Dividends Value » RAI

25 Dividend Stocks Raising Their Yield On Cost *

D4L — Fri, 18 Feb 2011 07:30:15 +0000

There are income investors and Dividend Growth investors. While the distinction is rather simple, it slips past many casual observers. Income investors are investing for maximum current income, while dividend growth investors are looking to maximize income over an extended period of time — usually sacrificing current income for potential greater future earnings. Unlike fixed income investments, a growing dividend means a growing yield on cost.

This week several companies raised their shareholders yield on cost by increasing their cash dividends:

The Coca-Cola Company (KO) is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands. February 17th the company increased its quarterly dividend 7% to $0.47/share. This is equivalent to an annual dividend of $1.88 per share, up from $1.76 per share in 2010. The first quarterly dividend is payable April 1, 2011, to shareowners of record as of March 15, 2011. The yield based on the new payout is 2.9%.

Silgan Holdings Inc. (SLGN) is a leading manufacturer of consumer goods packaging products. February 17th the company increased its quarterly dividend to $0.11/share. The dividend is payable on March 17, 2011 to the holders of record of the common stock of the Company on March 3, 2011. The Company began paying a cash dividend in 2004 and has increased its quarterly dividend every year since. The yield based on the new payout is 1.2%.

T. Rowe Price Group, Inc. (TROW) is a global investment management organization with $482.0 billion in assets under management as of December 31, 2010. February 17th the company increased its quarterly dividend 15% to $0.31 per share payable March 29, 2011 to stockholders of record as of the close of business on March 15, 2011. This will mark the 25th consecutive year since the firm’s initial public offering that the company will have increased its annual dividend payout. The yield based on the new payout is 1.8%.

Lorillard, Inc. (LO) is the the third largest manufacturer of cigarettes in the United States. February 17th the company increased its quarterly dividend 16% to $1.30/share. The dividend is payable on March 11, 2011 to stockholders of record as of March 1, 2011. The yield based on the new payout is 6.6%.

Group 1 Automotive, Inc. (GPI) is a Fortune 500 automotive retailer. February 17th the company increased its quarterly dividend 10% to $0.11/share. The dividend will be paid on March 15, 2011, to stockholders of record on March 1, 2011. The yield based on the new payout is 1.1%.

National Health Investors, Inc. (NHI) is a healthcare real estate investment trust that specializes in the financing of healthcare real estate by purchase and leaseback transactions and by mortgage loans. February 17th the company increased its quarterly dividend 4.2% to $0.615/share. The dividend is payable to shareholders of record on March 31, 2011 and payable on May 10, 2011. The yield based on the new payout is 5.3%.

Emclaire Financial Corp. (EMCF) is an independent, nationally chartered, FDIC-insured community commercial bank headquartered in Emlenton, Pennsylvania. February 16th the company increased its quarterly dividend 14.3% to $0.16/share. The dividend is payable on March 18, 2011, to shareholders of record on March 1, 2011. The yield based on the new payout is 3.6%.

Williams’ (WMB) is a large-scale infrastructure company with a business focus on enabling producers and end-users to optimize the value of North America’s significant resource plays. February 16th the company increased its quarterly dividend 60% to $0.20/share. The company is targeting an additional 10 percent to 15 percent increase for the quarterly dividends it will pay beginning in June 2012. The yield based on the new payout is 2.9%.

HNI Corporation (HNI) is the second largest office furniture manufacturer in the world and is also the nation’s leading manufacturer and marketer of gas- and wood-burning fireplaces. February 16th the company increased its quarterly dividend 6.98% increase to $0.23/share on its common stock. The dividend will be payable on March 7, 2011, to shareholders of record at the close of business on February 28, 2011. The yield based on the new payout is 2.9%.

Cheviot Financial Corp. (CHEV) provides a range of banking services in Ohio. February 16th the company increased its quarterly dividend to $0.12 per share to stockholders of record March 15, 2011. The dividend will be paid March 31, 2011. This is the seventh consecutive year that Cheviot Financial Corp. has increased its dividend. The yield based on the new payout is 5.6%.

The Sherwin-Williams Company (SHW) engages in the development, manufacture, distribution, and sale of paints, coatings, and related products in North and South America, Europe, and Asia. February 16th the company increased its quarterly dividend to $0.365 per common share, payable on March 11, 2011, to shareholders of record on February 25, 2011. The dividend is payable March 11th to shareholders of record on Feb. 25th. This increase follows 32 consecutive years of dividend increases. The yield based on the new payout is 1.7%.

Albemarle Corporation (ALB) is a leading global developer, manufacturer, and marketer of highly-engineered specialty chemicals. February 16th the company increased its quarterly dividend 18.2% to $0.165/share. The dividend is payable April 1, 2011 to shareholders of record at the close of business as of March 15, 2011. The new annualized dividend rate is $0.66/share. The yield based on the new payout is 1.1%.

