It seems that every so often years the market turns down and someone declares the death of buy-and-hold. Some even go as far to say that Warren Buffett has lost his touch. With time on their side, the buy-and-hold investors and Mr. Buffett always seem to make a spectacular rebound. As long-term dividend investors our focus should be on acquiring fundamentally sound dividend growth stocks at a reasonable valuation and maintaining our asset allocation.
This week several companies provided their shareholders positive feedback with increased cash dividends:
ONEOK Partners LP (OKS, Financial) engages in the gathering, processing, storage, and transportation of natural gas in the United States. April 19, the company increased its quarterly distribution 4.1% to $0.635 per unit. The distribution is payable May 15, 2012, to unitholders of record as of April 30, 2012. The yield based on the new payout is 4.6%.
BreitBurn Energy Partners LP (BBEP, Financial) engages in the acquisition, exploitation and development of oil and gas properties in the U.S. April 19, the partnership increased its distribution 1.1% to $0.455 per unit. The distribution is payable May 14, 2012 to the unit holders at the close of business on May 7, 2012. The yield based on the new payout is 10.1%.
Crosstex Energy Inc. (XTEX, Financial) engages in the gathering, transmission, processing and marketing of natural gas, natural gas liquids (NGLs), and crude oil in the U.S. April 19, the company increased its quarterly distribution 14% to $0.33 per unit. The distribution is payable May 15 to unitholders of record May 2. This amount is approximately a 14% increase over the first-quarter 2011 rate. The yield based on the new payout is 7.5%.
PPG Industries Inc. (PPG, Financial) manufactures and supplies protective and decorative coatings. The company offers coating products for automotive and commercial transport/fleet repair and refurbishing, specialty coatings. April 19, the company increased its quarterly dividend 3.5% to $0.59 per share. The dividend is payable June 12 to shareholders of record May 10. The yield based on the new payout is 2.3%.
The Travelers Companies Inc. (TRV, Financial) provides various commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals primarily in the U.S. April 19, the company increased its quarterly dividend 12% to $0.46 per share. The dividend is payable June 29, 2012, to shareholders of record as of the close of business June 8, 2012. The yield based on the new payout is 3.0%.
Rockwell Collins Inc. (COL, Financial) designs, produces and supports communications and aviation electronics for commercial and military customers worldwide. April 18, the company increased its quarterly dividend 25% to $0.30 per share. The dividend is payable June 4, 2012, to shareholders of record at the close of business on May 14, 2012. The yield based on the new payout is 2.0%.
Kinder Morgan Inc. (KMI, Financial) owns and operates energy transportation and storage assets in the U.S. and Canada. April 18, the company increased its quarterly dividend 10% to $0.32 per share. The dividend is payable on May 16, 2012, to shareholders of record as of April 30, 2012. The yield based on the new payout is 3.4%.
Crestwood Midstream Partners LP (CMLP, Financial) engages in gathering, compressing, treating, processing, and transporting natural gas primarily on the Barnett Shale formation of the Fort Worth Basin in north Texas. April 18th the partnership increased its distribution 2% to $0.50 per unit for the quarter ended March 31, 2012. The distribution is payable on May 11, 2012, to unitholders of record on May 1, 2012. The yield based on the new payout is 7.5%.
Harleysville Savings Financial Corporation (HARL) operates as the holding company for Harleysville Savings Bank that provides various banking products and services primarily in southeastern Pennsylvania. April 18, the company increased its quarterly dividend 5.3% to $0.20 per share. The dividend is payable on May 23, 2012 to stockholders of record on May 9, 2012. The yield based on the new payout is 4.9%.
Sonoco Products Company (SON, Financial) provides industrial and consumer packaging products, and packaging services worldwide. April 18th the company increased its quarterly dividend 3.4% to $0.30 per share. The dividend is payable June 8, 2012, to shareholders of record as of May 18, 2012. The yield based on the new payout is 3.7%.
Omega Healthcare Investors Inc. (OHI, Financial) operates as a real estate investment trust (REIT) that invests in healthcare facilities, principally long-term healthcare facilities in the U.S. April 17, the company increased its quarterly dividend 2.4% to $0.42 per share. The dividend is payable May 15, 2012 to common stockholders of record as of the close of business on April 30, 2012. The yield based on the new payout is 7.9%.
The Southern Company (SO, Financial) operates as an electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources. April 16, the company increased its quarterly dividend 3.7% to $0.49 cents per share. The dividend is payable June 6, 2012, to shareholders of record as of May 7, 2012. This marks the 11th straight year that Southern Company has raised the dividend on its common stock. The yield based on the new payout is 4.3%.
The Procter & Gamble Company (PG, Financial) provides consumer packaged goods in the U.S. and internationally. April 13, the company increased its quarterly dividend 7% to $0.562 per share. The dividend is payable on or after May 15, 2012 to shareholders of record at the close of business on April 27, 2012. This marks the 56th consecutive year that the company has increased the dividend. The yield based on the new payout is 3.4%.
