One of the many reasons I like dividend stocks is because they provide continuous feedback. As time passes, dividend investors see their income grow steadily. You don’t have to wait five to ten years to determine if the strategy is working. Each dividend and dividend increase provides reassurance that the strategy is working. When companies like 3M Company (MMM, Financial), Emerson Electric (EMR, Financial) and Dover Corp. (DOV, Financial) put together a string of consecutive dividend increases in excess of 50 years, they are sending a strong message to their shareholders.
Below are a few companies with not quite the legacy of those above, but nevertheless are providing positive feedback to their investors by with higher cash dividends:
Targa Resources (NGLS, Financial) is a natural gas midstream operator engaged in the business of gathering, compressing, treating, processing and selling natural gas and fractionating and selling natural gas liquids, or NGLs, and NGL products. October 8th the company increased its quarterly distribution to $0.5375/unit. The distribution is payable on November 12 to unitholders of record on October 18. The yield based on the new payout is 7.16%.
PAA Natural Gas Storage (PNG) is engaged in the business of acquisition, development, operation and commercial management of natural gas storage facilities. October 12th the company raised its quarterly distribution 58.8% to $0.3375/share. The distribution is payable on November 12, 2010, to holders of record of such units at the close of business on November 2, 2010. The ex-distribution date is October 29, 2010. The yield based on the new payout is 5.55%.
Bladex (BLX, Financial) is a Panama-based company that offers financial services for banks and corporations in Latin American and Caribbean. October 12th the company increased its quarterly cash dividend to $0.17/share. The dividend is payable on November 1, 2010 to stockholders registered as of October 22, 2010. The yield based on the new payout is 4.63%.
Goodrich (GR, Financial) is one of the world’s largest providers of equipment, parts and services to the large commercial, regional, business and military jet markets. October 12th the company raised its quarterly dividend 7% to $0.29/share. The dividend is payable December 30, 2010 to shareholders of record as of December 1, 2010. The yield based on the new payout is 1.51%.
Healthcare Services Group (HCSG, Financial) provides housekeeping, laundry, linen, facility maintenance and food services to hospitals and other health care facilities. October 12th the company increased its quarterly dividend 1% to $0.2325/share. The company also announced a 3-for-2 stock split. The yield based on the new payout is 3.80%.
Genesis Energy (GEL, Financial) operates crude oil common carrier pipelines, is an independent gatherer and marketer of crude oil, and operates a wholesale CO2 business. October 13th the company raised its quarterly distribution 3.3% to $0.3875/unit. The distribution will be paid on November 12, 2010, to unitholders of record at the close of business on November 2, 2010. The ex-distribution date is October 29, 2010. The yield based on the new payout is 6.15%
Calumet Specialty Products (CLMT, Financial) is an independent U.S. refiner and marketer that operates refineries in Louisiana and facilities in Pennsylvania and Texas, and distributes product throughout North America. October 13th the company increased its quarterly dividend to $0.46/unit. The distribution is payable on Nov. 12 to shareholders of record on Nov. 2. The ex-dividend date is Oct. 29. The yield based on the new payout is 8.79%.
Enterprise Products Partners L.P. (EPD, Financial) is an integrated provider of natural gas and natural gas liquids services, including processing, fractionation, storage, transportation, and terminalling. October 14th the partnership raised its quarterly distribution 1.3% to $0.5825/unit. The quarterly distribution will be paid on November 8, 2010, to unitholders of record as of the close of business on October 29, 2010. The ex-distribution date is October 27, 2010. EPD is a Dividend Achiever and has raised its dividend for 12 consecutive years. The yield based on the new payout is 5.60%.
Duncan Energy (DEP, Financial) gathers, transports, markets, and stores natural gas, as well as in transporting and storing natural gas liquids (NGLs) and petrochemicals in the U.S. October 14th the company raised its quarterly distribution to $0.4525/unit. The distribution is payable on Monday, November 8, 2010, to unitholders of record at the close of business on Friday, October 29, 2010. The ex-distribution date is October 27, 2010. The yield based on the new payout is 5.47%.
Enterprise GP Holdings (EPE, Financial) owns the general partner of Enterprise Products Partners, L.P. (EPD), a North American midstream energy company. October 14th the partnership increased its quarterly distribution 2.7% to $0.575/unit. The distribution is payable on November 8, 2010, to unitholders of record as of the close of business on October 29, 2010. The ex-distribution date is October 27, 2010. The yield based on the new payout is 3.63%.
A. Schulman (SHLM) sells plastic resins in various forms, which are used as raw materials by its customers, who include manufacturers, custom molders, processors and extruders. October 14th the company raised its quarterly dividend 3.3% to $0.155/share. The dividend is payable November 1, 2010, to shareholders of record on October 25, 2010. The ex-dividend date is October 21, 2010. The yield based on the new payout is 2.99%.
Omega Healthcare (OHI) invests in and provides financing to the long-term care industry. Its portfolio includes health care facilities in 27 states. October 14th the company increased its quarterly dividend 2.8% to $0.37/share. The dividend is payable November 15, 2010 to common stockholders of record on October 29, 2010. The ex-dividend date is October 27, 2010. The yield based on the new payout is 6.41%.
Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.
Full Disclosure: Long MMM, EMR. See a list of all my income holdings here.
