I check the list of dividend increases every single week, in order to monitor companies I own, as well as uncover hidden dividend gems. There were several companies which announced increases to their quarterly dividends in the past week:
Omega Healthcare Investors, Inc. (OHI) is a real estate investment firm which invests in healthcare facilities, primarily in long-term healthcare facilities. The REIT raised its quarterly dividend to 53 cents/share, which is an increase of 8.20% over the same distribution paid in the same time last year. This marked the 13th consecutive dividend increase for this dividend achiever. In the past decade, the company has manage to raise dividends by 10.90%/year. Currently, the stock is selling for times 15.40 FFO and yields 4.90%. Check my analysis of Omega Healthcare Investors.
ONEOK, Inc. (OKE) operates as the general partner of ONEOK Partners, L.P. (OKS) which does the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nation's premier natural gas liquids (NGL) systems. ONEOK Inc raised its quarterly dividend to 60.50 cents/share, while the partnership raised its quarterly distributions to 79 cents/unit. The increase over the same time last year is 51% for the general partner and 8.20% for the limited partner. The ten year dividend growth is 18.70%/year for ONEOK Inc and 6.50%/year for ONEOK Partners. ONEOK Inc yields 5.70% while ONEOK Partners yields 8%. Check my analysis of ONEOK Partners. I recently sold my limited partner interest for those of the general partner. I had a small remaining position in ONEOK Partners which I converted to Williams companies (WMB) last week.
Consolidated Edison, Inc. (ED) is engaged in regulated electric, gas, and steam delivery businesses in the United States. This dividend champion raised its quarterly distribution by 3.20% to 65 cents/share. This marked the 41st consecutive dividend increase for Con Edison, which is the oldest continuously listed stock on the NYSE – been listed since 1824.The ten year dividend growth rate is 1.10%/year. Currently, the stock is selling at 17.90 times earnings and yields 3.80%. I used to own Con Edison, but grew dissatisfied by the low growth and ended up disposing my position there. Check my analysis of Con Edison I posted on Seeking Alpha.
Fastenal Company (FAST), together with its subsidiaries, operates as a wholesaler and retailer of industrial and construction supplies in the United States, Canada, and internationally. The company raised its quarterly dividend by 12% to 28 cents/share. This marked the 16th consecutive dividend increase for this dividend achiever. In the past decade, the company has manage to raise dividends by 25.90%/year. Currently, the stock is selling for 26.50 times earnings and yields 2.60%. I plan on adding this company on my list for further research.
Linear Technology Corporation (LLTC), together with its subsidiaries, designs, manufactures, and markets a line of analog integrated circuits (ICs) worldwide. The company raised its quarterly dividend by 11.10% to 30 cents/share. This marked the 23rd consecutive dividend increase for this dividend achiever. In the past decade, the company has manage to raise dividends by 12.90%/year. Currently, the stock is selling for 21.40 times earnings and yields 2.70%. I plan on adding this company on my list for further research.
BlackRock, Inc. (BLK) is a publicly owned investment manager. The company raised its quarterly dividend by 13% to $2.18/share. This marked the sixth consecutive annual dividend increase for Blackrock. While this dividend contender kept dividends unchanged in 2009, it nevertheless has managed to achieve a ten year dividend growth rate of 22.70%/year. The stock currently sells for 17 times earnings and yields 2.50%. I am going to add Blackrock on my list for further research.
Full Disclosure: Long OKE, WMB and OHI
Relevant Articles:
- Dividend Yield or Dividend Growth:My Experience With both
- Five Things to Look For in a Real Estate Investment Trust
- Two and a half purchases I made this week
- How to read my weekly dividend increase reports
Popular Posts
-
I review the list of dividend increases weekly, in an effort to monitor the existing dividend growth investing universe from a different ang...
-
I review the list of dividend increases every single week, as part of my monitoring process. It's a boring activity, which teaches me le...
-
Welcome to my latest weekly review of dividend increases. As part of my monitoring process, I review dividend increases that occured over ...
-
The US Stock Market has delivered great returns for patient long-term investors. You just need to have a 20 - 30 year timeframe, and avoid p...
-
Note: Article was originally posted in August 2020 The Dow Jones Industrials average is the oldest continuously updated stock index in the U...
-
As part of my review process, I evaluate dividend increases every week. This process helps me to see how my portfolio holdings are doing. It...
-
My favorite perplexities of investing: I would only buy a security that fits my entry criteria, but then I would hold onto to it until it hi...
-
The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years ...
-
One of the best reads is " Agony & Ecstasy " by JP Morgan from 2014. It found that 40% of all stocks experienced catastrophic...
-
Dividend investing is as sexy as watching paint dry on the wall. Defining an entry criteria that selects quality dividend stocks with risi...
