Freeport McMoRan Copper and Gold Inc offer Long Term Investment Opportunity
Four stocks increased their dividends this week, but no dividend aristocrats or achievers have made any relevant announcements regarding dividends.
General Mills (GIS), producer of branded food products, has increased its dividend 17% to $0.28 per share. This produces a new yield of 3.15%. MSC Industrial (MSM), an industrial marketing firm, has increased its quarterly dividend 10% to $0.22 per share giving a new yield of 1.74%. Freeport McMoRan Copper and Gold Inc (FCX), one of the largest copper producers worldwide, has doubled its dividend to $0.30 providing a new yield of 2.03%. Finally Government Properties Income Trust (GOV), a trust specializing in the lease of properties to US government departments, has increased its quarterly distribution to give the trust a new yield of 6.31%.
Final Thoughts
With only four stocks showcasing increased dividends this week it’s hard to produce comparisons on certain stocks. That being said, the one to watch in this article appears to be the Government Properties Income Trust giving a hefty yield at 6.31%. However, Freeport McMoRan Copper and Gold Inc are quite likely to be a good long term investment, especially if they keep increasing they dividend by huge amounts each time.
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