Reynolds American Inc. (RAI) is the parent company of R.J. Reynolds Tobacco Company; American Snuff Company, LLC; Santa Fe Natural Tobacco Company, Inc.; and NiconovumAB. February 16th the company increased its quarterly dividend 8.2% to $0.53/share. The dividend is payable on April 1, 2011, to shareholders of record on March 10, 2011. This will be the 27th consecutive quarterly dividend paid to shareholders since the company became publicly traded in 2004, and the seventh dividend increase. The yield based on the new payout is 6.3%.

Comcast Corporation (CMCSA) is one of the nation’s leading providers of entertainment, information and communications products and services. February 16th the company increased its annual dividend 19% to $0.45 per share. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of $0.1125 a share on the company’s common stock, payable on April 27, 2011 to shareholders of record as of the close of business on April 6, 2011. The yield based on the new payout is 1.9%.

Foot Locker, Inc. (FL) is a specialty athletic retailer that operates approximately 3,400 stores in 21 countries in North America, Europe and Australia. February 15th the company increased its quarterly dividend 10% to $0.165/share. The dividend is payable on April 29, 2011 to shareholders of record on April 15, 2011. The yield based on the new payout is 3.6%.

Cooper Industries plc (CBE) is a global electrical products manufacturer with 2010 revenues of $5.1 billion. February 15th the company increased its quarterly dividend 7% to $0.29/share. The is payable on April 1, 2011 to shareholders of record as of February 28, 2011. The yield based on the new payout is 1.8%.

Stanley Black & Decker (SWK) is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, and more. February 15th the company increased its quarterly dividend 21% to $0.41/share. This marks the 44th consecutive annual dividend increase for the company. The dividend is payable on Tuesday, March 22, 2011 to shareholders of record as of the close of business on Wednesday, March 2, 2011. The yield based on the new payout is 2.2%.

Omnicom Group Inc. (OMC) is a leading global marketing and corporate communications company. February 14th the company increased its quarterly dividend 25% to $0.25/share. The dividend is payable on April 1, 2011 to Omnicom Group common shareholders of record at the close of business on March 4, 2011.The yield based on the new payout is 2.1%.

Compass Minerals (CMP) is a leading producer of minerals, including salt, sulfate of potash specialty fertilizer and magnesium chloride. February 14th the company increased its quarterly dividend 15% to $0.45/share. The dividend is payable March 15, 2011, to shareholders of record as of the close of business on March 1, 2011. The yield based on the new payout is 1.9%.

Wolverine World Wide, Inc. (WWW) is one of the world’s leading marketers of branded casual, active lifestyle, work, outdoor sport and uniform footwear and apparel. February 12th the company increased its quarterly dividend 9% to $0.12/share. The dividend is payable on May 2, 2011 to stockholders of record on April 1, 2011 and reflects an indicated annual dividend of $0.48 per share. The yield based on the new payout is 1.3%.

Hubbell Incorporated (HUBA) is an international manufacturer of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. February 11th the company increased its quarterly dividend 6% to $0.38/share. The dividend is payable on April 11, 2011, to shareholders of record on March 7, 2011. The yield based on the new payout is 2.4%.

RF Industries, Ltd., (RFIL) provides interconnect products and systems for radio frequency (RF) communications devices and wireless digital transmission systems. February 11th the company increased its quarterly dividend 33% and declared a 2-for-1 common stock split. The stock split will be effective February 24, 2011, and will increase RFI’s outstanding common shares to approximately 5,953,018. The increase in RFI’s quarterly cash dividend to $0.02 per post-split share will be payable on April 15, 2011, to shareholders of record on March 31, 2011. The yield based on the new payout is 1.9%.

ConocoPhillips (COP) is an integrated energy company with interests around the world. February 11th the company increased its quarterly dividend 20% to $0.66/share. The dividend is payable March 1, 2011, to stockholders of record at the close of business on February 22, 2011. The yield based on the new payout is 3.7%.

SCANA Corporation (SCG) is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. February 11th the company raised its quarterly dividend 2.1% to $0.485/share. The dividend is payable April 1, 2011 to shareholders of record at the close of business on March 10, 2011. The yield based on the new payout is 4.8%.

Digital Realty Trust, Inc. (DLR) is a leading global wholesale datacenter provider. February 10th the company increased its dividend 28.3% to $0.68/share. This is the 9th dividend increase since the IPO in the fourth quarter of 2004. The dividend is payable to stockholders of record as of the close of business on March 15, 2011. The common stock dividend will be paid on March 31, 2011. The yield based on the new payout is 4.8%.

