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8 Dividend Stocks Growing Future Yield

 April 22, 2013 02:35 AM
 


Yield does not come without a price, usually in the form of added risk and/or complexity. Ultimately, dividend growth investors realize that long-term and sustainable high-yield investments are grown over time. This is accomplished by purchasing high-quality dividend investments with a reasonable yield and a long history of growing their dividends, and waiting for the yield on cost to grow.

Below are several companies planting the seeds for future yield by recently increasing their cash dividends:

Kinder Morgan, Inc. (KMI) owns and operates energy transportation and storage assets in the United States and Canada. April 17th the company increased its quarterly dividend 2.7% to $0.38 per share. the dividend is payable May 16, 2013, to shareholders of record as of April 29, 2013. The yield based on the new payout is 4.0%.

[Related -United States Steel Corporation (X): Small Insider Buy, Big Rewards?]

CSX Corporation (CSX) provides rail-based transportation services. It offers traditional rail services, and transports intermodal containers and trailers. April 16th the company increased its quarterly dividend 7% to $0.15 per share. The dividend is payable on June 14, 2013 to shareholders of record at the close of business on May 31, 2013. The yield based on the new payout is 2.6%.

Omega Healthcare Investors, Inc. (OHI) operates as a real estate investment trust (REIT) in the United States. April 16th the company increased its quarterly dividend 2.2% to $0.46 per share the dividend is payable May 15, 2013 to common stockholders of record as of the close of business on April 30, 2013. The yield based on the new payout is 5.7%.

[Related -Procter & Gamble (PG) Dividend Stock Analysis]

Whirlpool Corporation (WHR) engages in the manufacture and marketing of home appliances worldwide. April 16th the company increased its quarterly dividend 25% to $0.625 per share. The dividend is payable June 15, 2013, to stockholders of record at the close of business on May 17, 2013. The yield based on the new payout is 2.1%.

Mercantile Bank Corporation (MBWM) operates as the bank holding company for Mercantile Bank of Michigan that provides banking services to small- to medium-sized businesses, individuals, and governmental units. April 16th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable June 10, 2013 to holders of record as of May 10, 2013. The yield based on the new payout is 2.5%.

The Southern Company (SO) operates as a public electric utility company. April 15th the company increased its quarterly dividend 3.6% to $0.5075 per share. The dividend is payable June 6, 2013, to shareholders of record as of May 6, 2013. The yield based on the new payout is 4.2%.

The Procter & Gamble Company (PG) engages in the manufacture and sale of a range of branded consumer packaged goods. April 15th the company increased its quarterly dividend 7% to $0.6015 per share. The dividend is payable May 15, 2013 to shareholders of record at the close of business on April 26, 2013. The yield based on the new payout is 3.0%.

Weyerhaeuser Company (WY), a forest products company, grows and harvests trees, builds homes, and manufactures forest products worldwide. It grows and harvests trees for use as lumber, other wood and building products, and pulp and paper. April 11th the company increased its quarterly dividend 18% to $0.20 per share. The dividend is payable May 31, 2013, to shareholders of record at the close of business May 10, 2013. The yield based on the new payout is 2.6%.

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 PG in my Dividend Growth Portfolio and long SO, OHI in my High-Yield Portfolio. See a list of all my dividend growth holdings here.

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