Monday, August 22, 2011

Six Dividend Stocks Increasing Distributions Despite Market Volatility

Several companies raised distributions over the past week. The companies which I highlighted in this article have each raised dividends for at least five years in a row. These companies also announced dividend increases over the past week. I typically utilize this list in order to find hidden dividend gems. One hidden dividend gem uncovered was Hingham Institution for Savings (HIFS), which has delivered a 61.60% total return since I analyzed the stock in April 2010.

The companies include:

Cincinnati Financial Corporation (CINF) engages in the property casualty insurance business in the United States. The company raised its quarterly dividend by 0.63% to 40.25 cents/share. Cincinnati Financial Corporation is one of eleven companies in the world which have managed to consistently raise dividends for over half a century. Yield: 6.10% (analysis)

MGE Energy, Inc. (MGEE), through its subsidiaries, operates as a public utility holding company. It engages in generating, purchasing, transmitting, and distributing electricity. The company raised its quarterly dividend by 2% to 38.26 cents/share. MGE Energy, Inc. is a dividend champion which has rasied dividends for 35 years in a row. Yield: 3.80%

Delta Natural Gas Company, Inc. (DGAS) distributes or transports natural gas in central and southeastern Kentucky. The company raised its quarterly dividend by 2.90% to 35 cents.share. Delta Natural Gas Company, Inc. has consistently raised distributions for 7 years in row. Yield: 4.50%

ITC Holdings Corp. (ITC), through its subsidiaries, engages in the transmission of electricity in the United States. The company raised its quarterly dividend by 5.20% to 35.25 cents/share. ITC Holdings Corp. has raised distributions for 7 consecutive years. Yield: 2%

Maxim Integrated Products, Inc. (MXIM) designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits worldwide. The company raised its quarterly dividend by 4.80% to 22 cents/share. Maxim Integrated Products, Inc. is a dividend achiever which has consistently raised dividends for 11 years. Yield: 4.10%

Nordson Corporation (NDSN) manufactures equipment used for precision dispensing, testing and inspection, and surface preparation and curing. The company raised its quarterly dividend by 19% to 12.50 cents/share Nordson Corporation is a dividend champion which has regularly raised dividends for 48 years in a row. Yield:1.10%


Full Disclosure: Long CINF and HIFS

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