13 Stocks Using Real Cash To Pay Higher Dividends

We have all heard it… Stodgy, for old people, yawn, boring! These have all been used to describe dividend growth investing. As a dividend growth investor, I sometimes think our strategy is the most misunderstood. It seems everyone understands a traders mentality and a high-yield mentality. Periodically, it is good to remind ourselves that dividend growth provides us with excellent long-term leverage. Below are several stocks using real cash to raise their dividends: Raytheon Company's (RTN) is a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. March 24th the company increased its quarterly dividend 15% $0.43/share. The dividend is payable on April 28, 2011 to shareholders of record as of the close of business on April 6, 2011. The yield based on the new payout is 3.4%. Steelcase Inc. (SCS) engages in the manufacture and sale of furniture systems and seating products. March 24th the company increased its quarterly dividend 50% to $0.06/share. The dividend is payable on or before April 13, 2011 to shareholders of record as of April 1, 2011. The yield based on the new payout is 2.3%. Fifth Third Bancorp (FITB) is a diversified financial services company headquartered in Cincinnati, Ohio. March 22nd the company increased its quarterly dividend 500% to $0.06/share. The dividend is payable on Thursday, April 21, 2011 to shareholders of record as of Friday, April 1, 2011. The yield based on the new payout is 1.7%. BNY Mellon (BK) is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. March 22nd the company increased its quarterly dividend 44% to $0.13/share. The dividend is payable on May 10, 2011, to holders of record as of the close of business on April 29, 2011. The yield based on the new payout is 1.8%. Medicis (MRX) is the leading independent specialty pharmaceutical company in the United States focusing primarily on the treatment of dermatological and aesthetic conditions. March 22nd the company increased its quarterly dividend 33% to $0.08/share.... Read more