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 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:
Colgate-Palmolive Company (CL) manufactures and markets consumer products worldwide. March 8th the company increased its quarterly dividend 7% to $0.62 per share. The dividend is payable May 15, 2012 to shareholders of record as of April 24, 2012. The Company has paid uninterrupted dividends on its common stock since 1895. The yield based on the new payout is 2.6%.
Piedmont Natural Gas Company, Inc. (PNY), an energy services company, engages in the distribution of natural gas to residential, commercial, industrial, and power generation customers in portions of North Carolina, South Carolina, and Tennessee. March 8th the company increased its quarterly dividend 3.4% to $0.30 per share. The dividend is payable April 13, 2012, to shareholders of record at the close of business on March 23, 2012. The yield based on the new payout is 3.7%.
Miller Industries, Inc. (MLR) engages in the manufacture and sale of vehicle towing and recovery equipment. March 7th the company increased its quarterly dividend 8.3% to $0.13 per share. The dividend is payable on March 26, 2012, to shareholders of record at the close of business on March 19, 2012.