14 Dividend Stocks Rewarding Shareholders With A Raise

NewMarket Corporation (NYSE:NEU), through its subsidiaries, engages in the petroleum additives businesses. The Company is the parent company of Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), NewMarket Services Corporation (NewMarket Services) and NewMarket Development Corporation (NewMarket Development). The company raised its quarterly dividend by 9.40% to $1.75/share. This marked the 13th consecutive annual dividend increase for this dividend achiever (2). Over the past decade, NewMarket Corporation (NYSE:NEU) has managed to increase annual dividends at a rate of 32.80%/year. The company managed to grow earnings per share from $5.62 in 2007 to $20.54 in 2016. NewMarket Corporation (NYSE:NEU) is expect to earn $20.11/share in 2017. The stock is overvalued at 22 times forward earnings and yields 1.60%. It may be worth a closer look on dips below $400/share.

Telephone & Data Systems, Inc. (NYSE:TDS), a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company raised its quarterly dividend by 4.70% to 15.50 cents/share. This marked the 43rd consecutive annual dividend increase for this dividend champion (1). Over the past decade, Telephone & Data Systems, Inc. (NYSE:TDS) has managed to increase annual dividends at a rate of 4.80%/year. The company has been unable to grow earnings per share in a sustainable way, since EPS went from $1.26 in 2006 to $0.39/share by 2016. Telephone & Data Systems, Inc. (NYSE:TDS) is expected to earn $0.45/hare in 2017. The stock is overvalued today and yields 2.10%. Unfortunately, I do not understand the company well enough, which has prevented me from ever acquiring a position in it. That being said, due to its size, it could sometime become an acquisition target, the timing of which would be uncertain of course.

Texas Pacific Land Trust (NYSE:TPL) holds title to tracts of land in the state of Texas, the United States. It manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust. The company raised its quarterly dividend by 6.90% to 31 cents/share. This marked the 14th consecutive annual dividend increase for this dividend achiever (2). Over the past decade, Texas Pacific Land Trust (NYSE:TPL) has managed to increase annual dividends at a rate of 9.10%/year. Texas Pacific Land Trust has a great history, and it is one of the oldest continuously traded companies in the US. The interesting point with Texas Pacific Land Trust (NYSE:TPL) is that it has been slowly buying back stock for over 100 years. This is why it is worth researching, despite the low yield of 0.12%. This is a stock for truly long-term investors that can hold the share certificates for decades. This Business Insider story is a pretty fascinating read.

Equity Lifestyle Properties, Inc. (NYSE:ELS) is a publicly owned real estate investment trust (REIT). The firm engages in the ownership and operation of lifestyle oriented properties. The company raised its quarterly dividend by 14.70% to 48.75 cents/share. This marked the 13th consecutive annual dividend increase for this dividend achiever (2). Over the past decade, Equity Lifestyle Properties, Inc. (NYSE:ELS) has managed to increase annual dividends at a rate of 29.40%/year. Funds from Operations rose from $1.36/share in 2006 to $3.27/share in 2016. The REIT is expected to generate $3.50/share in FFO in 2017. The stock is overpriced at 24 times FFO and yields 2.50%. It may be worth a second look if drops in the $66 – $70 range, or if it drops below the range.