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%.
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