Payback is the amount of time needed for an investment to earn its cost, undiscounted. Though not very sophisticated, payback can still help you screen for good, solid dividend growth stocks. Once you earn back your investment, some might say you are in a no-lose situation. I wouldn't go quite that far, but you have found an investment that has provided you a good historical revenue stream, and hopefully it will continue to do so in the future.
Below are several dividend stocks that recently rewarded their shareholders with increased cash dividends:
PPG Industries (PPG) serves customers in industrial, transportation, consumer products, and construction markets and aftermarkets. April 21st the company increased its quarterly dividend 3.6% to $0.57/share. The dividend is payable June 10 to shareholders of record May 10. This marks the company's 451st consecutive dividend payment. PPG has paid uninterrupted annual dividends since 1899. The yield based on the new payout is 2.4%.
General Electric Company (GE) is a diversified infrastructure, finance company. April 21st the company increased its quarterly dividend 7.1% to to $0.15/share. The dividend is payable July 25, 2011 to shareowners of record at the close of business on June 20, 2011. The ex-dividend date is June 16, 2011. The yield based on the new payout is 3.0%.
Applied Industrial Technologies (AIT) is an industrial distributor that offers more than 4 million parts critical to the operations of MRO and OEM customers in virtually every industry. April 20th the company increased its quarterly dividend 12% to $0.19/share. The dividend is payable on May 31, 2011, to shareholders of record on May 16, 2011.