5 Dividend Stocks Working Even When I'm Not

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This past week I have been vacationing more than 1,500 miles from my home. As with most vacations, I have not done much work this week. However, a quick check of my brokerage account shows that my dividend stocks have been very busy. It is nice to know my income portfolio never takes a day off. What's even better is the portfolio is frequently getting a raise through higher cash dividend payments.

Here are several select companies that have recently provided their shareholders a raise with increased cash dividends:

Stage Stores (NYSE: SSI  ) is a specialty department store retailer operating in the U.S., offering brand name and private label apparel, accessories, intimates, home, gifts, outerwear, cosmetics, and footwear. June 14, the company increased its quarterly dividend 50% to $0.075/share. The new quarterly dividend rate of will be applicable to dividends declared after June 23, 2010. The yield based on the new payout is 2.34%.

BioMed Realty Trust (NYSE: BMR  ) acquires, develops and manages laboratory and office space for the life science industry. June 15, the company increased its quarterly dividend 7.1% to $0.15/share. The dividend is equivalent to an annualized dividend of $0.60 per common share. The yield based on the new payout is 3.33%.

John Wiley & Sons (NYSE: JW-A  ) is a global publisher that produces print and electronic products, providing content and solutions to customers worldwide. June 17, the company increased its quarterly dividend 14% to $0.16/share. The dividend is payable on July 14, 2010, to shareholders of record on July 6, 2010. The ex-dividend date is July 2, 2010. JW-A is a Dividend Achiever and has raised its dividend for 17 consecutive years. The yield based on the new payout is 1.65%.

CreXus Investment (NYSE: CXS  ) is a specialty finance company that acquires, manages, and finances, commercial mortgage loans and other commercial real estate-related assets. June 17, the company increased its quarterly dividend 71% to $0.12/share. The dividend is payable July 28, 2010, to common shareholders of record on June 28, 2010. The ex-dividend date is June 24, 2010. The yield based on the new payout is 3.88%.

Annaly Capital (NYSE: NLY  ) owns and manages a portfolio of agency mortgage-backed securities and operates a fixed income asset management business. June 17, the company increased its quarterly dividend 4.6% to $0.68/share. The dividend is payable July 29, 2010, to common shareholders of record on June 29, 2010. The ex-dividend date is June 25, 2010. The yield based on the new payout is 15.54%.

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.

Full disclosure: No position in the aforementioned securities. See a list of all the author's income holdings here.

John Wiley & Sons is a Motley Fool Stock Advisor recommendation. The Motley Fool has a disclosure policy.

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12/31/1969 7:00 PM
BMR.DL $0.00 Down +0.00 +0.00%
BioMed Realty Trus… CAPS Rating: ***
CXS.DL.DL $0.00 Down +0.00 +0.00%
CreXus Investment CAPS Rating: ***
JW-A $51.60 Down -0.05 -0.10%
John Wiley and Son… CAPS Rating: *****
NLY $10.37 Up +0.20 +1.97%
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SSI $5.17 Down -0.08 -1.52%
Stage Stores CAPS Rating: *