ex-dividend date of February 12, 2016. The yield based on the new payout is 1.5%.

Standard Motor Products, Inc. (NYSE:SMP) manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. It operates in two segments, Engine Management and Temperature Control. January 12th the company increased its quarterly dividend 13% to $0.17 per share. The dividend is payable March 1, 2016 to stockholders of record on February 16, 2016, with an ex-dividend date of February 11, 2016. The yield based on the new payout is 1.9%.

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 OHI in my High-Yield Portfolio. See a list of all my dividend growth holdings here.

Disclosure: I am/we are long OHI. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.