7 Stocks That Recently Raised Dividends

There is no greater feeling to a dividend investor to get than the news that one of the companies you invest in is raising their dividend. Every time these companies do this, it is more money in your pocket. But just because a company raised dividends doesn’t mean their stock is worth buying. Yes a dividend is nice, but there is no point in earning one if your principal investment is going down the toilet.

With the most recent earnings season ending, many companies have finished announcing dividend increases. While the list below isn’t complete, I picked 7 companies who raised dividends that interest me the most.

Not all are worth investing your money in, so don’t get caught up by the large increases in quarterly payments.

Let’s get started.

7 Stocks Who Recently Raised Dividends

#1. Ingersoll Rand (NYSE: IR)

Ingersoll Rand is a diversified industrial company that has been around for over 100 years. The stock recently dropped this summer but has come roaring back.

In their recent earnings report, earnings per share came in at $1.49, beating estimates by $0.03. Revenues were up 6% compared to last year.

With the announcement of a 13% increase in the dividend, the stock is now yielding over 2%. And with the global economy slowly coming back, Ingersoll Rand is a good stock to buy and hold on to.

#2. American Financial Group (NYSE: AFG)

If you look at a stock chart of American Financial Group, it is a long term stockholders dream, which is a continuous slope that is increasing.

The company is an insurance holding company and also has does some business with investments as well. In their most recent earnings release, earnings per share came in at $1.61, beating by $0.27 and revenues were up 4% compared to last year.

When it comes to the dividend, the company raised it 12%, which brings the yield to a little more than 1%.

While a 1% dividend won’t excite most investors, there is no reason to believe the stock will hit any headwinds any time soon. However, since most dividend investors are interested in higher paying dividend stocks, this might be one to pass on.

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Disclosure: This author has no positions in any stock mentioned and does not plan to open any positions in any stocks mentioned for at least 72 hours after publication of this ...

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