11 Stocks Building Wealth Through Higher Dividends

Some traditionalist would say your home is your greatest wealth building asset. I would argue it is not. Others would say your income is your greatest wealth building asset. Thought there is a lot of truth to the statement, it is still not your greatest wealth building asset.

So, what is your greatest wealth building asset? Everyone is born with it. Few realize its importance until they lose most of it. The asset is so priceless it can't be bought. Your most valuable wealth building asset is time.

With time, you can wait for blue-chip stocks to build a high yield by growing their dividends. Below are several companies building shareholder wealth by increasing their cash dividends:

Realty Income Corporation (NYSE:O) is a U.S. publicly traded real estate investment trust investing in commercial real estate. December 16th the company increased its monthly dividend 0.3% to $0.191 per share. The dividend is payable January 15, 2016 to stockholders of record on January 4, 2016, with an ex-dividend date of December 30, 2015. The yield based on the new payout is 4.6%.

CVS Health Corporation (NYSE:CVS) provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments. December 16th the company increased its quarterly dividend 21% to $0.425 per share. The dividend is payable February 2, 2016 to stockholders of record on January 22, 2016, with an ex-dividend date of January 20, 2016. The yield based on the new payout is 1.8%.

Amgen Inc. (NASDAQ:AMGN), a biotechnology company, discovers, develops, manufactures, and delivers human therapeutics worldwide. December 15th the company increased its quarterly dividend 26% to $1.00 per share. The dividend is payable March 8, 2016 to stockholders of record on February 16, 2016+, with an ex-dividend date of February 11, 2016. The yield based on the new payout is 2.5%.

Franklin Resources, Inc. (NYSE:BEN) is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. December 15th the company increased its quarterly dividend 20% to $0.18 per share. The dividend is payable January 13, 2016 to stockholders of record on December 29, 2015, with an ex-dividend date of December 24, 2015. The yield based on the new payout is 2.0%.

Moody's Corporation (NYSE:MCO) provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. The company operates through Moody's Investors Service and Moody's Analytics segments. December 15th the company increased its quarterly dividend 8.8% to $0.37 per share. The dividend is payable March 10, 2016 to stockholders of record on February 19, 2016, with an ex-dividend date of February 17, 2016. The yield based on the new payout is 1.5%.

The ADT Corporation (NYSE:ADT) provides monitored security, interactive home and business automation, and related monitoring services in the United States and Canada. December 15th the company increased its quarterly dividend 4.8% to $0.22 per share. The yield based on the new payout is 2.6%.

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) provides debt and equity financing to the energy efficiency and renewable energy markets in the United States. December 15th the company increased its quarterly dividend 15% to $0.30 per share. The dividend is payable January 7, 2016 to stockholders of record on December 30, 2015, with an ex-dividend date of December 28, 2015. The yield based on the new payout is 7.1%.

Pfizer Inc. (NYSE:PFE), a biopharmaceutical company, discovers, develops, manufactures, and sells healthcare products worldwide. December 14th the company increased its quarterly dividend 7.1% to $0.30 per share. The dividend is payable March 2, 2016 to stockholders of record on February 5, 2016, with an ex-dividend date of February 3, 2016. The yield based on the new payout is 3.7%.

The Boeing Company (NYSE:BA) designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. December 14th the company increased its quarterly dividend 20% to $1.09 per share. The dividend is payable March 4, 2016 to stockholders of record on February 12, 2016, with an ex-dividend date of February 10, 2016. The yield based on the new payout is 3.1%.

Waste Management, Inc. (NYSE:WM) provides various waste management environmental services to residential, commercial, industrial, and municipal customers in North America. December 14th the company increased its quarterly dividend 6.5% to $0.41 per share. The first dividend at the higher rate will be paid in March 2016. The yield based on the new payout is 3.2%.

The AES Corporation (NYSE:AES) operates as a diversified power generation and utility company. December 14th the company increased its quarterly dividend 10% to $0.11 per share. The dividend is payable February 16, 2016 to stockholders of record on February 2, 2016, with an ex-dividend date of January 29, 2016. The yield based on the new payout is 4.9%.

Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.

Disclosure: Full Disclosure: Long O in my Dividend Growth Portfolio. See a list of all  more

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