A vision is taking the time to contemplate and anticipate, in detail, what the future will bring. A financial vision needs to consider future earnings, savings and economic issues such as inflation. Then based on your vision, you formulate an action plan to ensure the best possible outcome given your unique circumstances. You can’t have a retirement plan until you have a retirement vision. It would seem to me that there are a lot or retirement plans out there but very few retirement visions.
A significant portion of my retirement planning includes dividend growth stocks. Here are a few select companies that have recently followed through on their vision of providing increased cash dividends to their shareholders:
Genesis Energy, L.P. (NYSE:GEL) operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States. January 7th the partnership increased its quarterly distribution 2.3% to $0.655 per unit. The distribution is payable February 12, 2016 to unitholders of record on January 29, 2016, with an ex-dividend date of January 27, 2016. The yield based on the new payout is 7.5%.
Tanger Factory Outlet Centers, Inc. (NYSE:SKT) is a real estate investment trust focused on developing, acquiring, owning, operating, and managing outlet shopping centers. January 7th the company increased its quarterly dividend 36% to $0.285 per share. The dividend is payable February 15, 2016 to stockholders of record on January 29, 2016, with an ex-dividend date of January 27, 2016. The yield based on the new payout is 3.5%.
Spectra Energy Corp (NYSE:SE) owns and operates a portfolio of natural gas-related energy assets in North America. January 5th the company increased its quarterly dividend 9.5% to $0.405 per share. The dividend is payable March 8, 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 6.6%.
Enterprise Products Partners L.P. (NYSE:EPD) provides midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, petrochemicals, and refined products in the United States and internationally. January 4th the partnership increased its quarterly distribution 1.3% to $0.39 per unit. The distribution is payable February 5, 2016 to unitholders of record on January 29, 2016, with an ex-dividend date of January 27, 2016. The yield based on the new payout is 6.1%.
