3 Solid Companies Just Raised Dividends - Time To Buy?

This month, several companies announced substantial increases in their dividends. Here, we highlight three of these companies: FedEx, Alexandria Real Estate Equities, and Welltower.

FedEx Corporation 

FedEx Corporation FDX offers a wide range of services, including transportation, e-commerce solutions, and business services both domestically and internationally. The company operates through various segments such as FedEx Express for air and international shipping, FedEx Ground for residential and commercial ground delivery, FedEx Freight for less-than-truckload shipping, and FedEx Services for IT, marketing, and customer service. 

FedEx announced a 9.50% increase in its quarterly dividend on Monday, raising it to $1.38 per share, or $5.52 annually, yielding 1.99%. This dividend will be payable on July 9 to stockholders of record on June 24. 

FedEx has a strong dividend track record with 23 years of continuous payments and three consecutive years of increases. 

In the past year, the company generated $87.5 billion in revenue and $4.39 billion in net income.

Welltower

Welltower Inc. WELL focuses on investing in health care infrastructure, including senior housing, post-acute care facilities, and outpatient medical centers across major markets in the U.S., Canada, and the U.K. 

On June 3, Welltower announced its first dividend increase since 2017, raising its quarterly dividend to $0.67 per share. The annual yield is 2.36%. 

Welltower has a strong history of maintaining dividend payments for 49 years. 

In the last twelve months, the company achieved $6.9 billion in revenue and $441.6 million in net income. The stock has gained over 16% year-to-date, and the company has exceeded consensus EPS estimates for the last six quarters.

Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc. ARE is a prominent REIT specializing in life science, agtech, and advanced technology properties. Since its inception in 1994, Alexandria has developed and managed collaborative campuses in key innovation hubs such as Boston, San Francisco, and New York. 

Last week, the company announced a 2.4% increase in its quarterly dividend to $1.30 per share, or $5.20 annually, with a yield of 4.56%. This dividend will be paid on July 15 to shareholders on record as of June 28. 

Alexandria has maintained its dividends for 28 years and increased them for the past 13 years. 

Over the last twelve months, Alexandria reported $2.95 billion in revenue and $196.3 million in net income.

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