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
Relevant Articles:
- When can you retire on dividends?
- My dividend crossover point
- My Dividend Retirement Plan
- Margin of Safety in Dividends
Popular Posts
-
I am a big fan of Warren Buffett, the Oracle of Omaha. His letters to shareholders are an excellent resource for students of value investing...
-
I recently read an interesting paper titled " Which U.S. Stocks Generated the Highest Long-Term Returns? " by prof Hendrik Bessemb...
-
I review the list of dividend increases every single week, as part of my monitoring process. This exercise helps me to monitor existing hold...
-
The Kroger Co. (KR) operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace sto...
-
“Good decisions come from experience. Experience. comes from bad decisions.” - Mark Twain I am a big fan of long-term investing. This ...
-
With Dividend Growth Stocks, when I am wrong, the most I can lose is the amount I invested, minus any dividends I allocated elsewhere. But w...
-
One of my favorite Berkshire Hathaway letters to shareholders is the one from 2013 . It left a very big impression on me, mostly because it ...
-
I review the list of dividend increases every week, as part of my monitoring process . This exercise is one of the steps that helps me evalu...
-
I review the list of dividend increases every week, as part of my review process. This exercise helps me to monitor existing holdings. It al...
-
The goal of every Dividend Growth Investor is to generate enough dividends to pay for their retirement. It takes patience, persistence and p...