Dividends Value » ELS

13 Dividend Stocks Providing A Growing Income *

D4L — Fri, 12 Nov 2010 07:30:21 +0000

How much money will you need for retirement? This a very difficult question to answer. There are many factors and assumptions that go into estimating the income that will be needed in retirement. However, one certainty is that if you only invest in fixed income instruments, you will need more than if your investments provide you a growing income.

Below are several companies that are providing their shareholders a growing income through higher cash dividends:

Cinemark (CNK) is a motion picture exhibition company that operates in U.S., Canada, Mexico, Argentina, Brazil, Chile, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Colombia. November 5th the company increased its quarterly dividend 16.7% to $0.21/share. The dividend is payable on December 7, 2010 to stockholders of record on November 22, 2010. The ex-dividend date is November 18, 2010. The yield based on the new payout is 4.52%.

TELUS (TU) is a Canadian telecommunications company, providing a range of telecommunications products and services. November 5th the company raised its quarterly dividend 5% C$0.525/share. The yield based on the new payout is 4.81%.

Equifax (EFX) is a leading worldwide source of consumer and commercial credit information. November 8th the company increased its quarterly dividend 300% to $0.16/share. The dividend is payable on Dec. 15 to shareholders of record on Nov. 24. The ex-dividend date is Nov. 22. The yield based on the new payout is 1.84%.

Mesa Laboratories (MLAB) designs, manufactures, and markets instruments and disposable products for industrial applications and healthcare. November 8th the company raised its quarterly dividend 9.1% to $0.12/share. The dividend is payable December 15, 2010, to shareholders of record on November 29, 2010. The ex-dividend date is November 25, 2010. The yield based on the new payout is 1.88%.

Baxter Int’l (BAX) is a global medical products and services company provides critical therapies for people with life-threatening conditions. November 9th the company increased its quarterly dividend 7% to $0.31/share. The dividend is payable on January 5, 2011, to shareholders of record as of the close of business on December 10, 2010. The ex-dividend date is December 8, 2010. The yield based on the new payout is 2.40%.

Estée Lauder (EL) is one of the world’s leading manufacturers and marketers of skin care, makeup and fragrance products. November 9th the company raised its annual dividend 36% to $0.75/share. The dividend is payable on December 15, 2010 to stockholders of record at the close of business on November 29, 2010. The ex-dividend date is November 25, 2010. The yield based on the new payout is 1.06%.

Automatic Data Processing (ADP) is one of the world’s largest independent computing services companies and provides a broad range of data processing services. November 9th the company increased its quarterly dividend 6% to $0.36/share. The dividend is payable on January 1, 2011 to shareholders of record at December 10, 2010. The ex-dividend date is December 8, 2010. ADP is a Dividend Aristocrat and has raised its dividend for 35 consecutive years. The yield based on the new payout is 3.2%.

Timken (TKR) manufactures anti-friction bearings and assemblies, alloy steels and aerospace power transmission systems and provides related products and services. November 9th the company raised its quarterly dividend 38% to $0.18/share. The dividend is payable on December 2, 2010, to shareholders of record as of November 22, 2010. The ex-dividend date is November 18, 2010. The yield based on the new payout is 1.67%.

Prudential Financial (PRU) provides a wide range of insurance, investment management and other financial products and services to customers in the U.S. and overseas. November 9th the company increased its annual dividend 64% to $1.15/share. The dividend is payable on December 17, 2010, to shareholders of record at the close of business on November 23, 2010. The ex-dividend date is November 19, 2010. The yield based on the new payout is 2.10%.

Tennant (TNC) designs, manufactures, and markets cleaning solutions. November 9th the company raised its quarterly dividend 21% to $0.17/share. The dividend is payable on Dec. 15 to shareholders of record on Nov. 30. The ex-dividend date is Nov. 26. TNC is a Dividend Achiever and has raised its dividend for 36 consecutive years. The yield based on the new payout is 1.94%.

Equity LifeStyle Props (ELS) trust owns and operates manufactured housing communities throughout the U.S. November 9th the company increased its annual dividend 25% to $1.50 for 2011. Yield on the 2011 dividend is 2.58%.

AmerisourceBergen (ABC) is a distributor of pharmaceutical products and related health care services and was formed via the August 2001 merger of Amerisource Health Corp. and Bergen Brunswig Corp. November 11th the company raised its quarterly dividend 25% to $0.10/share. The dividend is payable December 6, 2010, to stockholders of record at the close of business on November 22, 2010. The ex-dividend date is November 18, 2010. The yield based on the new payout is 1.27%.

MDU Resources (MDU) is involved in electric and natural gas distribution, natural gas storage, gathering and transmission, construction materials and mining, and oil and natural gas production. November 11th the company increased its quarterly dividend 3.2% to $0.1625/share. The dividend is payable January 1, 2011 to stockholders of record December 9, 2010. The ex-dividend date is December 7, 2010. MDU is a Dividend Achiever and has raised its dividend for 20 consecutive years. The yield based on the new payout is 2.06%.

