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Dividends4Life (31.74)

7 Dividend Stocks Sending More Cash To Shareholders

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September 06, 2010 – Comments (1) | RELATED TICKERS: FRD , MO , VZ

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:

Stage Stores (SSI) operates in the U.S., offering brand name and private label apparel, accessories, intimates, home, gifts, outerwear, cosmetics & footwear. August 27th the company increased its quarterly dividend 50% to $0.075/share. The dividend is payable on September 22, 2010 to shareholders of record at the close of business on September 7, 2010. The ex-dividend date is September 3, 2010. The yield based on the new payout is 2.69%.

Golar LNG (GLNG) owns and operates a fleet of liquefied natural gas, or LNG, carriers. August 27th the company raised its quarterly dividend to $0.15/share. The record date for the dividend is September 9, 2010, ex-dividend date is September 6, 2010 and the dividend will be paid on or about September 27, 2010. The yield based on the new payout is 5.43%.

Altria Group (MO) is the largest U.S. cigarette producer. August 27th the company increased its quarterly dividend 8.6% to $0.38/share. The dividend is payable on October 12, 2010 to shareholders of record as of September 15, 2010. The ex-dividend date is September 13, 2010. MO is a Dividend Achiever and has raised its dividend for 42 consecutive years. The yield based on the new payout is 6.81%.

Harris Corp. (HRS) focuses on communications equipment for voice, data and video applications for commercial and governmental customers. August 30th the company raised its quarterly dividend 14% to $0.25/share. The dividend is payable September 17, 2010, to shareholders of record September 8, 2010, with an ex-dividend date is September 6, 2010. The yield based on the new payout is 2.38%.

HCC Insurance (HCC) is a multi-line insurer specializing in aviation, marine, medical stop-loss, offshore energy and property and casualty insurance in the U.S. and the U.K. September 1st the company increased its quarterly dividend 7.4% to $0.145/share. The dividend is payable to stockholders of record on October 1, 2010 and will be paid on or about October 15, 2010. The ex-dividend date is September 29, 2010. HCC is a Dividend Achiever and has raised its dividend for 14 consecutive years. The yield based on the new payout is 2.24%.

Verizon Communications (VZ) offers wireline, wireless and broadband services primarily in the northeastern United States. September 2nd the company raised its quarterly dividend 2.6% to $0.4875/share. The dividend is payable on November 1, 2010, to Verizon Communications shareholders of record at the close of business on October 8, 2010. The ex-dividend date is October 6, 2010. The yield based on the new payout is 6.5%.

Friedman Industries (FRD) is engaged in steel processing, pipe manufacturing and processing, and steel and pipe distribution. September 2nd the company raised its quarterly dividend 100% to $0.08/share. The dividend is payableon November 19, 2010, to shareholders of record at the close of business on October 22, 2010. The ex-dividend date is October 20, 2010. The yield based on the new payout is 5.2%.

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: No position in the aforementioned securities. See a list of all my income holdings here.

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1 Comments – Post Your Own

#1) On September 06, 2010 at 3:23 PM, OlimDives (< 20) wrote:

Hi Dividend4Life. I have been reading several of your articles, and have enjoyed your posts. My name is Ben and am the recent founder of a new company that will target young adults and successful youth, providing everything from financial analysis and advise, stock lessons, interviews, and most importantly, what not to do with your money (like 100% in a savings account). We intend to set ourselves apart by not teach ing trading techniques, but rather investing for ones future retirement. We also will take the "dumb it down" approach that most high end companies (real money, morningstar, etc.) do not take. I have a network of contacts through family and friends that will enable a successful launch. I currently have a web site being designed by a group of professionals, and target a December launch. I am in search of 3-4 more staff writers to add to my business partner and I. I intend on having a large portion of the site designated to dividend stocks, including lessons and insight. Compensation of course would be provided as well. Of course, an "interview" like process would take place prior to any actual agreement. If you are interested in such a job please send me an email to bhubbard@olimdives.com. Hope to hear from you!

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