One of the primary reasons I hold quality dividend stocks is the regular distributions I receive in my brokerage account. In fact, as part of my retirement plan, I expect to be able to achieve financial independence in a few years, when my dividend income exceeds my expenses. After this dividend crossover point I would be able to retire and not worry about having a demanding eight to five job. I particularly like dividend growth stocks, since they regularly boost distributions, which enables my passive income to maintain purchasing power over time.
Several consistent dividend growth payers approved hikes in their distributions to shareholders last week. The companies include:
Medtronic, Inc. (MDT) manufactures and sells device-based medical therapies worldwide. The company raised its quarterly dividend by 7.20% to 26 cents/share. This marked the 35th consecutive annual dividend increase for this dividend champion. Yield: 2.70% (analysis)
Walgreen Co. (WAG), together with its subsidiaries, operates a chain of drugstores in the United States. The company raised its quarterly dividend by 22.20% to 27.50 cents/share. This marked the 37th consecutive annual dividend increase for this dividend champion. Yield: 3.80% (analysis)
Realty Income Corporation (O) engages in the acquisition and ownership of commercial retail real estate properties in the United States. The company leases its retail properties primarily to regional and national retail chain store operators. This REIT raised monthly distributions to 14.6125 cents/share. This dividend achiever has boosted distributions for 18 years in a row. Yield: 4.30% (analysis)
Best Buy Co.(BBY), Inc. operates as a retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances, and related services primarily in the United States, Europe, Canada, and China. The company raised its quarterly dividend by 6.25% to 17 cents/share. This marked the tenth consecutive annual dividend increase for Best Buy. Yield: 3.50%
Dynex Capital, Inc. (DX), together with its subsidiaries, operates as a real estate investment trust or REIT in the United States. The company raised its quarterly dividend by 3.60% to 29 cents/share. This marked the second dividend increase over the past year. Dynex Capital has raised distributions for 5 years in a row. Yield: 11.60%
John Wiley & Sons, Inc. (JW-A) provides content and workflow solutions in areas, such as research, professional development, and education. The company raised its quarterly dividend by 20% to 24 cents/share. This marked 19th consecutive annual dividend increase for this dividend achiever. Yield: 2%
Oil-Dri Corporation of America (ODC) engages in the development, manufacture, and marketing of sorbent products in the United States and internationally. The company raised its quarterly dividend by 5.90% to 18 cents/share. This marked 10th consecutive annual dividend increase for this dividend achiever. Yield: 3.60%
Full Disclosure: Long MDT, WAG, O
- When can you retire on dividends?
- My dividend crossover point
- My Dividend Retirement Plan
- Margin of Safety in Dividends
My goal is to purchase quality companies that grow earnings and dividends at an attractive price. Most members of the dividend champions li...
The biggest fallacy out there is that each dollar reinvested by companies will automatically translate into more profits. Unfortunately, r...
Dividend investing is as sexy as watching paint dry on the wall. Defining an entry criteria that selects quality dividend stocks with ris...
Every week I go through the list of dividend increases , as part of my monitoring process. I monitor the dividend increases from companies I...
This guest post has been wrote by Mike McNeil, passionate investor, founder of Dividend Stocks Rock and author of The Dividend Guy Blog . ...
Every week, I review the list of dividend increases as part of my monitoring process. I usually focus on companies I already own. However, ...
The most important question that investors ask themselves is how much money do they need to retire . There are several things to consider, i...
Every week, I review the list of dividend increases as part of my monitoring process . I usually focus my attention on companies that have m...
Dividend growth investing is a very simple but effective wealth building strategy. The investor focuses on companies with a proven track re...
The Coca-Cola Company (KO) manufactures, distributes, and markets nonalcoholic beverages worldwide. This dividend king has paid uninterrupt...