It’s the Dividend Aristocrats’ Turn to Come out of Hiding
Last week we saw the dividend achievers come out of their shells and offer us decent increases in their dividends, this week we have three dividend aristocrats featuring instead.
First up, Enterprise Products Partners (EPD), provider of natural gas production and delivery, has increased its quarterly distribution to $0.5675 per share. This produces a new yield of 6.36%. Another energy company, providing services in the US Gulf Coast region, Genesis Energy (GEL), has increased its quarterly distribution to $0.3675 bringing an even healthier yield of 7.20%. HB Fuller (FUL), a worldwide manufacturer of sealants and paints, has increased its quarterly dividend to $0.07 per share. This produces a yield of 1.17%. Finally, our last ‘normal’ stock of the week, Donegal (DGICA), an insurance provider operating in the Mid-Atlantic, Midwestern and South-eastern states, has increased its dividend to $0.115 generating a new yield of 3.08%.
Dividend Aristocrats
Walgreens (WAG), an online pharmacy, announced a quarterly dividend of $0.1375 per share generating a new yield of 1.5%. Pitney Bowes (PBI), software and hardware provider to the mailing industry, has declared a quarterly dividend of $0.365 per share, producing a 5.9% yield. And, finally, Consolidated Edison (ED), electric services provider to New York, has announced an increase in its quarterly dividend to $0.595 per share. This produces a yield of 5.3%.
Final Thoughts
‘Finally’, I hear you cry, ‘some attractive yields for investors’. I share your elation – it has been a long time since we have seen a week where the super-5% yields have outstripped the sub-5% yields. Any one of these stocks would be attractive to a dividend investor bar Walgreens and HB Fuller, who both produce a yield of a little over 1%.
If you are considering chasing the high yields of the two energy providers featured at the top of this page, you may want to ask yourself if you can forgo the extra percentage point, and instead invest your money in Consolidated Edison. Consolidated Edison is an energy company as good as any yet, as it is featured on the dividend aristocrats list, they are more likely to look after you over the long term. Always remember that in dividend investing, the short term is practically irrelevant, and you should always look to the long term for your investments.
Popularity: 1% [?]
