10 New Dividend Stocks for Income Investors to Watch
Great dividend growth stocks aren’t made overnight, but they do all get their start in the exact same way: By declaring their very first dividend. Below is a roundup of companies that recently made the decision to regularly return cash to shareholders.
The following companies either declared their very first dividend this week, or reinstated a regular dividend they were forced to halt in the past. Perhaps the next great dividend growth stock is among them.
Ashford Hospitality Trust, Inc. (AHT) reinstated its quarterly dividend at $0.10 per share. The hospitality-foceused REIT last paid a dividend of $0.28 back in 2008. Shares of AHT now yield 3.64% at their current price of $11.00.
Interpublic Group of Companies, Inc. (IPG) reinstated its quarterly dividend of $0.06 per share. This will be the first time the advertising and marketing company has returned cash to shareholders since 2002. Shares of AHT now yield 1.90% at their current share price of $12.60.
Kohl’s Corporation (KSS) declared a quarterly dividend of $0.25 per share, the first from the operator of family-oriented department stores. Shares of KSS are trading at $53.54, where they now yield 1.86%.
Macquerie Infrastructure Company LLC (MIC) announced plans to declare a first quarter dividend of $0.20 per share, which would be the first from the infrastructure holding company since 2008. Shares of MIC are currently trading at $23.83, where the anticipated payout would produce a 3.36% dividend yield.
MercadoLibre, Inc. (MELI), which hosts the largest trading platform in Latin America, initiated a quarterly dividend of $0.08 per share. Shares of MELI are currently trading at $67.10, where they now feature a 0.48% dividend yield.
Rimage Corporation (RIMG), a provider of digital publishing solutions, initiated a quarterly dividend of $0.10 per share. Shares of MELI are currently trading at $15.12, where they now yield 2.65%.
Terreno Realty Corporation (TRNO), an industrial REIT that went public just last February, initiated a quarterly dividend of $0.10 per share. Shares of TRNO are currently trading at $17.72, where they now yield 2.26%.
Texas Roadhouse, Inc. (TXRH), owner/operator/franchisor of the restaurant chain of the same name, initiated a quarterly dividend of $0.08 per share. Shares of TXRN are currently trading at $17.19, where they now yield 1.86%.
WellPoint, Inc. (WLP) declared a quarterly dividend of $0.25 per share, the health benefit company’s first. Shares of WLP are trading at $66.41, where they now feature a 1.51% dividend yield.
Williams Controls, Inc. (WMCO) initiated a quarterly dividend of $0.12 per share. The throttle control systems company has paid sporadic dividends in the past, but never established a quarterly dividend policy. Shares of WMCO now feature a 4.25% dividend yield at their current share price of $11.30.
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