Monday, May 9, 2011

Twelve Income Stocks Rewarding Patient Dividend Investors

Success and riches do not happen overnight. It takes plenty of effort, trial and effort and a lot of time before reaching your true potential in any field. Successful dividend investing is no different. It is all about finding the right strategy, buy the right stocks at the right entry price, diversify and reinvest dividends selectively. Most importantly however, in order to have the power of reinvested dividends work for you, one has to have the patience to stick through thick and thin in their strategy, without abandoning it during bear markets for example. This healthy dose of patience would allow investors to see their capital compound over time.


Several dividend growth stocks raised distributions last week. The list includes:

PepsiCo, Inc. (PEP) manufactures, markets, and sells various foods, snacks, and carbonated and non-carbonated beverages worldwide. The company operates in four divisions: PepsiCo Americas Foods , PepsiCo Americas Beverages , PepsiCo Europe, and PepsiCo Asia, Middle East and Africa. The company raised its quarterly distribution by 7.30% to 51.50 cents/share. This marked the sixth consecutive annual dividend increase for this dividend aristocrat. Yield: 3% (analysis)

Union Pacific Corporation (UNP), through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in North America. The company raised its quarterly distribution by 25% to 47.50 cents/share. This marked the sixth consecutive annual dividend increase for this stock. Yield: 1.90%

Exterran Partners, L.P. (EXLP) provides natural gas compression services in the United States and internationally. This master limited partnership raised quarterly distributions to 47.75 cents/unit. The company has raised distributions for 5 years in a row. Yield: 6.70%

Span-America Medical Systems, Inc. (SPAN) engages in the manufacture and distribution of various therapeutic support surfaces and related products utilizing polyurethane and other foam products for the medical, consumer, and industrial markets in the United States and Canada. The company raised its quarterly distribution by 10% to 11 cents/share. This marked the fourteenth consecutive annual dividend increase for this dividend achiever. Yield: 2.90 %

RLI Corp. (RLI), through its subsidiaries, underwrites property and casualty insurance primarily in the United States. The company operates in three segments: Casualty, Property, and Surety. The company raised its quarterly distribution by 3.40% to 30 cents/share. This marked the sixth consecutive annual dividend increase for this stock. Yield: 2%

Expeditors International of Washington, Inc. (EXPD) provides logistics services in the United States and internationally. The company raised its quarterly distribution by 25% to 25 cents/share. This marked the 17th consecutive annual dividend increase for this dividend achiever. Yield: 0.90%

Cardinal Health, Inc. (CAH) operates as a healthcare solutions company that provides health care products and services. The company operates in two segments, Pharmaceutical and Medical. The company raised its quarterly distribution by 10.30% to 21.5 cents/share. This marked the 22nd consecutive annual dividend increase this dividend achiever. Yield: 1.90%

CSX Corporation (CSX), together with its subsidiaries, provides rail-based transportation services in North America. The company raised its quarterly distribution by 38.50% to 36 cents/share. This marked the seventh consecutive annual dividend increase for this stock. Yield: 1.90%

TECO Energy, Inc. (TE), through its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electric energy in Florida. The company raised its quarterly distribution by 4.90% to 21.50 cents/share. This marked the sixth consecutive annual dividend increase for this stock. Yield: 4.50%

Regal Beloit Corporation (RBC), together with its subsidiaries, manufactures and sells electrical and mechanical products to original equipment manufacturers, distributors, and end users. The company raised its quarterly distribution by 5.90% to 18 cents/share. This marked the seventh consecutive annual dividend increase for this stock. Yield: 1 %

Torchmark Corporation (TMK), through its subsidiaries, provides individual life and supplemental health insurance products, and annuities to middle income households. The company raised its quarterly distribution by 3.10% to 16.50 cents/share. This marked the sixth consecutive annual dividend increase for this stock. Yield: 1 %

VSE Corporation (VSEC), together with its subsidiaries, provide logistics, engineering, legacy equipment sustainment, information technology (IT), construction management, and consulting services in the United States. The company raised its quarterly distribution by 16.70% to 7 cents/share. This marked the eight consecutive annual dividend increase for this stock. Yield: 1 %

Full Disclosure: Long PEP

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