Dividends Value » GES

12 Stocks Not Missing Their Opportunity To Increase Dividends *

D4L — Fri, 26 Nov 2010 07:30:30 +0000

In everything we do, we always want to be the best or be associated with the best. You never hear fans yelling, ‘We’re number 2, we’re number 2′, while holding two fingers in the air. The same is true when selecting dividend stocks. One attribute of the very best dividend stocks is a long history of consecutive dividend increases.

Below are several dividend stocks that did not miss their opportunity increase cash dividends:

Donaldson Co. (DCI) operates as a worldwide manufacturer of filtration systems and replacement parts. November 19th the company increased its quarterly dividend 4% to $0.13/share. The dividend is payable December 17, 2010, to shareholders of record as of December 6, 2010. The ex-dividend date is December 2, 2010. DCI is a Dividend Achiever and has raised its dividend for 24 consecutive years. The yield based on the new payout is 1%.

South Jersey Industries (SJI) is an energy services holding company that provides energy related products and services. November 22nd the company raised its quarterly dividend 10.6% to $0.365/share. The dividend is payable December 29, 2010 to shareholders of record at the close of business December 10, 2010. The ex-dividend date is December 8, 2010. SJI is a Dividend Achiever and has raised its dividend for 11 consecutive years. The yield based on the new payout is 2.9%.

York Water (YORW) impounds, purifies and distributes water in York County and Adams County, Pennsylvania. November 22nd the company increased quarterly dividend 2.3% to $0.131/share. The dividend is payable January 14, 2011 to shareholders as of record date December 31, 2010. The ex-dividend date is December 29, 2010. The yield based on the new payout is 3.3%.

Hormel Foods (HRL) is a leading processor of branded, convenience meat products (primarily pork) for the consumer market. November 22nd the company raised its quarterly dividend to $0.25/share. The quarterly dividend is payable Feb. 15, 2011, to stockholders of record at the close of business on Jan. 23, 2011. The yield based on the new payout is 2.1%.

Becton, Dickinson & Co. (BDX) provides a wide range of medical devices and diagnostic products used in hospitals, doctors’ offices, research labs and other settings. November 23rd the company increased quarterly dividend 10.8% to $0.41/share. The dividend will be payable on December 31, 2010 to holders of record on December 10, 2010. The ex-dividend date is December 8, 2010. BDX is a Dividend Aristocrat and has raised its dividend for 37 consecutive years. The yield based on the new payout is 2.1%.

Ship Finance Int’l (SFL) owns an international fleet of crude oil tankers, which are leased under long-term, fixed-price charters. November 23rd the company raised its quarterly dividend 2.9% to $0.36/share. The dividend is payable on or about December 30, 2010 to shareholders of record as of December 8, 2010. The ex-dividend date will be December 6, 2010. The yield based on the new payout is 6.2%.

RGC Resources (RGCO) distributes and sells natural gas in Virginia to residential, commercial and industrial users through underground mains and service lines. November 23rd increased quarterly dividend 3% to $0.36/share. The dividend will be paid on February 1, 2010 to shareholders of record on January 14, 2011. The ex-dividend date is January 12, 2010. The yield based on the new payout is 4.4%.

Guess? (GES) offers one of the world’s leading lifestyle collections of contemporary apparel and accessories for men, women and children, sold in multiple channels including wholesale, company-owned retail locations, e-commerce, and licensed stores. November 23rd the company raised increased its quarterly dividend to $0.20/share. The yield based on the new payout is 1.6%.

Raymond James (RJF) offers securities brokerage, investment banking, financial planning, banking and investment advisory and related financial services. November 23rd the company raises its quarterly dividend by 18% to $0.13/share. November 23rd the company raised its quarterly dividend by 18% to $0.13/share. The dividend is payable on Jan. 19 to shareholders of record on Jan. 3. The yield based on the new payout is 1.81%.

McCormick (MKC) manufactures, marketing and distribution of spices, herbs, seasonings, specialty foods and flavors to the entire food industry. November 23rd raised its quarterly dividend 8% from to $0.28/share. The dividend is payable on Jan. 14 to shareholders of record on Dec. 31. The ex-dividend date is Dec. 29. MKC is a Dividend Achiever and has raised its dividend for 24 consecutive years. The yield based on the new payout is 2.5%.

Oriental Financial (OFG) provides a range of financial products and services primarily in Puerto Rico and Florida. November 24th the company increased its quarterly dividend 25% to $0.05/share. The dividend is payable on Jan. 14 to shareholders of record on Dec. 31. The ex-dividend date is Dec. 29. The yield based on the new payout is 1.68%.

