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Saturday, June 8, 2013

9 Dividend Stocks Providing A Growing Income

Kids looking through bins of Webkinz at a Crac...
Kids looking through bins of Webkinz at a Cracker Barrel in Pueblo, Colorado, USA. (Photo credit: Wikipedia)
By Dividend Growth Stocks

Boca Raton, Jun.8, hot stock picks .- How much money will you need for retirement? This a very difficult question to answer. There are many factors and assumptions that go into estimating the income that will be needed in retirement. However, one certainty is that if you only invest in fixed income instruments, you will need more than if your investments provide you a growing income.

Below are several companies that are providing their shareholders a growing income with higher cash dividends:

Concurrent Computer Corporation (CCUR) provides software, hardware, and professional services for the video market in North America, the Asia Pacific, Europe, and South America. June 6th the company increased its quarterly dividend 100% to $0.12 per share. The dividend is payable June 28, 2013 to shareholders of record at the close of business on June 17, 2013. The yield based on the new payout is 6.7%.

Universal Health Realty Income Trust (UHT) operates as a real estate investment trust (REIT) in the United States. June 5th the company increased its quarterly dividend 0.8% to $0.625 per share. The dividend is payable June 28, 2013 to shareholders of record as of June 17, 2013. The yield based on the new payout is 5.5%.

Helmerich & Payne, Inc. (HP) engages in the contract drilling of oil and gas wells. June 5th the company increased its quarterly dividend 233% to $0.50 per share. The dividend is payable on August 30, 2013 to shareholders of record at the close of business on August 15, 2013. The yield based on the new payout is 3.2%.

Acme United Corporation (ACU) supplies cutting, measuring, and first aid products to the school, home, office, hardware, sporting goods, and industrial markets. June 4th the company increased its quarterly dividend 14% to $0.08 per share. The dividend is payable July 3, 2013 to stockholders of record on the close of business on June 15, 2013. The yield based on the new payout is 2.5%.

Newcastle Investment Corp. (NCT) operates as a real estate investment and finance company in the United States. June 3rd the company increased its quarterly dividend 64.8% to $0.17 per share. The dividend is payable July 31, 2013 to shareholders of record on June 13, 2013. The yield based on the new payout is 12.9%.

DuPont Fabros Technology, Inc. (DFT), a real estate investment trust (REIT), engages in the ownership, acquisition, development, operation, management, and lease of large-scale data center facilities in the United States. June 3rd the company increased its quarterly dividend 25% to $0.25 per share. The dividend is payable July 15, 2013 to shareholders of record as of July 5, 2013. The yield based on the new payout is 4.1%.

Cracker Barrel Old Country Store, Inc. (CBRL) develops and operates the Cracker Barrel Old Country Store restaurant and retail concept in the United States. Its restaurants provide breakfast, lunch, and dinner. June 3rd the company increased its quarterly dividend 50% to $0.75 per share. The dividend is payable August 5, 2013 to shareholders of record as of July 19, 2013. The yield based on the new payout is 3.1%.

Neenah Paper, Inc. (NP) produces technical products and fine papers worldwide. May 30th the company increased its quarterly dividend 33% to $0.20 per share. The dividend is payable September 3, 2013 to shareholders of record as of August 16, 2013. The yield based on the new payout is 2.5%.

American Realty Capital Properties, Inc. (ARCP) owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. May 30th the company increased its monthly dividend 1.1% to $0.07583 per share. The dividend is payable June 15, 2013 to stockholders of record at the close of business on June 8, 2013. The yield based on the new payout is 5.9%.

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.
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