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Five stocks that will boost their dividend this summer

We are rapidly approaching the summer months, which tends to result in lower trading volumes, and a slower stream of financial news to move the overall market.

As a result, the summer months tend to underperform the rest of the year, and with the market recently hitting record highs there is growing concern on Wall Street of a possible summer sell off this year.

While the major indexes have all paused as of late, dividend stocks have continued to show strength, and will likely continue to do so through the low volume summer months.

This is partially due to the view that dividend-paying companies are more stable, and that management would not continue to pay out quarterly dividends if they were at all concerned about the company’s underlying business.

To illustrate just how strong dividend-paying stocks have been as of late, you only need to take a look at a current chart for the PowerShares Dividend Achievers ETF (PFM), which is now trading at its 52-week high.

Dividend stocks will likely remain in favor on Wall Street, and companies with a solid track record of annual dividend increases will be particularly strong. Here are five stocks that should announce their next dividend increase this summer.

PFM

Chart courtesy of www.stockcharts.com

Symbols: , , , ,

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.