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16 More Dividend Stocks To Buy Before The Ex-Dividend Date 08/31/15

16 More Dividend Stocks To Buy Before The Ex-Dividend Date

 

In recent months, we've highlighted companies with lengthy histories of raising their dividends year after year. That quality adds to the compounding achieved by investing through Dividend Reinvestment Plans (DRIPs) , which make it easy and efficient to follow a strategy of Dollar-Cost Averaging-that is, making regular investments to amass holdings over a period of time at a variety of price points.

 

Currently, there are more than 300 companies that have raised their dividend for at least five straight years and offer company-sponsored DRIPs. Owning such companies enhances returns by using reinvested dividends that are steadily rising to generate their own dividends.


Among the companies that have recently declared a dividend increase are Dover Corp. (DOV) (60 straight years, Ex-Div. 8/27/15), Stanley Black & Decker (SWK) (48 years, Ex-Div. 9/2/15), Federal Realty Investment Trust (FRT) (48 years, Ex-Div. 9/18/15), and Illinois Tool Works (ITW) (41 years, Ex-Div. 9/28/15). Buying such stocks just before the Ex-Dividend Date gets the “compounding machine” running as soon as possible, so keeping an eye on the previous year's increase date provides a distinct advantage over other investors.

 

Here's a sampling of candidates that have established a history of steadily rising dividends and have Ex-Dividend Dates coming up in the weeks ahead:

 

Company
Name

Ticker
Symbol

No.
Yrs

7/31
Price

Div.
Yield

MR%
Inc.

LY
Ex-Div

Ann.
Div.

DGR
5-yr

Harris Corp.

HRS

13

82.94

2.27

11.90

9/5/14

1.88

16.2

Altria Group Inc.

MO

45

54.38

3.82

8.33

9/11/14

2.08

8.6

Community Bank System

CBU

22

38.23

3.14

7.14

9/11/14

1.20

5.3

New Jersey Resources

NJR

19

28.90

3.11

7.14

9/18/14

0.90

6.6

Philip Morris International

PM

7

85.53

4.68

6.38

9/23/14

4.00

12.0

Parker-Hannifin Corp.

PH

59

112.75

2.24

31.25

10/6/14

2.52

15.7

Brady Corp.

BRC

29

23.52

3.40

2.56

10/8/14

0.80

2.8

Clarcor Inc.

CLC

31

60.17

1.33

17.65

10/8/14

0.80

14.1

OGE Energy Corp.

OGE

8

29.76

3.36

11.11

10/8/14

1.00

5.4

Raven Industries

RAVN

28

19.43

2.68

8.33

10/8/14

0.52

12.7

Verizon Communications

VZ

10

46.79

4.70

3.77

10/8/14

2.20

2.9

Yum! Brands Inc.

YUM

11

87.76

1.87

10.81

10/15/14

1.64

14.3

RPM International Inc.

RPM

41

46.87

2.22

8.33

10/16/14

1.04

4.0

Northwest Natural Gas

NWN

59

43.29

4.27

0.54

10/29/14

1.85

2.9

Texas Instruments

TXN

11

49.98

2.72

13.33

10/29/14

1.36

22.5

Tompkins Financial Corp.

TMP

28

54.05

3.11

5.00

10/31/14

1.68

5.6

 

 

 

No.Yrs=Consecutive years of higher dividends; MR=Most Recent; DGR=Dividend Growth Rate. For a list of No-fee company-sponsored DRIPs, click here: http://www.directinvesting.com/search/no_fees_list.cfm


Note that it may take several weeks to complete the enrollment in a company's DRIP, so becoming a participant in the plan may mean missing the next dividend, but the important thing to remember is that another dividend is just around the corner, so patience - always important in long-term investing --will pay its own dividend over time.