14 Dividend Growing Companies to Put on Your List

by Dividend Growth Investor | April 23, 2012 11:36 am

My retirement strategy entails purchasing quality dividend growth stocks, which consistently raise distributions.

It is very reassuring when I see that the companies I have purchased in my dividend portfolio increase dividends,  thus providing me with solid evidence that my research has been correct. Of the list of consistent dividend raisers from the past week, there were four in which I owned a position.

On average, these stocks have delivered a 6.90% increase in distributions to me over the past year.

Procter & Gamble (NYSE:PG[1]) provides consumer packaged goods in the United States and internationally. The company raised quarterly dividends by 7% to 56.20 cents/share. This dividend king[2] has raised dividends for 56 years in a row. Yield: 3.40% (analysis[3])

Enterprise Products Partners (NYSE:EPD[4]) provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, refined products, and petrochemicals in the United States, Canada, and Gulf of Mexico. This master limited partnership[5] raised quarterly distributions to 62.75 cents/unit, which represented a 5% increase over the same rate this time in 2011. Enterprise Products has raised distributions for 15 years in a row. Yield: 5% (analysis[6])

Kinder Morgan (NYSE:KMP[7]) operates as a pipeline transportation and energy storage company in North America. This MLP raised quarterly distributions to $1.20/unit, which represented a 5.30% increase over the same rate this time in 2011. Kinder Morgan has raised distributions for 15 years in a row. Yield: 5.70% (analysis[8])

ONEOK Partners (NYSE:OKS[9]) engages in the gathering, processing, storage, and transportation of natural gas in the United States. This MLP raised quarterly distributions to 63.50 cent/unit, which represented a 10.40% increase over the same rate this time in 2011. ONEOK has raised distributions for 7 years in a row. Yield: 4.60%

Western Gas (NYSE:WES[10]) , together with its subsidiaries, engages in the acquisition, ownership, development, and operation of midstream energy assets in east and west Texas, the Rocky Mountains, and the Mid-Continent. This MLP raised quarterly distributions to 46 cent/unit, which represented a 17.90% increase over the same rate this time in 2011. Western Gas has raised distributions for 5 years in a row. Yield: 4%

Spectra Energy (NYSE:SEP[11]) through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States. This MLP raised quarterly distributions to 48 cent/unit, which represented a 4.30% increase over the same rate this time in 2011. Spectra has raised distributions for 5 years in a row. Yield: 6.10%

Crestwood Midstream (NYSE:CMLP[12]) engages in gathering, compressing, treating, processing, and transporting natural gas primarily on the Barnett Shale formation of the Fort Worth Basin in north Texas. This MLP raised quarterly distributions to 50 cent/unit, which represented a 13.60% increase over the same rate this time in 2011. Crestwood Midstream has raised distributions for 6 years in a row. Yield: 7.40%

Omega Healthcare (NYSE:OHI[13]) operates as a real estate investment trust (REIT)in the United States. The company raised quarterly distributions to 42 cents/share, which represented a 10.50% increase over the same rate this time in 2011. This dividend achiever[14] has raised distributions for 10 years in a row. Yield: 8%

Southern Company (NYSE:SO[15]) operates as an electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources. The company raised quarterly dividends by 3.70% to 49 cents/share. This dividend achiever[14] has raised dividends for 11 years in a row. Yield: 4.30%

PPG (NYSE:PPG[16]) manufactures and supplies protective and decorative coatings. The company raised quarterly dividends by 3.50% to 59 cents/share. This dividend aristocrat[17] has raised dividends for 41years in a row. Yield: 2.30% (analysis)

Sonoco Products  (NYSE:SON[18]) provides industrial and consumer packaging products, and packaging services worldwide. The company raised quarterly dividends by 3.30% to 30 cents/share. This dividend champion[19] has raised dividends for 29 years in a row. Yield: 3.70%

People’s United Financial (NASDAQ:PBCT[20]) operates as the bank holding company for People’s United Bank that provides commercial banking, retail and business banking, and wealth management services to individual, corporate, and municipal customers. The company raised quarterly dividends by 1.60% to 16 cents/share. This dividend achiever[14] has raised dividends for 20 years in a row. Yield: 5.20%

Travelers  (NYSE:TRV[21]), through its subsidiaries, provides various commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals primarily in the United States. The company raised quarterly dividends by 12.20% to 46 cents/share. Travelers  has raised dividends for 8 years in a row. Yield: 2.90%

Somerset Hills Bancorp (NASDAQ:SOMH[22]) operates as the holding company for Somerset Hills Bank, which provides commercial banking products and services primarily in Somerset, Morris, and Union Counties of New Jersey. The company raised quarterly dividends by 14.10% to 8 cents/share. Somerset Hills has raised dividends for 8 years in a row. Yield: 3.90%

Full Disclosure: Long PG, EPD, KMR, OKS

Source URL: https://investorplace.com/2012/04/14-dividend-growing-companies-to-put-on-your-list-pg-so-trv-epd-km/

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