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

(Photo Credit)

19 Dividend Stocks Heating Up Their Yields *

D4L — Fri, 22 Oct 2010 07:30:37 +0000

Dividends from a quality, well-diversified portfolio are much more predictable than capital gains and best of all, they are passive. You don’t have to do anything, they just show up in your brokerage account each quarter. Inflation? Not to worry, the good companies routinely raise their dividends well in excess of the inflation rate.

This week as the weather turns cold, the dividend increases warming up. Below are several companies heating up their yields with increased cash dividends:

Reynolds American (RAI) is the second largest U.S. cigarette manufacturer and was formed via the mid-2004 merger of R.J. Reynolds and Brown & Williamson. October 18th the company increased its quarterly dividend 8.9% to $0.49/share and announces a two-for-one stock split. The dividend will be payable on January 3, 2011, to shareholders of record on December 10, 2010. The ex-dividend date is December 8, 2010. The yield based on the new payout is 3.16%.

Mesabi Trust (MSB) holds interests in various iron ore properties in the Mesabi Iron Range, including its interest as assignor in the Amended Assignment of Peters Lease and Cloquet Lease. October 18th the company raised its quarterly distribution 13.75% to $0.91/unit. The distribution is payable on November 20, 2010 to Mesabi Trust unitholders of record at the close of business on October 30, 2010. The ex-distribution date is October 28, 2010. The yield based on the new payout is 9.8%.

Rayonier (RYN) is an international forest products company primarily engaged in activities associated with timberland management. October 18th the company increased its quarterly dividend 8% to $0.54/share. The dividend is payable December 31, 2010, to shareholders of record on December 10, 2010. The ex-dividend date is December 8, 2010. The yield based on the new payout is 4.30%.

NewMarket (NEU) primarily develops, manufactures, and blends fuel and lubricant additive products, and markets and sells these products worldwide. October 18th the company raised its quarterly dividend 17.3% to $0.44/share. The dividend is payable January 1, 2011 to shareholders of record at the close of business on December 15, 2010. The ex-dividend date is December 13, 2010. The yield based on the new payout is 1.49%.

Shenandoah Telecom (SHEN) provides regulated and unregulated telecommunications services to end-user customers and other communications providers in the southeastern United States. October 19th the company raised its annual dividend 3.1% to $0.33/share. The dividend will be payable December 1, 2010, to shareholders of record on November 9, 2009. The ex-dividend date is November 5, 2010. SHEN is a Dividend Achiever and has raised its dividend for 13 consecutive years. The yield based on the new payout is 1.76%.

American Electric Power (AEP) is electric utility holding company has subsidiaries operating in 11 states in the U.S. October 19th the company increased its dividend 9.5% to $0.46/share. The yield based on the new payout is 4.60%.

Western Gas Partners (WES) engages in the business of gathering, compressing, treating and transporting natural gas for its ultimate parent, Anadarko Petroleum Corp., and others. October 19th the company raised its quarterly dividend 5.7% to $0.37/share. The distribution is payable on November 12, 2010 to unitholders of record at the close of business on October 29, 2010. The ex-dividend date is October 27, 2010. The yield based on the new payout is 5.11%.

Global Partners (GLP) engages in the wholesale and commercial distribution of refined petroleum products and provides ancillary services in the U.S. and internationally. October 20th the company raised its quarterly dividend 1.5% to $0.495/share. The distribution will be paid November 12, 2010 to unitholders of record as of the close of business November 3, 2010. The ex-dividend date is November 1, 2010. The yield based on the new payout is 7.74%.

Stepan Company (SCL) produces specialty and intermediate chemicals, which are sold to other manufacturers and then made into a variety of end products. October 20th the company raised its dividend 8.3% to $0.26/share. The dividend is payable on December 15, 2010, to stockholders of record on November 30, 2010. The ex-dividend date is November 26, 2010. SCL is a Dividend Achiever and has raised its dividend for 43 consecutive years. The yield based on the new payout is 1.57%.

Brown & Brown (BRO) provides insurance and reinsurance products and services, as well as risk management, employee benefit administration, and managed health care services. October 20th the company increased its quarterly dividend 3.23% to $0.08/yield. The dividend will be paid on November 17, 2010, to shareholders of record on November 3, 2010. The ex-dividend date is November 1, 2010. BRO is a Dividend Achiever and has raised its dividend for 17 consecutive years. The yield based on the new payout is 1.47%.

Eaton Vance (EV) is a Boston-based holding company the is primarily engaged in investment management. October 20th the company raised its quarterly dividend 12.5% to $0.18/share. The dividend is payable November 10, 2010 to shareholders of record on October 29, 2010. The ex-dividend date is October 27, 2010. EV is a Dividend Achiever and has raised its dividend for 30 consecutive years. The yield based on the new payout is 2.44%.

