12 Stocks Building A Comfortable Retirement With Higher Dividends

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Includes: BAX, CA, CGNX, FIG, MCHP, MIC, PEP, PSX, RGR, SEP, TSCO, TU
by: Dividends4Life

Summary

Real wealth is built with sweat equity and a sound financial plan.

An investing approach focusing on quality dividend growth stocks has provided the means for many investors to enjoy a comfortable retirement.

Below are several companies that are helping their shareholders build a comfortable retirement with higher dividends.

Forget about those "Make 534% On Every Trade" ads that you see on many financial websites. Real wealth is built with sweat equity and a sound financial plan. A long-term buy-and-hold investing approach focusing on quality dividend growth stocks has provided the means for many investors to enjoy a comfortable retirement. If you start early enough, you will go beyond a comfortable retirement into the realm of building long-term wealth.

Below are several companies that are helping their shareholders build a comfortable retirement with higher dividends:

TELUS Corporation (NYSE:TU) provides a range of telecommunications products and services in Canada. On May 5th, the company increased its quarterly dividend 4.5% to C$0.46 per share. The dividend is payable on July 4, 2016 to stockholders of record as on June 10, 2016, with an ex-dividend date of June 8, 2016. The yield based on the new payout is 4.6%.

Fortress Investment Group LLC (NYSE:FIG) is a publicly owned investment manager. On May 5th, the company increased its quarterly dividend 12% to $0.09 per share. The dividend is payable on May 20, 2016 to stockholders of record as on May 17, 2016, with an ex-dividend date of May 13, 2016. The yield based on the new payout is 7.5%.

Phillips 66 (NYSE:PSX) operates as an energy manufacturing and logistics company. On May 4th, the company increased its quarterly dividend 12% to $0.63 per share. The dividend is payable on June 1, 2016 to stockholders of record as on May 18, 2016, with an ex-dividend date of May 16, 2016. The yield based on the new payout is 3.2%.

CA, Inc. (NASDAQ:CA) provides information technology management software and solutions that help organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. On May 4th, the company increased its quarterly dividend 2% to $0.255 per share. The dividend is payable on June 14, 2016 to stockholders of record as on May 26, 2016, with an ex-dividend date of May 24, 2016. The yield based on the new payout is 3.5%.

Spectra Energy Partners LP (NYSE:SEP) owns and operates fee-based natural gas pipeline and storage businesses. On May 4th, the partnership increased its quarterly distribution 2% to $0.65125 per unit. The distribution is payable on May 27, 2016 to unitholders of record as on May 16, 2016, with an ex-dividend date of May 12, 2016. The yield based on the new payout is 5.4%.

Microchip Technology Incorporated (NASDAQ:MCHP) develops, manufactures, and sells semiconductor products for various embedded control applications. On May 4th, the company increased its quarterly dividend 0.1% to $0.3595 per share. The dividend is payable on June 6, 2016 to stockholders of record as on May 23, 2016, with an ex-dividend date of May 19, 2016. The yield based on the new payout is 3.0%.

PepsiCo, Inc. (NYSE:PEP) operates as a food and beverage company worldwide. On May 3rd, the company increased its quarterly dividend 7.1% to $0.7525 per share. The dividend is payable on June 30, 2016 to stockholders of record as on June 3, 2016, with an ex-dividend date of June 1, 2016. The yield based on the new payout is 2.9%.

Baxter International Inc. (NYSE:BAX) provides a portfolio of renal and hospital products. On May 3rd, the company increased its quarterly dividend 13% to $0.13 per share. The dividend is payable on July 1, 2016 to stockholders of record as on June 3, 2016, with an ex-dividend date of June 1, 2016. The yield based on the new payout is 1.2%.

Tractor Supply Company (NASDAQ:TSCO) operates rural lifestyle retail stores in the United States. On May 3rd, the company increased its quarterly dividend 20% to $0.24 per share. The dividend is payable on June 1, 2016 to stockholders of record as on May 16, 2016, with an ex-dividend date of May 12, 2016. The yield based on the new payout is 1.0%.

Sturm, Ruger & Company, Inc. (NYSE:RGR) designs, manufactures, and sells firearms under the Ruger trademark in the United States. It operates in two segments, Firearms and Castings. On May 2nd, the company increased its quarterly dividend 35% to $0.48 per share. The dividend is payable on May 27, 2016 to stockholders of record as on May 13, 2016, with an ex-dividend date of May 11, 2016. The yield based on the new payout is 2.8%.

Macquarie Infrastructure Company LLC (NYSE:MIC), through its subsidiaries, owns, operates, and invests in infrastructure businesses that provide services to businesses, government agencies, and individuals primarily in the United States. On May 2nd, the company increased its quarterly dividend 4.3% to $1.20 per share. The dividend is payable on May 17, 2016 to stockholders of record as on May 12, 2016, with an ex-dividend date of May 10, 2016. The yield based on the new payout is 6.9%.

Cognex Corporation (NASDAQ:CGNX) provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes. On May 2nd, the company increased its quarterly dividend 7.1% to $0.075 per share. The dividend is payable on June 17, 2016 to stockholders of record as on June 3, 2016, with an ex-dividend date of June 1, 2016. The yield based on the new payout is 0.9%.

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, click here.

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

Disclosure: I am/we are long PEP.

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.