15 Dividend Stocks Building Wealth With Dividend Increases
Have you ever wondered just where are all the get-rich-now infomercial millionaires? I know several people who have purchased one or more of these get-rich-now kits, but I don't know of anyone who actually got rich from purchasing the kit. Warren Buffett and Bill Gates didn't build their fortunes with a get-rich-now kit. They worked hard built it steadily over time.
In much the same way, a disciplined approach to investing, such as dividend growth stocks, can be highly effective. Though it may seem boring to many, I find it exciting to see my income growing as the finish line approaches.
Below are several companies building their shareholders' wealth with increased cash dividends:
The H.J. Heinz Company (HNZ) manufactures and markets food products for consumers, food-service, and institutional customers. May 26th the company increased its quarterly dividend 6.7% to $0.48 per share. The dividend is payable to shareholders of record as of June 24, 2011 on July 10, 2011. Including today's announcement, Heinz has increased the dividend almost 80% since Fiscal 2004, a compound annual growth rate of 7.5%. The yield based on the new payout is 3.6%.
Molson Coors Brewing Company (TAP) brews, markets, sells, and distributes beer brands. May 26th the company increased its quarterly dividend 14 % to $0.32 per share. The dividend is payable June 15, 2011, to shareholders of record on June 6, 2011. The yield based on the new payout is 2.8%.
Bunge Limited (BG) engages in the agriculture and food businesses in approximately 30 countries. May 26th the company increased its quarterly dividend 8.7% to $0.25 per share. The new dividend is payable on September 2, 2011, to shareholders of record on August 16, 2011. The yield based on the new payout is 1.4%.
The Cato Corporation (CATO) operates as a fashion specialty retailer for fashion and value conscious females principally in the southeastern United States. May 26th the company increased its quarterly dividend 24% to $0.23 per share. The dividend is payable on June 27, 2011 to shareholders of record on June 13, 2011.123... Read more