7 Dividend Stocks Increasing Payouts in February 2012
1.59%March 26 | MyPlanIQ portfolio symbol P_36526
7 Dividend Stocks Hiking Payouts in February 2012
Jonas Elmerraji from Stockpickr highlighted seven companies that have
increased their dividends in February. As we continue to look for
companies with dividends, those increasing them is welcome as inflation
is likely to be a reality which we have to face.
The seven companies are:
- Cisco Systems (CSCO) is the largest company to announce a dividend hike. While share prices have been somewhat volatile, dividend payouts have been consistent since the firm announced its first dividend in 2011.
- Occidental
Petroleum (OXY) shares have
rallied more than 11% this year
- United Parcel Service (UPS) hiked its dividend payout by 9.62% bringing the firm's quarterly dividend to 57 cents per share, approximately a 3% dividend yield.
- 3M (MMM) manufactures a slew of industrial and consumer products that range from Scotch Tape and Post-It Notes. Company management increased the dividend by 9.62% to 59 cents per share. That's 54 consecutive years of payout hikes.
- MasterCard (MA) doubled its tiny dividend payout on Tuesday, bringing the firm's quarterly dividend to 30 cents per share.
- The world's largest copper and molybdenum producer, Freeport-McMoRan(FCX) increased its dividend payout by 25%, bringing its quarterly dividend to 31 cents per share. That's a 2.2% yield at current share price levels.
-
Apache (APA) has paid out a dividend for the last 46
straight years but its current yield is only 0.64%. A 13.33% dividend hike improves Apache's quarterly payout
to 17 cents per share, it's still not a material move. This is the least attractive of the bunch.
These are not the usual
suspects when it comes to dividend stocks but it is a diversified
set of companies -- including a couple of REIT alternatives and so
they are worth measuring them against our benchmark ETF portfolio.