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Dividends4Life (43.50)

6 Dividend Stocks Sending More Cash To Shareholders

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April 03, 2012 – Comments (1) | RELATED TICKERS: SBSI , HCI , FCX

If your goal is to accumulate wealth for a comfortable retirement, then there is no risk-free path. Throughout time every angle has been tried and failed. What appears to be a safe investment in a federally insured CD or money market, may not even be covering inflation. Growth stocks don't always grow. The astute conservative investor turns to solid dividend paying stocks with a track record of growing their dividends each year.

Below are several companies that have recently elected to send more cash to their shareholders in the form of increased dividends:

Southside Bancshares, Inc. (SBSI) provides financial products and services to individuals, businesses, municipal entities, and non-profit organizations. March 29th the company increased its quarterly dividend 11.1% to $0.20 per share. The dividend is payable May 9, 2012 to shareholders of record April 18, 2012. The yield based on the new payout is 3.6%.

Homeowners Choice, Inc. (HCII) provides property and casualty insurance in Florida. March 28th the company increased its quarterly dividend 33% to $0.20 per share. The dividend is payable June 15, 2012 to shareholders of record on the close of business May 17, 2012. The yield based on the new payout is 6.6%.

Freeport-McMoRan Copper & Gold Inc. (FCX) engages in the exploration, mining, and production of mineral resources. March 28th the company increased its quarterly dividend 25% to to $0.3125 per share. The dividend is payable payable May 1, 2012 to holders of record as of April 13, 2012 for its common stock. The yield based on the new payout is 3.4%.

Stewart Enterprises, Inc. (STEI) provides funeral and cemetery products and services in the death care industry. March 27th the company in creased its annual dividend 14% to $0.16 per share. The dividend is payable April 26, 2012 to holders of record as of the close of business on April 12, 2012. The yield based on the new payout is 2.6%.

Crown Crafts, Inc. (CRWS) offers infant and toddler products in the United States, Canada, and internationally. March 26th the company increased its quarterly dividend 100% to $0.08 per share. The dividend is payable July 6, 2012 to stockholders of record at the close of business on June 15, 2012. The yield based on the new payout is 7.4%.

Horizon Bancorp (HBNC) operates as the bank holding company for Horizon Bank, N.A., which provides commercial and retail banking products and services in northwestern Indiana and southwestern Michigan. March 23rd the company increased its quarterly dividend 8.3% to $0.13 per share. The dividend is payable April 20, 2012 to shareholders of record on April 6, 2012. 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 and those expected to in 2012; 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: No position in the aforementioned stocks. See a list of all my dividend growth holdings here.

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1 Comments – Post Your Own

#1) On April 03, 2012 at 9:17 AM, Pitseven (< 20) wrote:

Because I'm fairly new to the stock market, it doesn't seem that .25 a quarter is that much of a big deal unless you're buying hundreds of shares.  Some of us don't have that kind of caoital.  I tend to pick the larger dividend, such as HCII, and there are quite a few out there. 

Working in the Casino industry we have a saying, "Never gamble more than you can afford to loose."  I'm in for the long-haul.

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