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Dividend stocks update: Building a carefully curated long-term dividend strategy is a reliable way to reap consistent returns on investment dollars.
Indeed, a study conducted by Morgan Stanley showed that 42% of the stock market's total returns since 1930 are thanks to dividends. In four of the past eight decades, dividends contributed more to equity returns than capital appreciation.
Money Morning Chief Investment Strategist Keith Fitz-Gerald says the best dividend strategy is to go after companies that boost payouts. "The best companies are dividend growers, meaning they are constantly increasing their dividends. It's in your interest to acquire them because you benefit not only from the cold hard cash paid out from time to time, but also from the growth in your cash flow."
Some 60 companies sweetened the payout pot last week. Following are 30 notable dividend increases for the week ending March 7.
Dividend-Paying Stocks That Just Hiked Their Payouts
Agree Realty Corp. (NYSE: ADC) increased its dividend $0.02 to $0.43 a share for a 5.54% yield.
American Tower Corp. (NYSE: AMT) upped its dividend 10% to $0.32 a share for a 1.43% yield.
Bank of Nova Scotia (NYSE: BNS) boosted its dividend 3.2% to $0.57 a share for a 4% yield.
British American Tobacco PLC (NYSE ADR: BTI) increased its semi-annual payout 124% to $3.26 a share for a 4.26% yield.
Canadian Natural Resources Ltd. (NYSE: CNQ) raised its payout 12.5% to $0.20 a share for a 2.2% yield.
Just-released: Of the almost 5,000 dividend-paying stocks to choose from, these three companies provide superior payouts and superior long-term grown potential.
Cato Corp. (Nasdaq: CATO) increased its dividend a quarter to $0.30 a share for a 4.4% yield.
Credit Suisse Group AG (NYSE ADR: CS) hiked its annual dividend 644% to $0.79 a share.
Devon Energy Corp. (NYSE: DVN) boosted its payout by $0.02 to $0.24 a share for a 1.36% yield
Family Dollar Stores Inc. (NYSE: FDO) fattened its dividend a nickel to $0.31 a share for a near 2% yield.