12 Stocks Delivering More Cash With Higher Dividends

Many Americans are worried that they might not have enough money for retirement. Women who outlive their husbands are at special risk, with 40 percent of widows living almost exclusively on Social Security. There are a lot of worried retirees out there. So, what are your retirement plans? Quality low-risk dividend growth stocks make an excellent addition to our retirement portfolio, and the good news is, you don't have to wait until you retire to figure out what income it will generate.

Below are several companies delivering more cash to their shareholders by raising their dividends:

Tiffany & Co. (NYSE:TIF) designs, manufactures, and retails jewelry and other items worldwide. On May 26 the company increased its quarterly dividend 12% to $0.45 per share. The dividend is payable July 11, 2016 to stockholders of record on June 20, 2016, with an ex-dividend date of June 16, 2016. The yield based on the new payout is 2.9%.

Canadian Imperial Bank of Commerce (NYSE:CM), a diversified financial institution, provides various financial products and services to individuals and small businesses; and commercial, corporate, and institutional clients in Canada and internationally. On May 26 the company increased its quarterly dividend 2.5% to C$1.21 per share. The dividend is payable July 28, 2016 to stockholders of record on June 28, 2016, with an ex-dividend date of June 24, 2016. The yield based on the new payout is 4.7%.

Extra Space Storage, Inc. (NYSE:EXR) engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. On May 26 the company increased its quarterly dividend 32% to $0.78 per share. The dividend is payable June 30, 2016 to stockholders of record on June 15, 2016, with an ex-dividend date of June 13, 2016. The yield based on the new payout is 3.8%.

Flowers Foods, Inc. (NYSE:FLO) produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery and Warehouse Delivery. On May 26 the company increased its quarterly dividend 10% to $0.16 per share. The dividend is payable June 23, 2016 to stockholders of record on June 9, 2016, with an ex-dividend date of June 7, 2016. The yield based on the new payout is 3.5%.

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