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17 Companies Compounding Shareholder's Wealth With Higher Dividends

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November 11, 2013 – Comments (0) | RELATED TICKERS: EMR , SBSI , NVDA

Compound interest is what occurs when interest previously earned is added to the principle and is considered when calculating future interest – i.e. earning interest on interest. So, what’s more powerful than compound interest? Compound dividends! Compound dividends are like compound interest on steroids – you are not only earning on reinvested dividends, but the dividend rate is increasing.

Here are several companies compounding their shareholder's wealth with increased cash dividends:

Southside Bancshares, Inc. (SBSI) operates as the holding company for Southside Bank that provides financial products and services to individuals, businesses, municipal entities, and nonprofit organizations. November 7th the company increased its quarterly dividend 5% to $0.21 per share. The dividend is payable to shareholders of record November 21, 2013 and is scheduled for payment on December 6, 2013. The yield based on the new payout is 3.2%.

NVIDIA Corporation (NVDA), a visual computing company, develops graphics chips for use in personal computers (PC), mobile devices, and supercomputers. November 7th the company increased its quarterly dividend 13% to to $0.085 per share. The dividend is payable Dec. 13, 2013, to all stockholders of record on Nov. 21, 2013. The yield based on the new payout is 2.3%.

Six Flags Entertainment Corporation (SIX) owns and operates regional theme, water, and zoological parks. November 7th the company increased its quarterly dividend 4.4% to $0.47 per share. The dividend is payable December 9, 2013 to shareholders of record as of November 25, 2013. The yield based on the new payout is 5.2%.

W&T Offshore, Inc. (WTI), an independent oil and natural gas producer, together with its subsidiaries, engages in the exploration, development, and acquisition of oil and natural gas properties. November 6th the company increased its quarterly dividend 11% to $0.10 per share. The dividend is payable on December 3, 2013, to the shareholders of record on November 18, 2013. The yield based on the new payout is 2.2%.

Rockwell Automation, Inc. (ROK) provides industrial automation power, control, and information solutions. November 6th the company increased its quarterly dividend 11.5% to $0.58 per share. The dividend is payable Dec. 10, 2013 to shareowners of record at the close of business on Nov. 18, 2013. The yield based on the new payout is 3.3%.

Atmos Energy Corporation (ATO) engages in the distribution, transmission, and storage of natural gas in the United States. The company increased its quarterly dividend 5.7% to $0.37 per share. The dividend is payable December 9, 2013, to shareholders of record on November 25, 2013. The yield based on the new payout is 2.1%.

Maiden Holdings, Ltd. (MHLD) provides reinsurance solutions to regional and specialty insurers primarily in the United States and Europe. November 6th the company increased its quarterly dividend 22% to $0.11 per share. The dividend is payable on January 15, 2014 to shareholders of record as of January 2, 2014. The yield based on the new payout is 3.9%.

Pennsylvania Real Estate Investment Trust (PEI) is a publicly owned equity real estate investment trust. November 6th the company increased its quarterly dividend 11% to $0.20 per share. The dividend is payable December 16, 2013 to shareholders of record on December 2, 2013. The yield based on the new payout is 4.6%.

Ensco plc (ESV) provides offshore contract drilling services to the oil and gas industry worldwide. November 5th the company increased its quarterly dividend 50% to $0.75 per share. The dividend is payable December 20, 2013 to holders of Ensco’s shares as of the December 9, 2013 record date. The yield based on the new payout is 5.0%.

Douglas Emmett, Inc. (DEI), a real estate investment trust, owns and operates office and multifamily properties in California and Hawaii. November 5th the company increased is quarterly dividend 11.1% to $0.20 per share. The dividend is payable January 15, 2014 to shareholders of record as of December 30, 2013. The yield based on the new payout is 3.3%.

Great Plains Energy Incorporated (GXP) engages in the generation, transmission, distribution, and sale of electricity. November 5th the company increased its quarterly dividend 5.7% to $0.23 per share. The dividend is payable December 20, 2013 to shareholders of record as of November 29, 2013. The yield based on the new payout is 3.9%.

Acadia Realty Trust (AKR), a real estate investment trust (REIT), engages primarily in the ownership, acquisition, redevelopment, and management of retail properties in the United States. November 5th the company increased its quarterly dividend 9.5% to $0.23 per share. The dividend is payable January 15, 2014 to holders of record as of December 31, 2013. January 15, 2014 to holders of record as of December 31, 2013. The yield based on the new payout is 3.5%.

Emerson Electric Co. (EMR), a diversified technology company, engages in designing and supplying products and technology, and providing engineering services and solutions to the industrial, commercial, and consumer markets worldwide. November 5th the company increased its quarterly dividend 4.9% to $0.43 per share. the dividend is payable December 10, 2013 to stockholders of record November 15, 2013. The yield based on the new payout is 2.6%.

The Empire District Electric Company (EDE) engages in the generation, purchase, transmission, distribution, and sale of electricity in Missouri, Kansas, Oklahoma, and Arkansas. November 1st the company increased its quarterly dividend 2% to $0.255 per share. the dividend is payable December 16, 2013, to holders of record as of December 2, 2013. The yield based on the new payout is 4.5%.

Public Storage (PSA) operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. October 31st the company increased its quarterly dividend 12% to $1.40 per share. the dividend is payable December 30, 2013 to shareholders of record as of December 13, 2013. The yield based on the new payout is 3.3%.

Territorial Bancorp Inc. (TBNK) operates as the bank holding company for Territorial Savings Bank that provides various financial services to individuals, families, and businesses in Hawaii. October 31st the company increased its quarterly dividend 7.7% to $0.14 per share. The dividend is payable November 27, 2013 to stockholders of record as of November 14, 2013. The yield based on the new payout is 2.5%.

Einstein Noah Restaurant Group, Inc. (BAGL) owns, operates, franchises, and licenses bagel specialty restaurants in the United States. October 31st the company increased its quarterly dividend 4% to $0.13 per share. The dividend is payable January 15, 2014 to stockholders of record as of December 2, 2013. The yield based on the new payout is 2.9%.

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 EMR in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.

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