Thursday, September 29, 2011

7 High-Yield Dividend Achievers With 25 Years of Increases

While the S&P 500 Dividend Aristocrats may be the most recognized list of dividend stocks, it is certainty not the largest. Since the Dividend Aristocrats list is limited to only stocks included in the S&P 500 Index, many smaller stocks are excluded. To expand the population of potential investments, many investors look at the dividend growth stocks included in Broad Dividend Achievers™ list.

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 week, I screened my dividend growth stocks database for Dividend Achievers with a yield greater than 5% and have increased their dividends for at least 25 consecutive years. I excluded companies that were Dividend Aristocrats. The results are presented below:

Universal Corporation (UVV)
Yield: 5.1% | Years of Dividend Growth: 41
Universal Corporation, a leaf tobacco merchant and processor, buys, processes, packs, stores, ships, and finances leaf tobacco for sale to manufacturers of consumer tobacco products.

Vectren Corporation (VVC)
Yield: 5.2% | Years of Dividend Growth: 52
Vectren Corp. 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.

Community Trust Bank Corp. (CTBI)
Yield: 5.3% | Years of Dividend Growth: 31
Community Trust Bank Corp. owns and operates Community Trust Bank, Inc. of Pikeville, KY, which provides commercial banking services in Kentucky and West Virginia; and a trust company.

AT&T Inc. (T)
Yield: 6.2% | Years of Dividend Growth: 28
AT&T Inc. (formerly SBC Communications) provides telephone and broadband service and holds full ownership of AT&T Mobility (formerly Cingular Wireless). AT&T Corp. was acquired in late 2005 and BellSouth in late 2006.

Washington Real Estate Investment Trust (WRE)
Yield: 6.2% | Years of Dividend Growth: 40
Washington Real Estate Investment Trust is a real estate investment trust that owns and develops income-producing real properties in the greaterWashington metro region.

Universal HealthRealty Income Trust (UHT)
Yield: 7.2% | Years of Dividend Growth: 25
Universal Health Realty Income Trust is a real estate investment trust (REIT) that invests in healthcare and human service related facilities.

Old Republic International (ORI)
Yield: 8.0% | Years of Dividend Growth: 30
Old Republic Intl writes property and liability, mortgage guaranty, title and life, and disability insurance.

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 210+ 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 UHT, T, CTBI, VVC. See a list of all my dividend growth holdings here.

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