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 PG in my Dividend Growth Portfolio, long SO, OHI in my High-Yield Portfolio. See a list of all my dividend growth holdings here.
Related Posts
- 10 Stocks With A Strong Cash To Dividend Coverage
- 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
This week several companies provided their shareholders positive feedback with increased cash dividends:
ONEOK Partners LP (OKS, Financial) engages in the gathering, processing, storage, and transportation of natural gas in the United States. April 19, the company increased its quarterly distribution 4.1% to $0.635 per unit. The distribution is payable May 15, 2012, to unitholders of record as of April 30, 2012. The yield based on the new payout is 4.6%.
BreitBurn Energy Partners LP (BBEP, Financial) engages in the acquisition, exploitation and development of oil and gas properties in the U.S. April 19, the partnership increased its distribution 1.1% to $0.455 per unit. The distribution is payable May 14, 2012 to the unit holders at the close of business on May 7, 2012. The yield based on the new payout is 10.1%.
Crosstex Energy Inc. (XTEX, Financial) engages in the gathering, transmission, processing and marketing of natural gas, natural gas liquids (NGLs), and crude oil in the U.S. April 19, the company increased its quarterly distribution 14% to $0.33 per unit. The distribution is payable May 15 to unitholders of record May 2. This amount is approximately a 14% increase over the first-quarter 2011 rate. The yield based on the new payout is 7.5%.
PPG Industries Inc. (PPG, Financial) manufactures and supplies protective and decorative coatings. The company offers coating products for automotive and commercial transport/fleet repair and refurbishing, specialty coatings. April 19, the company increased its quarterly dividend 3.5% to $0.59 per share. The dividend is payable June 12 to shareholders of record May 10. The yield based on the new payout is 2.3%.
The Travelers Companies Inc. (TRV, Financial) provides various commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals primarily in the U.S. April 19, the company increased its quarterly dividend 12% to $0.46 per share. The dividend is payable June 29, 2012, to shareholders of record as of the close of business June 8, 2012. The yield based on the new payout is 3.0%.
Rockwell Collins Inc. (COL, Financial) designs, produces and supports communications and aviation electronics for commercial and military customers worldwide. April 18, the company increased its quarterly dividend 25% to $0.30 per share. The dividend is payable June 4, 2012, to shareholders of record at the close of business on May 14, 2012. The yield based on the new payout is 2.0%.
Kinder Morgan Inc. (KMI, Financial) owns and operates energy transportation and storage assets in the U.S. and Canada. April 18, the company increased its quarterly dividend 10% to $0.32 per share. The dividend is payable on May 16, 2012, to shareholders of record as of April 30, 2012. The yield based on the new payout is 3.4%.
Crestwood Midstream Partners LP (CMLP, Financial) engages in gathering, compressing, treating, processing, and transporting natural gas primarily on the Barnett Shale formation of the Fort Worth Basin in north Texas. April 18th the partnership increased its distribution 2% to $0.50 per unit for the quarter ended March 31, 2012. The distribution is payable on May 11, 2012, to unitholders of record on May 1, 2012. The yield based on the new payout is 7.5%.
Harleysville Savings Financial Corporation (HARL) operates as the holding company for Harleysville Savings Bank that provides various banking products and services primarily in southeastern Pennsylvania. April 18, the company increased its quarterly dividend 5.3% to $0.20 per share. The dividend is payable on May 23, 2012 to stockholders of record on May 9, 2012. The yield based on the new payout is 4.9%.
Sonoco Products Company (SON, Financial) provides industrial and consumer packaging products, and packaging services worldwide. April 18th the company increased its quarterly dividend 3.4% to $0.30 per share. The dividend is payable June 8, 2012, to shareholders of record as of May 18, 2012. The yield based on the new payout is 3.7%.
Omega Healthcare Investors Inc. (OHI, Financial) operates as a real estate investment trust (REIT) that invests in healthcare facilities, principally long-term healthcare facilities in the U.S. April 17, the company increased its quarterly dividend 2.4% to $0.42 per share. The dividend is payable May 15, 2012 to common stockholders of record as of the close of business on April 30, 2012. The yield based on the new payout is 7.9%.
The Southern Company (SO, Financial) operates as an electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources. April 16, the company increased its quarterly dividend 3.7% to $0.49 cents per share. The dividend is payable June 6, 2012, to shareholders of record as of May 7, 2012. This marks the 11th straight year that Southern Company has raised the dividend on its common stock. The yield based on the new payout is 4.3%.
The Procter & Gamble Company (PG, Financial) provides consumer packaged goods in the U.S. and internationally. April 13, the company increased its quarterly dividend 7% to $0.562 per share. The dividend is payable on or after May 15, 2012 to shareholders of record at the close of business on April 27, 2012. This marks the 56th consecutive year that the company has increased the dividend. The yield based on the new payout is 3.4%.
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 PG in my Dividend Growth Portfolio, long SO, OHI in my High-Yield Portfolio. See a list of all my dividend growth holdings here.
Related Posts
- 10 Stocks With A Strong Cash To Dividend Coverage
- 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
