Virtually everything in this world can be placed into a few basic categories. This is especially true for Dividend Stocks when looking at their historic performance and expectations for the future. Consider these three broad categories: The Good: As you might guess, these are the dividend stocks that are doing exactly what they should do – consistently raising their dividends each year in spite of troubled economic times. The Bad: Companies that held their dividends flat. The Ugly: Companies that cut their dividends.
Here are several companies in the "Good" category that recently rewarded their shareholders with increased cash distributions:
RPM International (RPM) makes specialty coatings and products for the structural waterproofing and corrosion control markets. January 5th the company increased its quarterly dividend 2.5% to $0.205/share. The dividend is payable on January 29, 2010 to stockholders of record as of January 15, 2010. The ex-dividend date is January 13, 2009. RPM is a Dividend Achiever and has raised its dividend for 37 consecutive years. The yield based on the new payout is 4.04%.
Calumet Specialty Products (CLMT) operates refineries in Louisiana and facilities in Pennsylvania and Texas with product distribution throughout North America. January 5th the company raised its quarterly distribution to $0.455/unit. The distribution is payable on February 12, 2010 to holders of record of such units at the close of business on February 2, 2010. ex-dividend date is January 29, 2009. The yield based on the new payout is 9.63%.
Robbins & Myers (RBN) supplies engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets. January 5th the company bumped its quarterly dividend to $0.0425/share. The dividend is payable on February 19, 2010 to shareholders of record as of January 21, 2010. The yield based on the new payout is 0.72%.
Pentair (PNR) makes and markets water and fluid control devices, and electrical and electronic enclosures. January 7th the company increased its quarterly cash dividend 6% to $0.18/share. The the dividend is payable in the first quarter of 2010. PNR is a Dividend Achiever and has raised its dividend for 34 consecutive years. The yield based on the new payout is 2.26%.
Raising its dividend each year is the first step for a "Good" dividend stock to becoming a "Great" dividend stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.
Full Disclosure: No position in the aforementioned securities. See a list of all my income holdings here.
Tags: [CLMT] [PNR] [RBN] [RPM]
Popular Posts - Last 7 days
We all want to succeed in everything that we do, including investing in the stock market. Though I have no analytical data to back it up, I...
A stock dividend , also known as a "scrip dividend", is a dividend payment made with stock instead of cash. Sometimes when compani...
Each Sunday I highlight any notable articles that I came across over the past week. Though I may not always agree with each of the articles ...
Linked here is a detailed quantitative analysis of Johnson Controls, Inc. (JCI). Below are some highlights from the above linked analysis: ...
Presented below are my dividend stock and ETF/CEF holdings. This is not a recommendation to buy these securities. I have classified some of...
Monday, October 31, 2011 will mark my fourth full year of writing as Dividends4Life . It is hard to believe another year has passed. Like th...
Like many that came before me, I am on a journey to construct a portfolio that will provide me... Dividends 4 Life
Linked here is a detailed quantitative analysis of Pepsico, Inc. (PEP). Below are some highlights from the above linked analysis: Company...
Linked here is a detailed quantitative analysis of HCP, Inc. (HCP). Below are some highlights from the above linked analysis: Company Des...
You can’t spend earnings ! At first glance, this seems like an odd statement, possibly even incorrect. However, it is not only correct, but ...