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7 Dividend Stocks Making Their Investors Smile With Higher Dividends

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March 17, 2014 – Comments (1) | RELATED TICKERS: CL , JMP , GIS

At the end of each month I do an evaluation to determine which dividend stocks I will purchase in the following month. There is always a warm feeling of joy that comes over me when I buy one of my "favorite" dividend growth stocks. These are stocks that have earned a special place in my heart and they all have one thing in common - they grow their consistently grow their dividends each year.

Below are several companies that made their investors smile this week with the promise of higher cash dividends:

Colgate-Palmolive Company (CL) manufactures and markets consumer products worldwide. March 13th the company increased its quarterly dividend 5.9% to $0.36 per share. The dividend is payable May 15, 2014 to stockholders of record on April 22, 2014. The yield based on the new payout is 2.3%.

Williams-Sonoma Inc. (WSM) operates as a multi-channel specialty retailer of home products. March 12th the company increased its quarterly dividend 6.5% to $0.33 per share. The dividend is payable May 28, 2014 to stockholders of record on April 25, 2014. The yield based on the new payout is 2.2%.

Vail Resorts, Inc. (MTN) operates resorts in the United States. March 12th the company increased its quarterly dividend 100% to $0.4150 per share. The dividend is payable April 16, 2014 to stockholders of record on April 1, 2014. The yield based on the new payout is 2.3%.

JMP Group Inc. (JMP), provides investment banking and asset management services in the United States. March 11th the company increased its quarterly dividend 12.5% to $0.045 per share. The dividend is payable April 11, 2014 to stockholders of record on March 28, 2014. The yield based on the new payout is 2.4%.

General Mills, Inc. (GIS) produces and markets branded consumer foods in the United States and internationally. March 11th the company increased its quarterly dividend 7.9% to $0.41 per share. The dividend is payable May 1, 2014 to stockholders of record on April 10, 2014. The yield based on the new payout is 3.2%.

First American Financial Corporation (FAF) provides title insurance, financial services and specialty insurance. March 11th the company increased its quarterly dividend 100% to $0.24 per share. The dividend is payable June 16, 2014 to stockholders of record on June 9, 2014. The yield based on the new payout is 3.4%.

Douglas Dynamics, Inc. (PLOW) engages in the design, manufacture, and sale of snow and ice control equipment for light trucks in the United States and Canada. March 7th the company increased its quarterly dividend 2.4% to $0.2175 per share. The dividend is payable March 31, 2014 to stockholders of record on March 21, 2014. The yield based on the new payout is 5.3%.

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 CL in my IRA. See a list of all my dividend growth holdings here.

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1 Comments – Post Your Own

#1) On March 19, 2014 at 3:25 PM, JaysRage (88.84) wrote:

I have become more of a respecter of solid, stable dividend stocks for a long-term easy "conservative" portfolio, but with one caveat.   You simply must write covered calls regularly to really do it right.   It will double your yield and put the investments in-line with a reasonable small cap growth portfolio.    Without that added feature of this type of investment, I think it's an under-performing strategy.   With it, it's in-line and pretty easy. 

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