|New Threads Only:|
|New Threads & Replies:|
Forum List » Income Investors' Forum|
Ideas for Income Investors. High Dividend Stocks, Mutual Funds etc.
6 Confident and Secure Companies Boosting Dividends
Posted by: Dividends4Life (IP Logged)
Date: May 28, 2013 10:31AM
If income investing were as simple as picking the stock with the highest yield, everyone would be an expert. Most assume (rightfully so) that yield is heavily influenced by risk, but much more goes into determining yield. The industry the company operates in, legal considerations (REITs and MLPs), maturity and growth potential all have an effect on an individual stock's yield, along with the company's ability to grow its dividend.
Below are some companies that understand the importance of growing their cash dividends:
Extra Space Storage Inc. (EXR) operates as a real estate investment trust (REIT) in the U.S. May 22, the company increased its quarterly dividend 60% to $0.40 per share. The dividend is payable on June 28, 2013 to stockholders of record at the close of business on June 14, 2013. The yield based on the new payout is 3.7%.
JPMorgan Chase & Co. (JPM), a financial holding company, provides various financial services worldwide. May 21, the company increased its quarterly dividend 2.6% to $0.38 per share. The dividend is payable July 31, 2013, to stockholders of record at the close of business on July 5, 2013. The yield based on the new payout is 2.8%.
Xcel Energy Inc. (XEL) engages in the generation, purchase, transmission, distribution, and sale of electricity in the U.S. May 21, the company increased its quarterly dividend 3.7% to $0.28 per share. The dividend is payable July 20, 2013, to shareholders of record on June 20, 2013. The yield based on the new payout is 3.7%.
American States Water Company (AWR) provides water, electric, and contracted services in the U.S. May 21, the company increased its quarterly dividend 14.1% to $0.405 per share. The dividend is payable Sept. 3, 2013 to shareholders of record at the close of business on August 15, 2013. The yield based on the new payout is 2.9%.
Umpqua Holdings Corporation (UMPQ) operates as the holding company for Umpqua Bank and Umpqua Investments Inc. that provide commercial, and retail banking and brokerage services to corporate, institutional, and individual customers in the U.S. May 20, the company increased its quarterly dividend 50% to $0.15 per share. The dividend is payable July 15, 2013 to shareholders of record as of June 28, 2013. The yield based on the new payout is 4.3%.
Orchids Paper Products Company (TIS) engages in the manufacture and sale of tissue products for the at-home market in the U.S. May 16, the company increased its quarterly dividend 16.7% to $0.35 per share. The dividend is payable June 21, 2013 to stockholders of record at the close of business on June 7, 2013. The yield based on the new payout is 4.3%.
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 dividend growth holdings here.
- 7 Dividend Stocks For A Confident And Secure Future
- 7 High Yielders With A Low Free Cash Flow Payout
- Wealth is a Journey, Dividend Stocks Can Take You There
- 5 Higher-Yielding, Income Growing Tech Stocks
- Warning Signs of an Imminent Dividend Cut
Stocks Discussed: JPM, AWR, EXR, XEL, UMPQ, TIS,
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.