Dividends Value » RGCO

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 Working Hard During The Holidays *

D4L — Fri, 27 Nov 2009 10:30:07 +0000

As we officially head into the holiday season, many of us in the U.S. did not have to go into work today in observance of the Thanksgiving holiday. Though not much is happening at the office, there are still many working for me today. Not people, but my Dividend Stocks. It is great to know while I am relaxing with family and watching the big game, those stocks are hard at work providing me an additional income stream.

Several companies this week provided their investors a Thanksgiving bonus in the form of higher cash dividends:

Roper (ROP) makes high-tech industrial equipment and analytical instruments, primarily for oil and gas producers, semiconductor equipment makers, and industrial companies. November 23rd the company increased its quarterly dividend 15% to $0.095/share. The dividend is payable on January 29, 2010, to stockholders of record as of January 08, 2010. The ex-dividend date is January 6. ROP is a Dividend Achiever and has increased its dividend for 16 consecutive years. The yield based on the new payout is 0.71%.

United Bankshares (UBSI) is a multi-bank holding company operates 114 full service offices in West Virginia, Virginia, Maryland, Ohio and Washington, DC. November 23rd the company raised its quarterly dividend 3.4% to $0.30/share. The dividend is payable on January 4 to shareholders of record on December 11. The yield based on the new payout is 6.87%.

Haynes International (HAYN) develops, manufactures and markets technologically advanced, high-performance alloys used in aerospace, chemical processing and land-based gas turbine industries. November 23rd the company declared its first quarterly dividend. of $0.20/share. The dividend is payable to stockholders of record at the close of business on December 3, 2009. The yield based on the new payout is 3.13%.

Hormel Foods (HRL) is a leading processor of branded, convenience meat products
(primarily pork) for the consumer market. November 24th the company boosted its quarterly dividend 15% to $0.21/share. The dividend will be paid February 15, 2010, to stockholders of record at the close of business on January 23, 2010. The ex-dividend date is January 2010. HRL is a Dividend Achiever and has increased its dividend for 43 consecutive years. The yield based on the new payout is 2.20%.

Becton, Dickinson (BDX) provides a wide range of medical devices and diagnostic products
used in hospitals, doctors’ offices, research labs and other settings. November 24th the company increased its quarterly dividend 12.1% to $0.37/share. The dividend will be payable on January 4, 2010 to holders of record on December 14, 2009. BDX is a Dividend Aristocrat and has increased its dividend for 36 consecutive years. The yield based on the new payout is 1.96%.

York Water (YORW) impounds, purifies and distributes water in York County and Adams County, Pennsylvania. November 24th the company raised its quarterly dividend to $0.128/share. The dividend is payable January 15, 2010 to shareholders as of record date December 31, 2009. The ex-dividend date is December 29, 2009. The yield based on the new payout is 3.53%.

RGC Resources (RGCO) distributes and sells natural gas in Virginia to residential, commercial and industrial users through underground mains and service lines. November 24th the company raised its quarterly dividend to $0.33/share. The dividend will be paid on February 1, 2010 to shareholders of record on January 15, 2010. The ex-dividend date is January 13, 2009. The yield based on the new payout is 4.77%.

Oritani Financial (ORIT) owns Oritani Savings Bank, which operates 19 offices in Bergen, Hudson and Passaic Counties in New Jersey. November 24th the company boosted its quarterly dividend to $0.075/share. The dividend will be payable to stockholders of record as of December 7, 2009 and will be paid on December 21, 2009. The ex-dividend date is December 17, 2009. The yield based on the new payout is 2.33%.

McCormick (MKC) produces spices, seasonings and flavorings for the retail food, food service and industrial markets. November 24th the company increased its quarterly dividend 8.3% to $0.26/share. The dividend is payable January 15, 2010 to shareholders of record December 31, 2009. MKC is a Dividend Achiever and has increased its dividend for 23 consecutive years. The yield based on the new payout is 2.86%.

Stocks that work the hardest for you are those that consistently grow their dividends. For a list of stocks with a long string of consecutive dividend increases, see this list.

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

(Photo Credit)

NIKE (NKE), Donaldson (DCI), Hormel (HRL), McCormick (MKC) and Others Increase Dividends *

D4L — Fri, 28 Nov 2008 11:30:00 +0000

Dividend investing in the classic implementation focuses on identifying solid companies with a record of growing their dividends each year; and an expectation that it will continue into the future. The focus is not solely on yield but a combination of yield and dividend growth. Often it is the lower yield, higher growth, security that will provide the best return over time.

Here are several stocks living up to shareholders’ expectations by raising their cash dividends:

NIKE (NKE) Boosts Dividend by 8.7% to $0.25/share (2.07%)
Donaldson (DCI) Boosts Qtr. Dividend 5% to $0.115/share (1.53%)
South Jersey Industries (SJI) Raises Dividend 10% to $0.2975/share (3.11%)
United Bankshares (UBSI) Increases Dividend 3% to $0.29/share (3.41%)
Hormel Foods (HRL) Raises Annual Dividend 2.6% to $0.76/share (2.89%)
Becton, Dickinson and Company (BDX) Boosts Qtr. Dividend by 15.8% to $0.33/share (2.08%)
RGC Resources (RGCO) Increases Dividend by 10% to $0.32/share (4.97%)
The York Water Company’s (YORW) Boosts Qtr. Dividend by 4.1% to $0.126/share(4.48%)
McCormick & Company (MKC) Boosts Dividend 9% to $0.24/share (3.23%)
Landauer (LDR) Increases Dividend 5% to $0.525/share (3.47%)

After running these companies through my D4L-PreScreen.xls model, DCI and BDX, both Dividend Achievers, had NPV of MMA Differentials close enough to earn a more complete evaluation. HRL, MKC and LDR had positive NPV of MMA Differentials, but below the level required level for a more detailed evaluation. None of the others warranted additional consideration.

Disclosure: No position in the aforementioned stocks.

(Photo: Steve Woods)