Forget about those “Make 534% On Every Trade” ads that you see on many financial websites. Real wealth is built with sweat equity and a sound financial plan. A long-term buy-and-hold investing approach focusing on quality dividend growth stocks has provided the means for many investors to enjoy a comfortable retirement. If you start early enough, you will go beyond a comfortable retirement into the realm of building long-term wealth.
Below are several companies that are helping their shareholders build a comfortable retirement with higher dividends:
TELUS Corporation (NYSE:TU) provides a range of telecommunications products and services in Canada. On May 5, the company increased its quarterly dividend 4.5% to C$0.46 per share. The dividend is payable on July 4, 2016 to stockholders of record as on June 10, 2016, with an ex-dividend date of June 8, 2016. The yield based on the new payout is 4.6%.
Fortress Investment Group LLCÂ (NYSE:FIG) is a publicly owned investment manager. On May 5, the company increased its quarterly dividend 12% to $0.09 per share. The dividend is payable on May 20, 2016 to stockholders of record as on May 17, 2016, with an ex-dividend date of May 13, 2016. The yield based on the new payout is 7.5%.
Phillips 66Â (NYSE:PSX) operates as an energy manufacturing and logistics company. On May 4, the company increased its quarterly dividend 12% to $0.63 per share. The dividend is payable on June 1, 2016 to stockholders of record as on May 18, 2016, with an ex-dividend date of May 16, 2016. The yield based on the new payout is 3.2%.
CA, Inc. (NASDAQ:CA) provides information technology management software and solutions that help organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. On May 4, the company increased its quarterly dividend 2% to $0.255 per share. The dividend is payable on June 14, 2016 to stockholders of record as on May 26, 2016, with an ex-dividend date of May 24, 2016. The yield based on the new payout is 3.5%.
