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Tuesday, June 26, 2012

9 High-Yield Dividend Achievers With 25 Years of Increases

The Broad Dividend Achievers™ Index is comprised of companies incorporated in the United States or its territories, trade on the NYSE, NASDAQ or AMEX, and have increased their annual regular dividend payments for the last ten or more consecutive years. Unlike the more recognized Dividend Aristocrats list, The Broad Dividend Achievers™ Index is not limited to only stocks included in the S&P 500 Index. Thus it also includes small cap stocks.

The Broad Dividend Achievers™ Index is comprised of companies incorporated in the United States or its territories, trade on the NYSE, NASDAQ or AMEX, and have increased their annual regular dividend payments for the last ten or more consecutive years.

In addition, the stock's average daily cash volume must exceed $500,000 per day in the November and December prior to the annual reconstitution date on the last trading date in January. The index is calculated using a modified market capitalization weighting methodology and has been published by the American Stock Exchange under the ticker symbol DAA since December 5, 2003.

This week, I screened my dividend growth stocks database for Dividend Achievers with a yield greater than 4% and have increased their dividends for at least 25 consecutive years. The results are presented below:

Atmos Energy Corp. (ATO) distributes and sells natural gas to residential, commercial, industrial, and agricultural customers, and also conducts non-utility operations.
Yield: 4.1% | Years of Dividend Growth: 25

Cincinnati Financial Corp. (CINF) is an insurance holding company that primarily markets property and casualty coverage. It also conducts life insurance and asset management operations.
Yield: 4.4% | Years of Dividend Growth: 52

Black Hills Corp. (BKH) is a diversified South Dakota-based holding company that encompasses electric utility and integrated energy businesses.
Yield: 4.5% | Years of Dividend Growth: 42

Vectren Corp. (VVC) is an energy holding company that delivers gas and/or electricity to more than one million utility customers in Indiana and Ohio, and offers other energy related products and services.
Yield: 4.7% | Years of Dividend Growth: 53

AT&T Inc. (T) provides telephone and broadband service and holds full ownership of AT&T Mobility (formerly Cingular Wireless).
Yield: 5.0% | Years of Dividend Growth: 29

Leggett & Platt Inc. (LEG) makes a broad line of bedding and furniture components and other home, office and commercial furnishings, as well as diversified products for non-furnishings markets.
Yield: 5.6% | Years of Dividend Growth: 40

Mercury General Corp. (MCY) is an insurance holding company, operating primarily in California, writes a full line of automobile coverage for all classifications of risk.
Yield: 5.8% | Years of Dividend Growth: 25

Universal Health Realty Income Trust (UHT) is a real estate investment trust (REIT) that invests in healthcare and human service related facilities.
Yield: 6.2% | Years of Dividend Growth: 26

Old Republic Intl (ORI) writes property and liability, mortgage guaranty, title and life, and disability insurance.
Yield: 7.7% | Years of Dividend Growth: 31

As with past screens, the data presented above is in its raw form. Some of the the companies would be disqualified for poor dividend fundamentals. However some of the others may be worth additional due diligence.

My database, D4L-Data, is an Open Office spreadsheet containing more than 20 columns of information on the 220+ companies that I track. The data is sortable and has built-in buttons and macros to make it easy to use. Companies included in the list are those that have had a history of dividend growth. The D4L-Data spreadsheet is a part of D4L-Premium Services and is updated each Saturday for subscribers.

Full Disclosure: Long CINF, T, LEG, UHT in my Dividend Growth Portfolio, and VVC, MCY in my High yield portfolio. See a list of all my dividend growth holdings here.

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(Photo Credit)

Tags: [ATO] [CINF] [BKH] [VVC] [T] [LEG] [MCY] [UHT] [ORI]

2 comments:

  1. I have to push back a bit on this post. Why are you mentioning ORI? A 7% yield for a non-MLP is a red flag. That company has been losing money for years. I know you have a disclaimer at the penultimate paragraph, but I don't think you should mention companies with bad fundamentals.

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  2. Half of the stocks listed here have a higher payout per share than earnings per share. Getting some of my own $ back in the form of a return of capital is silly as it now becomes a taxable event.

    However, the other 1/2 of the companies with earnings that exceed their dividends look like good stocks, provided you can enter at the right price. No point earning 5% dividend to lose 8% in market value.

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