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
Presented below are my dividend stock and ETF/CEF holdings. This is not a recommendation to buy these securities. I have classified some of...
Linked here is a detailed quantitative analysis of Kimberly-Clark Co. (KMB). Below are some highlights from the above linked analysis: Co...
Some goals for building wealth would include putting kids through college, paying off mortgages, helping family members and enjoying a finan...
Each Sunday I highlight any notable articles that I came across over the past week, along with any Carnivals I participated in. For those re...
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...
Linked here is a detailed quantitative analysis of Verizon Communications Inc. (VZ). Below are some highlights from the above linked analys...
We have all heard it. Mainstream media pundits talking about 'the lost decade' and that ' buy-and-hold as a strategy is dead an...
Like many that came before me, I am on a journey to construct a portfolio that will provide me... Dividends 4 Life
It is the goal of many people to build enough wealth to put their kids through college, payoff their mortgage, be in a position to help thei...
" You See What I See " Each weekend I update the D4L-Dashboard and post it by Sunday morning. This is premium content and r...