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This Is One Slick Dividend Stock

Dividends4Life

Dividends4Life

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After 39 unsuccessful attempts, the formula was perfected in 1953 by Norm Larsen, founder of the Rocket Chemical Company, in San Diego, Calif. Larsen was attempting to create a formula to prevent corrosion in nuclear missiles, by displacing the standing water that causes it. Primarily composed of various hydrocarbons, the exact formula is a trade secret and was never patented, to avoid completely disclosing its ingredients.

Rocket Chemical Company was founded in 1953. The company went public in 1973. In recent years it has acquired several household-products companies, adding such brand names as 3-In-One Oil, Lava, Spot Shot, X-14, Carpet Fresh and 2000 Flushes to its roster. The company still has its corporate offices in San Diego, Calif. It now markets its products in more than 160 countries.

In 1969, John S. Barry, on becoming president and CEO, changed the name after what was then its only product. The company and product are still known as...

WD-40 Company (WDFC)

The company engages in the provision of multi-purpose maintenance products under the WD-40 brand. Dec. 11, the company increased its quarterly dividend 7% to to $0.31 per share. The dividend is payable Jan. 31, 2013 to stockholders of record on Jan. 7, 2013. The yield based on the new payout is 2.6%.

Below are several other companies that have recently increased their cash dividends to shareholders:

Urstadt Biddle Properties Inc. (UBA), a real estate investment trust (REIT), engages in the acquisition, ownership, and management of commercial real estate properties in the U.S. Dec. 13, the company increased its quarterly dividend 4.2% to $0.25 per share. The dividend is payable Jan. 31, 2013, to stockholders of record on Jan. 18, 2013. The yield based on the new payout is 5.4%.

Evans Bancorp Inc. (EVBN) operates as a bank holding company for the Evans Bank, N.A., which provides various banking services to consumer and commercial customers in western New York. Dec. 12, the company increased its semi-annual dividend 9% to $0.22 per share. The dividend is payable Dec. 31, 2012, to shareholders of record as of Dec. 21, 2012. The yield based on the new payout is 2.9%.

CapLease Inc. (LSE) operates as a real estate investment trust (REIT), focused on financing and investing in commercial real estate that is net leased primarily to single tenants with investment grade or near investment grade credit ratings. Dec. 12, the company increased its quarterly dividend 7% to to $0.075 per share. The dividend is payable Jan. 15, 2013, to stockholders of record as of Dec. 31, 2012. The yield based on the new payout is 5.9%.

One Liberty Properties Inc. (OLP), a real estate investment trust (REIT), engages in the acquisition, ownership, and management of commercial real estate properties in the U.S. Dec. 11, the company increased its quarterly dividend 6.1% to $0.35 per share. The dividend is payable Jan. 4, 2013, to stockholders of record on Dec. 27, 2012. The yield based on the new payout is 7.1%.

Waste Management Inc. (WM) provides waste management services to residential, commercial, industrial and municipal customers in North America. Dec. 11, the company increased its quarterly dividend 2.8% to $0.365 per share. This marks the tenth consecutive year that the company has increased its planned quarterly dividend. The first increased dividend will be paid in March of 2013. The yield based on the new payout is 4.3%.

U-Store-It Trust (CUBE) operates as a real estate investment trust (REIT) that engages in the ownership, operation, acquisition, and development of self-storage facilities. Dec. 10, the company increased its quarterly dividend 37.5% to $0.11 per share. The dividend is payable on Jan. 15, 2013, to common shareholders of record on Jan. 1, 2013. The yield based on the new payout is 3.1%.

Prospect Capital Corporation (PSEC) is a business development company (private equity firm). Dec. 7, the company increased its monthly dividend 8.2% to 11 cents per share for Dec. 2012 (record date of Dec. 31, 2012, and payment date of Jan. 23, 2013); and 11.0025 cents per share for January 2013 (record date of Jan. 31, 2013, and payment date of Feb. 20, 2013). The yield based on the new payout is 12.3%.

Universal Health Realty Income Trust (UHT) operates as a real estate investment trust (REIT) investing in health care and human service related facilities. Dec. 7, the company increased its quarterly dividend 0.8% to $0.62 per share. The dividend is payable Dec. 31, 2012, to shareholders of record as of Dec. 17, 2012. The yield based on the new payout is 5.0%.

The Hanover Insurance Group Inc. (THG) underwrites commercial and personal property, and casualty insurance coverage in the U.S. Dec. 7, the company increased its quarterly dividend 10% to $0.33 per share. The dividend is payable Dec. 28, 2012, to shareholders of record at the close of business on Dec. 17, 2012. The yield based on the new payout is 3.5%.

Associated Estates Realty Corporation (AES) is an independent real estate investment trust. The firm invests in the real estate markets of the U.S. Dec. 6, the company increased its quarterly dividend 5.6% to $0.19 per share. The dividend is payable Feb. 1, 2013 to shareholders of record on Jan. 15, 2013. The yield based on the new payout is 4.9%.

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 UHT in my Dividend Growth Portfolio. See a list of all my dividend growth holdings here.

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About the author:

Dividends4Life
Visit Dividends4Life at:
http://www.dividend-growth-stocks.com/

Rating: 3.3/5 (10 votes)

Comments

isol.seo
Isol.seo - 1 year ago
Dividends are not taxable if they are income distributions from unit trusts and real estate investment trusts (REIT), that are authorized under Section 286 of the Securities and Futures Act (excludes distributions out of franked dividends) on or after 1 Jan 2004.

high dividend yield stocks

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