Abington Bancorp (ABBC) owns Abington Savings Bank, d/b/a Abington Bank, which provides various financial products and services in Pennsylvania. November 24th the company increased quarterly dividend 20% to $0.06/share. The dividend is payable on Dec. 21 to shareholders of record on Dec. 7. The ex-dividend date is Dec. 3. The yield based on the new payout is 2.02%.

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

(Photo Credit)

9 Dividend Stocks Building Future Yield *

D4L — Fri, 19 Mar 2010 10:30:27 +0000

As a young investor I followed an aggressive growth strategy. Having narrowly missed the tech bubble bursting, I purchased my first dividend stock on December 11, 2003. I had heard dividend investments were supposed to be safer, but knew very little else about the strategy. I was fortunate enough to accidentally buy enough good dividend stocks to learn the “secret” of dividend investing. It is not necessarily starting with a high-yield investment, but ending up with a high-yield investment. This usually occurs by buying stocks with a moderate yield and a long history of growing dividends and letting time do its job.

This week several companies are building future yield by increasing the cash dividends paid to their shareholders:

Birner Dental (BDMS) develops, acquires, and provides business services to dental practice networks in Colorado, New Mexico and Arizona. March 12th the company increased its quarterly dividend 17% to $0.20/share. The yield based on the new payout is 4.92%.

Warwick Valley Telephone Co. (WWVY) provides telephone, Internet and video services to customers in the towns of Warwick, Goshen and Wallkill, New York andWest Milford and Vernon townships, New Jersey. March 12th the company raised its quarterly dividend 9.1% to $0.24/share. The dividend is paid on March 31, 2010 to shareholders of record as of March 22, 2010. The ex-dividend date is March 18, 2010. The yield based on the new payout is 6.63%.

Lennox Int (LII) is a global provider of heating, ventilation and air conditioning and refrigeration products. March 12th the company increased its quarterly dividend 7% to $0.15/share. The dividend is payable on April 15, 2010 to stockholders of record as of March 26, 2010. The ex-dividend date is March 24, 2010. The yield based on the new payout is 1.35%.

PepsiCo (PEP) is a major international producer of branded beverage and snack food products. March 15th the company raised its quarterly dividend 7% to $0.48/share. The dividend is payable on June 30, 2010 to shareholders of record on June 4, 2010. The ex-dividend date is June 2, 2010. PEP is a Dividend Aristocrat and has raised its dividend for 38 consecutive years. The yield based on the new payout is 2.89%. [Analysis]

Astro-Med Inc. (ALOT) designs, develops, manufactures and distributes specialty printers and electronic instruments that acquire, store, analyze and present data in multiple formats. March 16th the company raised its quarterly dividend to $0.07/share. The dividend is payable on April 2, 2010 to shareholders of record on March 19, 2010. The ex-dividend date is March 17, 2010. The yield based on the new payout is 3.76%.

Mead Johnson (MJN) is a global leader in pediatric nutrition. March 17th the company increased its quarterly dividend 12.5% to $0.225/share. The dividend is payable April 1, 2010, to shareholders of record on March 24, 2010. The ex-dividend date is March 22. The yield based on the new payout is 1.75%.

Guess? Inc. (GES) offers one of the world’s leading lifestyle collections of contemporary apparel and accessories for men, women and children, sold in multiple channels including wholesale, company-owned retail locations, e-commerce, and licensed stores. March 17th the company increased its quarterly dividend to $0.16/share. The yield based on the new payout is 1.37%.

Air Products (APD) is a major producer of industrial gases and electronics and specialty chemicals also has interests in environmental and energy-related businesses. March 18th the company raised its quarterly dividend by 9% to $0.49/share. The dividend is payable on May 10, 2010 to shareholders of record at the close of business on April 1, 2010. The ex-dividend is March 30. APD is a Dividend Aristocrat and has raised its dividend for 28 consecutive years. The yield based on the new payout is 2.62%.

Prospect Capital (PSEC) is a financial services company that primarily lends to and invests in middle market privately-held companies. March 18th the company raised its cash distribution to $0.41/share. This distribution marks the Company’s 22nd consecutive quarterly increase. The ex-dividend date is Monday, March 29, 2010. The record date is Wednesday, March 31, 2010. The yield based on the new payout is 13.48%.

When looking for companies that are likely to build future yield, look first at those that have done it in the past. For a list of stocks with a long string of consecutive cash dividend increases, see this list.

Full Disclosure: Long PEP. See a list of all my income holdings here.

(Photo Credit)

10 Stocks Raising Their Dividends *

D4L — Fri, 28 Aug 2009 10:30:38 +0000

Are you confident and secure in your investing process? It appears many people were not. From the famed Canadian dividend investor Derek Foster who sold all his dividend investments in February to co-workers who have moved to the sidelines waiting on the bottom. Many investors who lost confidence and exited the market missed the significant rally over the last couple of months.

