Dividend Achievers Additions for 2012

by Dividend Growth Investor | March 22, 2012 10:50 am

The new additions to the Dividend Achievers Index were announced a few weeks ago by Mergent. The dividend achievers index includes companies with the following characteristics:

I typically screen the list of dividend achievers at least once a month to search for attractively valued dividend stocks to accumulate. With more than 200 individual dividend growth stocks comprising the index, I have plenty of companies to sift through to find the 20 or 30 that ultimately could find their way in my dividend portfolio.

In addition, looking at the list of new dividend achievers additions might enable me to identify the next big dividend growth story, finding a company that will pay rising dividends for the next several decades.

The companies added to the index in 2012 include the following companies:

Southern Company (NYSE:SO[1]), through its subsidiaries, operates as a utility company that provides electric service in the southeastern United States.

Monsanto (NYSE:MON[2]), together with its subsidiaries, provides agricultural products for farmers in the United States and internationally.

Nike (NYSE:NKE[3]), together with its subsidiaries, engages in the design, development, marketing and sale of footwear, apparel, equipment and accessory products for men, women, and children worldwide.

Norfolk Southern (NYSE:NSC[4]), through its subsidiaries, engages in the rail transportation of raw materials, intermediate products and finished goods primarily in the United States.

Magellan Midstream Partners (NYSE:MMP[5]), together with its subsidiaries, engages in the transportation, storage and distribution of refined petroleum products and crude oil in the United States.

W.R. Berkley (NYSE:WRB[6]), an insurance holding company, operates as commercial lines writers in the property casualty insurance business primarily in the United States.

Harris (NYSE:HRS[7]), together with its subsidiaries, operates as a communications and information technology company that serves government and commercial markets worldwide.

NuStar Energy (NYSE:NS[8]) engages in the terminalling, storage and transportation of petroleum products primarily in the United States, Canada, the Netherlands, St. Eustatius in the Caribbean, the United Kingdom and Mexico.

Royal Gold (NASDAQ:RGLD[9]), together with its subsidiaries, engages in the acquisition and management of precious metal royalties.

Senior Housing Properties (NYSE:SNH[10]), a real estate investment trust (REIT), primarily invests in senior housing properties in the United States.

Nu Skin Enterprises (NYSE:NUS[11]) develops and distributes anti-aging personal care products and nutritional supplements worldwide.

Inergy (NYSE:NRGY[12]) engages in the retail marketing, sale and distribution of propane to residential, commercial, industrial and agricultural customers in the United States.

Delphi Financial Group (NYSE:DFG[13]), a financial services company, together with its subsidiaries, provides specialty insurance and insurance-related services in the United States.

Valmont Industries (NYSE:VMI[14]) produces and sells fabricated metal products, pole and tower structures, and mechanized irrigation systems in the United States and internationally.

Watsco (NYSE:WSO[15]), together with its subsidiaries, distributes air conditioning, heating and refrigeration equipment, and related parts and supplies in the United States.

Sanderson Farms (NASDAQ:SAFM[16]), an integrated poultry processing company, engages in the production, processing, marketing and distribution of fresh, frozen and prepared chicken products in the United States.

1st Source (NASDAQ:SRCE[17]) operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services to individuals and businesses in the United States.

Tompkins Financial (AMEX:TMP[18]), through its banking subsidiaries, Tompkins Trust Company, The Bank of Castile and The Mahopac National Bank, provides banking and financial services to individuals, corporations and other services to business clients in New York.

Republic Bancorp (NASDAQ:RBCAA[19]) operates as the holding company for Republic Bank & Trust Company and Republic Bank, which provides banking, tax refund solutions, and mortgage banking services to individuals and businesses in the United States.

Arrow Financial (NASDAQ:AROW[20]) operates as the holding company for Glens Falls National Bank and Trust Company, and Saratoga National Bank and Trust Company that offer various commercial and consumer banking, and financial products in the United States.

Cass Information Systems (NASDAQ:CASS[21]) provides payment and information processing services to large manufacturing, distribution and retail enterprises in the United States.

Connecticut Water Service (NASDAQ:CTWS[22]), through its subsidiaries, operates as a regulated water company in Connecticut.

The average yield of the new additions is 3.5%. There are a few companies on this list which I have observed for several years as they have been approaching dividend achiever status.

I plan on further researching these new additions by analyzing the historical performance and determining whether there are any competitive advantages that will protect future profits.

Endnotes:
  1. SO: http://studio-5.financialcontent.com/investplace/quote?Symbol=SO
  2. MON: http://studio-5.financialcontent.com/investplace/quote?Symbol=MON
  3. NKE: http://studio-5.financialcontent.com/investplace/quote?Symbol=NKE
  4. NSC: http://studio-5.financialcontent.com/investplace/quote?Symbol=NSC
  5. MMP: http://studio-5.financialcontent.com/investplace/quote?Symbol=MMP
  6. WRB: http://studio-5.financialcontent.com/investplace/quote?Symbol=WRB
  7. HRS: http://studio-5.financialcontent.com/investplace/quote?Symbol=HRS
  8. NS: http://studio-5.financialcontent.com/investplace/quote?Symbol=NS
  9. RGLD: http://studio-5.financialcontent.com/investplace/quote?Symbol=RGLD
  10. SNH: http://studio-5.financialcontent.com/investplace/quote?Symbol=SNH
  11. NUS: http://studio-5.financialcontent.com/investplace/quote?Symbol=NUS
  12. NRGY: http://studio-5.financialcontent.com/investplace/quote?Symbol=NRGY
  13. DFG: http://studio-5.financialcontent.com/investplace/quote?Symbol=DFG
  14. VMI: http://studio-5.financialcontent.com/investplace/quote?Symbol=VMI
  15. WSO: http://studio-5.financialcontent.com/investplace/quote?Symbol=WSO
  16. SAFM: http://studio-5.financialcontent.com/investplace/quote?Symbol=SAFM
  17. SRCE: http://studio-5.financialcontent.com/investplace/quote?Symbol=SRCE
  18. TMP: http://studio-5.financialcontent.com/investplace/quote?Symbol=TMP
  19. RBCAA: http://studio-5.financialcontent.com/investplace/quote?Symbol=RBCAA
  20. AROW: http://studio-5.financialcontent.com/investplace/quote?Symbol=AROW
  21. CASS: http://studio-5.financialcontent.com/investplace/quote?Symbol=CASS
  22. CTWS: http://studio-5.financialcontent.com/investplace/quote?Symbol=CTWS

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