Six Dividend Stocks Sending More Cash To Shareholders

South Jersey Industries Inc (NYSE:SJI), through its subsidiaries, provides energy-related products and services. It engages in the purchase, transmission, and sale of natural gas. The company raised its quarterly dividend by 3.30% to 27.25 cents/share. This marked the 18th consecutive annual dividend increase for this dividend contender. Over the past decade, the company managed to boost its annual dividends at a rate of 9%/year. This was much faster than the growth in earnings per share over the past decade. One item of note is that earnings per share have not grown over the past five years, which puts a cap on future dividend growth rates. Currently, the stock is overvalued at 24.60 times forward earnings and yields 3.30%. I would not consider initiating a position in the company at current levels.

Roper Technologies Inc (NYSE:ROP), a diversified technology company, designs and develops license and software-as-a-service software, and engineered products and solutions. The company raised its quarterly dividend by 16.70% to cents/share. This marked the 23rd consecutive annual dividend increase for this dividend contender. Over the past decade, the company managed to boost its annual dividends at a rate of 16.90%/year. Currently, the stock is overvalued at 28 times forward earnings and yields 0.80%. If the stock is ever available at a better entry valuation, I would consider it for inclusion. Unfortunately, I do not like to chase future growth, by overpaying for it.

York Water Co (NASDAQ:YORW) impounds, purifies, and distributes drinking water. It owns and operates two wastewater collection and treatment systems; and has two reservoirs comprising Lake Williams and Lake Redman. The company raised its quarterly dividend by 3% to 16.02 cents/share. This marked the 20th consecutive annual dividend increase for this dividend contender. Over the past decade, the company managed to boost its annual dividends at a rate of 3.70%/year. Currently, the stock is overvalued at 38.80 times forward earnings and yields 1.80%. The stock is so overvalued, that if I owned it, I would consider selling it if I owned it. This is despite the fact that I am against portfolio turnover.

Full Disclosure: Long BDX