The past week was one of the slowest for dividend increases for many months. In the meantime the number of dividend cuts keeps increasing. Just last week Cedar Fair LP (FUN), a dividend achiever which owns and operates 11 amusement and water parks in the United States and Canada, cut its quarterly distribution in half to $0.25/share. This ended the Sandusky Ohio based company’s streak of 20 years of consistent dividend increases.
Other dividend cuts were mainly in the financial sector, where Capital One Financial (COF) cut its dividends by 88% and Synovus (SNV) cut its already lowered dividend by 83%.
W.P. Carey & Co (WPC), which is an investment management company, increased its quarterly dividends to $0.496 from $0.494 paid in 4Q 2008. This represents a 2.90% increase over the dividend paid in 1Q 2008. W.P. Carey & Co has consistently increased its dividends at least once per year since 1999. This limited liability company currently yields 9.40%.
Equity Lifestyles Properties Inc. (ELS), which is a publicly owned real estate investment trust (REIT), increased its quarterly dividend payment by 25% to $0.25 from $0.20/share. The company cut its dividends in 2004, after which it has kept increasing them. The new payment is still about half ELS’s dividends in 2003 however. This REIT currently yields only 2.60%.
Full Disclosure: None
Relevant Articles:
- Why do I like Dividend Achievers
- Another day, another dividend cut
- Telling the truth or being positive?
- Many Dividend Stocks Keep Raising Their Payments
Popular Posts
-
In order to succeed in dividend investing, you need to have a long-term focus , follow your strategy by making investments at regular inter...
-
The consumer staples sector has been hated by investors over the past year or two. There are several headwinds that appear to have depressed...
-
I just learned that David Fish, who was the creator of the Dividend Champions, Contenders and Challengers list , passed away last month at t...
-
The other day, I shared with you a list of four attractively valued consumer staples for further review. The companies had attractive valua...
-
I review the list of dividend increases weekly , in order to monitor existing holdings and review companies on my list for accumulation at t...
-
The dividend kings list includes the most elite dividend growth companies in the US. A dividend king is a company that has managed to incr...
-
Over the past week, there were two companies that raised dividends to shareholders. For my review, I included only those companies which hav...
-
As part of my monitoring process, I review the list of dividend increases every week. I usually focus on the dividend increases for compani...
-
As part of my monitoring process , I review the list of dividend increases every week. I use this exercise to check up on my holdings, and ...
-
For your reading enjoyment, I have highlighted several articles that the readers found of particular interest this month. I have included th...