Magellan Midstream (MMP) is engaged in the transportation, storage and distribution of refined petroleum products. October 20th the company increased its quarterly distribution 1.7% to $0.745/unit. The distribution is payable November 12, 2010, to unitholders of record at the close of business on November 5, 2010. The yield based on the new payout is 5.65%.

Kinder Morgan (KMP) is one of the largest pipeline master limited partnerships (MLPs) in the U.S. October 20th the partnership raised its quarterly distribution 1.8% to $1.11/unit. The distribution is payable on Nov. 12, 2010, to unitholders of record as of Oct. 29, 2010. The ex-dividend date is October 27, 2010. KMP is a Dividend Achiever and has raised its dividend for 30 consecutive years. The yield based on the new payout is 6.25%.

ONEOK Partners (OKS) is a leading transporter of natural gas and natural gas liquids (NGLs) in the Mid-Continent area to market centers in the U.S. October 20th the company increased its quarterly cash distribution 0.9% to $1.13/unit. The distribution is payable November 12, 2010, to unitholders of record as of October 29, 2010. The ex-distribution date is October 27, 2010. The yield based on the new payout is 5.73%.

VF Corporation (VFC) designs and manufactures or sources from independent contractors a variety of apparel and footwear for all ages. October 21st the company raised its quarterly dividend to $0.63 per share. VFC is a Dividend Aristocrat and has raised its dividend for 36 consecutive years. The yield based on the new payout is 3.00%.

Freeport-McMoRan (FCX) is the world’s second largest copper producer and a major producer of gold and molybdenum. October 21st the company increased its quarterly dividend 67% to $0.50/share. The yield based on the new payout is 2.11%

Cass Information (CASS) provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. October 21st the company raised its quarterly dividend 14.3% to $0.16/share. The dividend is payable December 15, 2010 to shareholders of record December 3, 2010. The ex-dividend date is December 1, 2010. The yield based on the new payout is 1.82%.

Met-Pro (MPR) makes products for the air and water pollution control, fluid handling and filtration markets. October 21st the company increased its quarterly dividend 10% to $0.066/share. The dividend is payable on December 17, 2010 to shareholders of record at the close of business on December 3, 2010. The ex-dividend date is December 1, 2010. The yield based on the new payout is 2.38%.

ONEOK (OKE) is an Oklahoma-based integrated natural gas company with an energy marketing and trading business. October 21st the company raised its quarterly dividend 4.4% to $0.48/share. The dividend is payable November 12, 2010, to shareholders of record at the close of business October 29, 2010. The ex-dividend date is October 27, 2010. The yield based on the new payout is 3.90%

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

(Photo Credit)

3 Big Names, 3 Big Dividend Increases *

D4L — Fri, 09 Oct 2009 10:30:35 +0000

Much has been written in the media about the “record numbers” of companies cutting or failing to raise their dividends. Even with a large number of companies not increasing their dividends this year, there is still an abundance of companies that have. For those companies that fail to increase their dividends, it is one less stock dividend investors have to track and analyze.

Below are three companies that recently increased their cash dividends:

Reynolds American (RAI) was formed as a result of the the mid-2004 merger of R.J. Reynolds and Brown & Williamson. Tuesday, the company increased its quarterly dividend 5.9% to $0.90/share. The dividend is payable on Jan. 4, 2010, to shareholders of record on Dec. 10, 2009. The ex-dividend date is Dec. 8. The current yield based on the new dividend is 7.7%.

ConocoPhillips (COP) is the the fourth largest integrated oil company in the world. Wednesday, the company raised its quarterly dividend 6% to $0.50 per share. The dividend is payable Dec. 1, 2009, to stockholders of record at the close of business Oct. 30, 2009. The current yield based on the new dividend is 4.02%.

In addition, the company also announced its plan to sell $10B in assets over next 2 years. Jim Mulva, chairman and chief executive officer stated:

These actions are consistent with our objectives of creating shareholder value and improving financial flexibility while pursuing our long-term strategic initiatives. This plan capitalizes on our large resource base and our strong portfolio of projects, while providing flexibility for potential changes in business conditions. We will replace reserves and grow production from a reduced, but more strategic, asset base.

RPM International Inc. (RPM) engages in the manufacture, marketing, and sale of various specialty chemical products to industrial and consumer markets worldwide. Thursday, the company declared quarterly cash dividend of $0.205/share. The dividend is payable on October 30, 2009, to stockholders of record as of October 19, 2009. The ex-dividend date is October 15, 2009. The dividend yield is 4.4%. RPM is a Dividend Achiever and has increased its dividend for the last 36 years. The current yield based on the new dividend is 4.4%. [Analysis]

The list of stocks that haven’t missed a dividend increase in the last 10 years continues to shrink, but there are still plenty to be found to satisfy this dividend investor. For a list of 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.