Featured Articles:
- CVS Health Corporation: Trading Below Fair Value And Strong Dividend Growth
- Yum! Brands And 5 Other Stocks Just Gave Their Shareholders A Raise

Friday, January 11, 2013

Ford (F) Doubles Its Dividend, And 3 Other Increases

Ford Motor Company (F) is the second-largest U.S.-based automaker and the fifth-largest in the world based on 2010 vehicle sales. Founded by Henry Ford and incorporated on June 16, 1903, the company sells automobiles and commercial vehicles under the Ford brand and luxury cars under the Lincoln brand. Ford owns small stakes in Mazda of Japan and Aston Martin of the United Kingdom. It employs about 213,000 employees at around 90 plants and facilities worldwide.

January 10th the company increased its dividend 100% to $0.10 per quarter. Commenting on the dividend increase, Bob Shanks Ford's CFO said:

Our ability to double our dividend in one year is a testament to our One Ford plan, which has enabled us to maintain a solid balance sheet, while at the same time growing our business to provide our shareholders with more return on their investments.

Through the first three quarters of 2012, Ford increased its liquidity position by $2 billion and generated 10 consecutive quarters of positive Automotive operating-related cash flow.

The dividend is payable on March 1, 2013, to shareholders of record on Jan. 30, 2013. The yield based on the new payout is 2.9%.

Below are several other companies that have recently increased their cash dividends to shareholders:

Plains All American Pipeline, L.P. (PAA), through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquid petroleum gas (LPG) products in the United States and Canada. January 7th the partnership increased its quarterly distribution 3.7% to $0.5625 per unit. The distribution is payable February 14, 2013, to holders of record of such units at the close of business on February 1, 2013. The yield based on the new payout is 4.6%.

Sabra Health Care REIT, Inc. (SBRA) operates as a real estate investment trust in the United States. January 7th the company increased its quarter dividend 3% to $0.34 cents per share. The dividend is payable February 28, 2013 to stockholders of record as of the close of business on February 15, 2013. The yield based on the new payout is 5.8%.

DDR Corp. (DDR) operates as a real estate investment trust (REIT) in the United States. January 7th the company increased its quarterly dividend 12.5% to $0.135 per share. The dividend is payable April 2, 2013 to shareholders of record at the close of business on March 14, 2013. The yield based on the new payout is 3.4%.

Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any 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 dividend growth holdings here.

Related Posts
- 9 High-Yield Dividend Achievers With 25 Years of Increases
- 7 Dividend Stocks For A Confident And Secure Future
- 7 High Yielders With A Low Free Cash Flow Payout
- Wealth is a Journey, Dividend Stocks Can Take You There
- 5 Higher-Yielding, Income Growing Tech Stocks
(Photo Credit) Ford info from Wikipedia


Tags: [F] [PAA] [SBRA] [DDR]

No comments:

Post a Comment

Popular Posts - Last 7 days