19 High-Quality Dividend Stocks Cheaper Than LinkedIn

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May 20, 2011
My guess is not many of the level-headed, perceptive, beautiful readers of this website are frothing to jump on LinkedIn (LNKD) after today’s IPO. The “social network for professionals” closed its first day as a public company with an $8.91 billion valuation — or nearly 600 times its 2010 earnings.

Listed below are 19 logical, exceptionally stable alternatives for income investors. Each of these companies has a smaller market cap than LinkedIn despite paying an improved dividend total for at least 40 consecutive years.

American States Water Company (AWR) has raised its dividend every year dating back to 1955. The stock yields 3.37%.

Black Hills Corporation (BKH, Financial) has increased its annual payout every year dating back to 1970. The stock carries a 4.74% dividend yield.

California Water Service Group (CWT, Financial) has raised its dividend every year dating back to 1968. The stock yields 3.31%.

Cincinnati Financial Corporation (CINF, Financial) has raised its dividend every year dating back to 1961. The stock yields 5.16%.

Clarcor Inc. (CLC, Financial) has raised its dividend every year dating back to 1965. The stock yields 0.98%.

Commerce Bancshares, Inc. (CBSH, Financial) has paid an improved annual dividend total every year since 1969. The stock features a 2.13% dividend yield.

Connecticut Water Service, Inc. (CTWS, Financial) has raised its dividend every year dating back to 1970. The stock yields 3.70%.

Diebold Incorporated (DBD, Financial) has raised its dividend every year dating back to 1954. The stock yields 3.39%.

Federal Realty Investment Trust (FRT, Financial) has paid an improved annual dividend total every year since 1968. The stock features a 3.11% dividend yield.

H.B. Fuller Company (FUL, Financial) has paid an improved annual dividend total every year since 1970. The stock features a 1.41% dividend yield.

Hormel Foods Corporation (HRL, Financial) has increased its annual payout every year dating back to 1967. The stock carries a 1.69% dividend yield.

Lancaster Colony Corp. (LANC) has improved its annual dividend total every year since 1963. The stock features a 2.14% dividend yield.

National Fuel Gas Co. (NFG) has increased its annual payout every year dating back to 1971. The stock carries a 2.01% dividend yield.

Nordson Corporation (NDSN) has increased its annual payout every year dating back to 1964. The stock carries a 0.77% dividend yield.

Northwest Natural Gas (NWN) has paid an improved annual dividend total every year since 1956. The stock features a 3.85% dividend yield.

SJW Corp. (SJW) has increased its annual payout every year dating back to 1968. The stock carries a 3.09% dividend yield.

Stepan Company (SCL) has raised its dividend every year dating back to 1968. The stock yields 1.62%

Tootsie Roll Industries, Inc. (TR) has paid an increased annual dividend total every year since 1966. The stock features a 1.06% dividend yield.

Vectren Corporation (VVC) has increased its annual payout every year dating back to 1960. The stock carries a 4.88% dividend yield.