7 Stocks Delivering Higher Cash Dividends

If you closely follow the daily financial news as presented by the mainstream media, it is easy to become jaded and start believing that there isn't any good news out there. Don't be confused by the noise. There are still many great companies committed to generating superior returns and rewarding their shareholders by increasing cash dividends.

Below are several companies delivering good news to their shareholders with recently increased cash dividends:

Broadcom Limited (NASDAQ:AVGOAVGO) designs, develops, and supplies a range of analog and digital semiconductor connectivity solutions. Its product portfolio comprises broadband access and modems, enterprise and network processors, wireless infrastructure, wireless connectivity, Ethernet communication and switching, and set-top box and media processors. On June 2, the company increased its quarterly dividend 2% to $0.50 per share. The dividend is payable on June 30, 2016 to stockholders of record as on June 17, 2016, with an ex-dividend date of June 15, 2016. The yield based on the new payout is 1.3%.

American Tower Corporation (NYSE:AMT) is a real estate investment trust engaged in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers. On June 2, the company increased its quarterly dividend 3.9% to $0.53 per share. The dividend is payable on July 15, 2016 to stockholders of record as on June 17, 2016, with an ex-dividend date of June 15, 2016. The yield based on the new payout is 1.9%.

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) develops and operates the Cracker Barrel Old Country Store concept in the United States, consisting of a restaurant with a gift shop. On June 1, the company increased its quarterly dividend 4.5% to $1.15 per share. The dividend is payable on August 5, 2016 to stockholders of record as on July 15, 2016, with an ex-dividend date of July 13, 2016. In addition, the company declared special dividend of $3.25/share, payable on July 29 to shareholders on record as on July 15. The yield based on the new payout is 3.0%.

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Disclosure: Long CBRL in ...

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