Below are several companies showing confidence in the future by rewarding their shareholders with higher cash dividends:

G&K Services (GKSR) rents uniforms, and offers uniforms and other related products for sale. This past week, the company increased its quarterly dividend by 7% to $0.075/share. The dividend is payable on September 24, 2009 to shareholders of record at the close of business on September 17, 2009. The current yield based on the new dividend is 1.31%.

HCC Insurance (HCC) is a multi-line insurer specializes in aviation, marine, medical stop-loss, offshore energy and property and casualty insurance in the U.S. and the U.K. Recently, the company increased its quarterly dividend by 8% to $0.135/ahare. The dividend is payable to stockholders of record on October 1, 2009, and will be paid on or about October 14, 2009. HCC is a Dividend Achiever and has increased its dividend for 13 consecutive years. The current yield based on the new dividend is 2.06%.

Delta Natural Gas (DGAS) distributes or transports natural gas to some 38,000 retail customers in central and southeastern Kentucky; and transports natural gas to industrial customers. Last Friday, the company boosted its quarterly dividend 1.6% to $0.325/share. The dividend will be paid September 15, 2009 to all common shareholders of record as of August 31, 2009. The current yield based on the new dividend is 5.18%.

MGE Energy (MGEE) is the holding company is Madison Gas & Electric, which generates and distributes electricity and distributes natural gas in Wisconsin. This past week, the company raised its quarter dividend to $0.3684/share. The dividend is payable Sept. 15, 2009, to shareholders of record Sept. 1, 2009. MGEE is a Dividend Achiever and Dividend Champion, and has increased its dividend for 33 consecutive years. The current yield based on the new dividend is 4.01%.

Westlake Chemical (WLK) is an integrated manufacturer of petrochemicals, polymers and fabricated vinyl products. Monday, the company raised its quarterly dividend 9.5% to $0.0575/share. The dividend is payable September 17, 2009, to stockholders of record on September 2, 2009. The current yield based on the new dividend is 0.93%.

Alliance Financial (ALNC) provides financial and banking products and services via 29 customer service facilities and a trust administration center in New York. Tuesday, the company boosted its quarterly dividend 7.7% to $0.28/share. The dividend is payable October 2, 2009 to shareholders of record on September 17, 2009. The current yield based on the new dividend is 4.01%.

Guess? (GES) offers one of the world’s leading lifestyle collections of contemporary apparel and accessories for men, women and children. Wednesday, the company raised its quarterly dividend 25% to $0.125/share. The current yield based on the new dividend is 1.56%.

ESSA Bancorp (ESSA) is a holding company of ESSA Bank & Trust, a full-service, community-oriented savings association. Wednesday, the company jumped its quarterly dividend 25% to $0.05/share. The dividend is payable on September 30, 2009. The current yield based on the new dividend is 1.48%.

Altria (MO) Yesterday, the company increased its quarterly dividend 6.4% to $0.34/share. The quarterly dividend is payable on October 9, 2009 to stockholders of record as of September 15, 2009. The current yield based on the new dividend is 7.44%.

Lawson Products (LAWS) primarily distributes replacement fasteners and other parts. Thursday doubled its quaterly dividend to $0.06/share. The dividend is payable October 13, 2009 to stockholders of record September 29, 2009. The current yield based on the new dividend is 1.26%.

Increasing dividends are a positive sign that companies have confidence in the future. For stocks with a long string of consecutive dividend increases, see this list.

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

(Photo Credit)

Dividend Stocks In the News: September 4, 2008 *

D4L — Thu, 04 Sep 2008 10:30:00 +0000

Just as picking fruit from a mango tree does not harm it, living off dividends does not damage the investment’s ability to produce future results. A mango tree’s life will easily span an entire generation. Similarly, well-chosen dividend investments will not only provide income in retirement, but can be passed to your children who can continue to reap the benefits.

Below are several select companies that recently decided to reward their shareholders with fruits of their labor in the form of increased cash dividends:

Teche (TSH) Raises Qtr. Dividend 1.45% to $0.35/Share
WesBanco (WSBC) Increases Qtr. Dividend 1.8% to $0.28/Share
Salisbury Bancorp (SAL) Boosts Qtr. Dividend 3.7% to $0.84/Share
Guess? (GES) Raises Qtr. Dividend 25% to $0.10/Share

After running these companies through my D4L-PreScreen.xls model, none achieved the necessary NPV of MMA Differential to justify a full evaluation. With a NPV of MMA Differential of $3,820 and a Dividend Achiever, WSBC was the only company in positive territory.

Disclosure: No position in any of the aforementioned stocks.

(Photo: Steve Woods)