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 ADP. See a list of all my income holdings here.

(Photo Credit)

Dividend Stocks: Lowering Risk By Increasing Dividends *

D4L — Fri, 14 Aug 2009 10:30:53 +0000

If your goal is to accumulate wealth for a comfortable retirement, then there is no risk-free path. Throughout time every angle has been tried and failed. Inherently, individual stocks will carry higher risk due to the lack of diversification when evaluated on a stand-alone basis. However, you can mitigate some of this risk by selecting solid dividend paying companies with a track record of increasing their dividends each year.

Below are several companies stepping forward in uncertain time and rewarding their shareholders with higher cash dividends:

Chemed (CHE) provides hospice services for patients with severe, life-limiting illnesses; and also provides plumbing and drain cleaning services. This past week, the company raised its quarterly dividend 100% to $0.12/share. The dividend is payable on September 4, 2009, to shareholders of record as of August 17, 2009. It is the 153rd consecutive quarterly dividend paid by Chemed in its 38 years as a public company. The current yield based on the new dividend is 1.10%.

Broadridge Financial (BR) provides technology-based outsourcing solutions to the financial services industry. On Tuesday, the company increased its annual dividend for fiscal year 2010 to $0.56/share from $0.28/share. The current yield based on the new dividend is 2.86%.

Equity LifeStyle Properties (ELS) is a real estate investment trust owns and operates manufactured housing communities throughout the U.S. Earlier this week, the company boosted its quarterly dividend 20% to $0.30/share. The dividend will be paid on October 9, 2009 to shareholders of record on September 25, 2009. The current yield based on the new dividend is 2.80%.

Kinross Gold (KGC) is the fourth largest primary gold producer in North America and is the fifth largest in the world. The company has nine mines in Canada, the U.S., Brazil, Russia and Chile. Yesterday, the company boosted its quarterly dividend by 25% to $0.05/share. The current yield based on the new dividend is 1.01%.

Consolidated Water (CWCO) develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, Belize, the British Virgin Islands, and The Bahamas. Thursday, the company increased it quarterly dividend to $0.075/share. The current yield based on the new dividend is 1.50%.

Connecticut Water Service (CTWS) is a provider of regulated water utility services to customers in Connecticut also conducts unregulated operations. On August 12th, the company increased its quarterly dividend by 2.2% to $0.2275/share. The dividend is payable September 15, 2009, to shareholders of record as of September 1, 2009. The ex-dividend date is September 29. CTWS is a Dividend Champion that has increased its dividend for 40 consecutive years. The current yield based on the new dividend is 4.08%.

Many companies have chosen to reward their shareholders with annual dividend increases. For stocks with a long string of consecutive dividend increases, see this list.

Full Disclosure: No position in the aforementioned stock. See a list of all my income holdings here.

(Photo Credit)

Looking for the Perfect Dividend Stock *

D4L — Fri, 14 Nov 2008 11:30:00 +0000

In an utopian world, the perfect dividend stock would be one that is both high-yield and provide a high dividend growth rate. Its share price would appreciate ratable with its increasing dividend. All of this would be driven by increasing earnings and cash flow.

I haven’t found the perfect dividend stock yet. However, here are several stocks that recently raised their raised their cash dividends:

Community Trust Bancorp (CTBI) Boosts Qtr. Dividend by 3.45% to $0.30/Share (4.11%)
Baxter International (BAX) Raises Qt Dividend 20% to $0.26/Share (1.76%)
Automatic Data Processing (ADP) Increases Qtr. Dividend 13% to $0.33/Share (3.88%)
Massey Energy (MEE) Boosts Qtr. Dividend 20% to $0.06/Share (1.43%)
Bob Evans Farms (BOBE) Raises Qtr. Dividend by 14.3% to $0.16/Share (3.83%)
Equity LifeStyle Properties (ELS) Increases Qtr. Dividend by 25% to $0.25/Share (2.29%)
CNB Financial (CCNE) Boosts Qtr. Dividend by 3% to $0.165/Share (5.28%)
BorgWarner (BWA) Raises Qtr. Dividend 9% to $0.12/Share (2.80%)
New Jersey Resources (NJR) Increases Qtr. Dividend by 10.7% to $0.31/Share (3.15%)
Adams Resources & Energy (AE) Boosts Annual Dividend by 6% to $0.50/Share (2.82%)

After running these companies through my D4L-PreScreen.xls model, none of the above stocks qualified as the perfect dividend stock or even justified a more complete evaluation. CTBI, ADP and BWA had positive NPV of MMA Differentials, but below the level that would warrant a more detailed evaluation. I guess I will have to keep looking for the elusive perfect dividend stock.

Disclosure: No position in any of the aforementioned stocks.

(Photo: Steve Woods)