Some traditionalist would say your home is your greatest wealth building asset. I would argue it is not. Others would say your income is your greatest wealth building asset. Thought there is a lot of truth to the statement, it is still not your greatest wealth building asset. So, what is your greatest wealth building asset? Everyone is born with it. Few realize its importance until they lose most of it. The asset is so priceless it can't be bought. Your most valuable wealth building asset is time.
With time, you can wait for blue-chip stocks to build a high yield-on-cost by growing their dividends. Below are several companies building shareholder wealth by increasing their cash dividends:
MDU Resources Group, Inc. (MDU) operates as a diversified natural resource company in the United States. November 17th the company increased its quarterly dividend 3.1% to $0.1675 per share. The dividend is payable on Jan. 1, 2012, to stockholders of record Dec. 8, 2011. The yield based on the new payout is 3.3%.
C&F Financial Corporation (CFFI) operates as the holding company for Citizens and Farmers Bank that provides various banking and related financial services to individuals and businesses. November 17th the company increased its quarterly dividend 4% to $0.26 cents per share. The dividend is payable January 1, 2012 to shareholders of record on December 15, 2011. The yield based on the new payout is 4.9%.
Brown-Forman Corporation (BFA) engages in manufacturing, bottling, importing, exporting, and marketing alcoholic beverages. November 17th the company increased its quarterly dividend 9.4% to $0.35 per share. The yield based on the new payout is 1.9%.
NIKE, Inc. (NKE) engages in the design, development, marketing, and sale of footwear, apparel, equipment, and accessory products for men, women, and children worldwide. November 17th the company increased its quarterly dividend 16% to $0.36 per share. The dividend is payable on January 3, 2012 to shareholders of record at the close of business on December 5, 2011. The yield based on the new payout is 1.6%.
Union Pacific Corporation (UNP) provides rail transportation services in North America. November 17th the company increased its quarterly dividend 26% to $0.60 per share. The dividend is payable January 2, 2012, to stockholders of record on November 30, 2011.