I regularly check the wires for companies which are increasing dividends. That way I have another control which would enable me to find promising dividend growers to add to my watchlist for accumulation. This week there were several companies announcing healthy dividend raises to shareholders.
Emerson Electric (EMR),a diversified global technology company, announced that its Board has approved a 10.00% increase in its quarterly dividend from $0.30 to $0.33 per common share effective fourth quarter of 2008. Emerson Electric is a dividend aristocrat which has increased its dividends for over fifty one years. The stock currently yields 3.80%.
Aqua America, Inc. (WTR), a regulated utilities that provides water or wastewater services in the United States, announced that its Board has approved an 8.00% increase in its quarterly dividend to $0.135 per common share effective fourth quarter of 2008. Aqua America is a dividend achiever which has increased its dividends for over two decades. The stock currently yields 3.20%.
Teekay Offshore Partners L.P. (TOO) announced that its Board has approved a 12.50% increase in its quarterly dividend from $0.40 to $0.45 per common share. The stock currently yields 14.70%.
Royal Gold (RGLD), which engages in acquiring and managing precious metals royalties, announced that its Board has approved a 14.00% increase in its quarterly dividend from $0.07 to $0.08 per common share. Royal Gold could be an interesting way to invest in gold rather than purchasing the metal outright. The stock currently yields only 1.10% however.
Perrigo Company (PRGO) announced that its Board has approved a 10% increase in its quarterly dividend from $0.05 to $0.055 per common share. Perrigo has more than doubled its quarterly dividend since 2003. The stock currently yields only 0.60%.
Aaron Rents, Inc. (RNT) announced that its Board has approved a 6.30% increase in its quarterly dividend from $0.016 to $0.017 per common share. The stock currently yields only 0.30%.
I think that Aqua America looks like an interesting water play. CNBC’s High Net Worth mentioned that water is going to be the next oil during the current century as more people around the world demand clean water. I wille be researching WTR further down the road.
Full Disclosure: Long EMR
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