Related Posts
- Seven Stingy Dividend Stocks
- Charlie Munger’s 10 Rules for Investment Success
- Passing the Torch – Part 1 of 2
- Retirement Planning With A Defined-Benefit Pension
- My Top 6 Performing Dividend Stocks Just Might Surprise You
Below are a few companies with not quite the legacy of those above, but nevertheless are providing positive feedback to their investors by with higher cash dividends:
Targa Resources (NGLS, Financial) is a natural gas midstream operator engaged in the business of gathering, compressing, treating, processing and selling natural gas and fractionating and selling natural gas liquids, or NGLs, and NGL products. October 8th the company increased its quarterly distribution to $0.5375/unit. The distribution is payable on November 12 to unitholders of record on October 18. The yield based on the new payout is 7.16%.
PAA Natural Gas Storage (PNG) is engaged in the business of acquisition, development, operation and commercial management of natural gas storage facilities. October 12th the company raised its quarterly distribution 58.8% to $0.3375/share. The distribution is payable on November 12, 2010, to holders of record of such units at the close of business on November 2, 2010. The ex-distribution date is October 29, 2010. The yield based on the new payout is 5.55%.
Bladex (BLX, Financial) is a Panama-based company that offers financial services for banks and corporations in Latin American and Caribbean. October 12th the company increased its quarterly cash dividend to $0.17/share. The dividend is payable on November 1, 2010 to stockholders registered as of October 22, 2010. The yield based on the new payout is 4.63%.
Goodrich (GR, Financial) is one of the world’s largest providers of equipment, parts and services to the large commercial, regional, business and military jet markets. October 12th the company raised its quarterly dividend 7% to $0.29/share. The dividend is payable December 30, 2010 to shareholders of record as of December 1, 2010. The yield based on the new payout is 1.51%.
Healthcare Services Group (HCSG, Financial) provides housekeeping, laundry, linen, facility maintenance and food services to hospitals and other health care facilities. October 12th the company increased its quarterly dividend 1% to $0.2325/share. The company also announced a 3-for-2 stock split. The yield based on the new payout is 3.80%.
Genesis Energy (GEL, Financial) operates crude oil common carrier pipelines, is an independent gatherer and marketer of crude oil, and operates a wholesale CO2 business. October 13th the company raised its quarterly distribution 3.3% to $0.3875/unit. The distribution will be paid on November 12, 2010, to unitholders of record at the close of business on November 2, 2010. The ex-distribution date is October 29, 2010. The yield based on the new payout is 6.15%
Calumet Specialty Products (CLMT, Financial) is an independent U.S. refiner and marketer that operates refineries in Louisiana and facilities in Pennsylvania and Texas, and distributes product throughout North America. October 13th the company increased its quarterly dividend to $0.46/unit. The distribution is payable on Nov. 12 to shareholders of record on Nov. 2. The ex-dividend date is Oct. 29. The yield based on the new payout is 8.79%.
Enterprise Products Partners L.P. (EPD, Financial) is an integrated provider of natural gas and natural gas liquids services, including processing, fractionation, storage, transportation, and terminalling. October 14th the partnership raised its quarterly distribution 1.3% to $0.5825/unit. The quarterly distribution will be paid on November 8, 2010, to unitholders of record as of the close of business on October 29, 2010. The ex-distribution date is October 27, 2010. EPD is a Dividend Achiever and has raised its dividend for 12 consecutive years. The yield based on the new payout is 5.60%.
Duncan Energy (DEP, Financial) gathers, transports, markets, and stores natural gas, as well as in transporting and storing natural gas liquids (NGLs) and petrochemicals in the U.S. October 14th the company raised its quarterly distribution to $0.4525/unit. The distribution is payable on Monday, November 8, 2010, to unitholders of record at the close of business on Friday, October 29, 2010. The ex-distribution date is October 27, 2010. The yield based on the new payout is 5.47%.
Enterprise GP Holdings (EPE, Financial) owns the general partner of Enterprise Products Partners, L.P. (EPD), a North American midstream energy company. October 14th the partnership increased its quarterly distribution 2.7% to $0.575/unit. The distribution is payable on November 8, 2010, to unitholders of record as of the close of business on October 29, 2010. The ex-distribution date is October 27, 2010. The yield based on the new payout is 3.63%.
A. Schulman (SHLM) sells plastic resins in various forms, which are used as raw materials by its customers, who include manufacturers, custom molders, processors and extruders. October 14th the company raised its quarterly dividend 3.3% to $0.155/share. The dividend is payable November 1, 2010, to shareholders of record on October 25, 2010. The ex-dividend date is October 21, 2010. The yield based on the new payout is 2.99%.
Omega Healthcare (OHI) invests in and provides financing to the long-term care industry. Its portfolio includes health care facilities in 27 states. October 14th the company increased its quarterly dividend 2.8% to $0.37/share. The dividend is payable November 15, 2010 to common stockholders of record on October 29, 2010. The ex-dividend date is October 27, 2010. The yield based on the new payout is 6.41%.
Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.
Full Disclosure: Long MMM, EMR. See a list of all my income holdings here.
Related Posts
- Seven Stingy Dividend Stocks
- Charlie Munger’s 10 Rules for Investment Success
- Passing the Torch – Part 1 of 2
- Retirement Planning With A Defined-Benefit Pension
- My Top 6 Performing Dividend Stocks Just Might Surprise You
