|New Threads Only:|
|New Threads & Replies:|
Forum List » Income Investors' Forum|
Ideas for Income Investors. High Dividend Stocks, Mutual Funds etc.
This BDC Raised Its Monthly Dividend 5%, Now Yields 7.4%
Posted by: Dividends4Life (IP Logged)
Date: July 16, 2012 04:51PM
Solar Senior Capital Ltd. (SUNS) is a business development company primarily investing in senior secured loans, including first lien, unitranche, and second lien debt instruments. July 9, the company increased its monthly dividend 5% to $0.105 per share. The dividend is payable Aug. 2, 2012 to stockholders of record on July 19, 2012. The yield based on the new payout is 7.4%.
Below are some other companies increasing their cash dividends during the last week:
Ryder System Inc. (R) provides transportation and supply chain management solutions. July 11, the company increased its quarterly dividend 6.9% to $0.31 per share. The dividend is payable Sept. 21, 2012, to shareholders of record on Aug. 20, 2012. The yield based on the new payout is 3.7%.
Cummins Inc. (CMI) designs, manufactures, distributes and services diesel and natural gas engines, and engine-related component products worldwide. June 10, the company increased its quarterly dividend 25% to $0.50 per share. the dividend is payable Sept. 1, 2012 to shareholders of record on Aug. 22, 2012. The yield based on the new payout is 2.3%.
KLA-Tencor Corporation (KLAC) designs, manufactures and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries. July 10, the company increased its quarterly dividend 14% to $0.40 per share. This is the fourth dividend increase since KLA-Tencor first instituted its dividend in April 2005. The yield based on the new payout is 3.5%.
Plains All American Pipeline LP (PAA) engages in the transportation, storage, terminalling and marketing of crude oil, refined products and liquid petroleum gas (LPG) products in the U.S. and Canada. July 9, the company increased its quarterly distribution 8.4% to $1.065 per unit. The distribution is payable August 14, 2012, to holders of record of such units at the close of business on Aug. 3, 2012. PAA has increased its quarterly distribution to limited partners in 31 out of the past 33 quarters and consecutively in each of the past 12 quarters. The yield based on the new payout is 5.1%.
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 stocks. See a list of all my dividend growth holdings here.
- 15 Dividend Stocks Trading Below Their Calculated Fair Value
- The Most Important Thing To Consider When Selecting A Dividend Stock
- 3 Powerful Concepts for Compounding Wealth with Dividend Stocks
- 11 Higher Yielding, Lower Risk Stocks To Perk Up Your Dividend Income
- 4 Secrets To Finding The Best Dividend Stocks
Stocks Discussed: SUNS, R, CMI, KLAC, PAA,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.