14 Companies Providing Reliable Distribution Hikes

by Dividend Growth Investor | May 28, 2012 9:00 am

14 Companies Providing Reliable Distribution Hikes

My retirement strategy[1] 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[2] increase dividends, and 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)[3] provides consumer packaged goods in the United States and internationally. The company raised quarterly dividends by 7% to 56.20 cents per share. This dividend king[4] has raised dividends for 56 years in a row. Yield: 3.40% (analysis[5])

Enterprise Products Partners (NYSE:EPD[6]) 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[7] raised quarterly distributions to 62.75 cents per unit, which represented a 5% increase over the same rate this time in 2011. Enterprise Products Partners has raised distributions for 15 years in a row. Yield: 5% (analysis[8])

Kinder Morgan Energy Partners (NYSE:KMP[9]) operates as a pipeline transportation and energy storage company in North America. This MLP raised quarterly distributions to $1.20 per unit, which represented a 5.30% increase over the same rate this time in 2011. Kinder Morgan Energy Partners has raised distributions for 15 years in a row. Yield: 5.70% (analysis[10])

ONEOK Partners (NYSE:OKS[11]) engages in the gathering, processing, storage, and transportation of natural gas in the United States. This MLP raised quarterly distributions to 63.50 cents per unit, which represented a 10.40% increase over the same rate this time in 2011. ONEOK Partners has raised distributions for 7 years in a row. Yield: 4.60%

Western Gas Partners (NYSE:WES[12]) , 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 cents per unit, which represented a 17.90% increase over the same rate this time in 2011. Western Gas Partners has raised distributions for 5 years in a row. Yield: 4%

Spectra Energy Partners (NYSE:SEP[13]) 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 cents per unit, which represented a 4.30% increase over the same rate this time in 2011. Spectra Energy Partners has raised distributions for 5 years in a row. Yield: 6.10%

Crestwood Midstream Partners (NYSE:CMLP[14]) 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 cents per unit, which represented a 13.60% increase over the same rate this time in 2011. Crestwood Midstream Partners has raised distributions for 6 years in a row. Yield: 7.40%

Omega Healthcare Investors (NYSE:OHI[15]) operates as a real estate investment trust (REIT) in the United States. The company raised quarterly distributions to 42 cents per share, which represented a 10.50% increase over the same rate this time in 2011. This dividend achiever[16] has raised distributions for 10 years in a row. Yield: 8%

Southern Company (NYSE:SO[17]) 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 per share. This dividend achiever[16] has raised dividends for 11 years in a row. Yield: 4.30%

PPG Industries (NYSE:PPG[18]) manufactures and supplies protective and decorative coatings. The company raised quarterly dividends by 3.50% to 59 cents per share. This dividend aristocrat[19] has raised dividends for 41years in a row. Yield: 2.30% (analysis)

Sonoco Products (NYSE:SON[20]) provides industrial and consumer packaging products, and packaging services worldwide. The company raised quarterly dividends by 3.30% to 30 cents per share. This dividend champion[21] has raised dividends for 29 years in a row. Yield: 3.70%

People’s United Financial (NASDAQ:PBCT[22]) 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 per share. This dividend achiever[16] has raised dividends for 20 years in a row. Yield: 5.20%

Travelers Companies (NYSE:TRV[23]), 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 per share. The Travelers Companies has raised dividends for 8 years in a row. Yield: 2.90%

Somerset Hills Bancorp (NASDAQ:SOMH[24]) 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 per share. Somerset Hills Bancorp has raised dividends for 8 years in a row. Yield: 3.90%

Full Disclosure: Long PG, EPD, KMR, OKS

Endnotes:
  1. My retirement strategy: http://www.dividendgrowthinvestor.com/2012/01/my-dividend-retirement-plan.html
  2. my dividend portfolio: http://www.dividendgrowthinvestor.com/2010/05/dividend-portfolio-for-long-term.html
  3. PG): http://studio-5.financialcontent.com/investplace/quote?Symbol=PG)
  4. dividend king: http://www.dividendgrowthinvestor.com/2012/01/eleven-dividend-kings-raising-dividends.html
  5. analysis: http://www.dividendgrowthinvestor.com/2012/02/procter-gamble-pg-dividend-stock-to.html
  6. EPD: http://studio-5.financialcontent.com/investplace/quote?Symbol=EPD
  7. master limited partnership: http://www.dividendgrowthinvestor.com/2009/03/master-limited-partnerships-mlps-island.html
  8. analysis: http://www.dividendgrowthinvestor.com/2010/11/enterprise-products-partners-lp-epd.html
  9. KMP: http://studio-5.financialcontent.com/investplace/quote?Symbol=KMP
  10. analysis: http://www.dividendgrowthinvestor.com/2010/01/kinder-morgan-energy-partners-kmp.html
  11. OKS: http://studio-5.financialcontent.com/investplace/quote?Symbol=OKS
  12. WES: http://studio-5.financialcontent.com/investplace/quote?Symbol=WES
  13. SEP: http://studio-5.financialcontent.com/investplace/quote?Symbol=SEP
  14. CMLP: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMLP
  15. OHI: http://studio-5.financialcontent.com/investplace/quote?Symbol=OHI
  16. dividend achiever: http://www.dividendgrowthinvestor.com/2011/01/dividend-achievers-offer-income-growth.html
  17. SO: http://studio-5.financialcontent.com/investplace/quote?Symbol=SO
  18. PPG: http://studio-5.financialcontent.com/investplace/quote?Symbol=PPG
  19. dividend aristocrat: http://www.dividendgrowthinvestor.com/2011/12/dividend-aristocrats-list-for-2012.html
  20. SON: http://studio-5.financialcontent.com/investplace/quote?Symbol=SON
  21. dividend champion: http://www.dividendgrowthinvestor.com/2011/02/dividend-champions-best-list-for.html
  22. PBCT: http://studio-5.financialcontent.com/investplace/quote?Symbol=PBCT
  23. TRV: http://studio-5.financialcontent.com/investplace/quote?Symbol=TRV
  24. SOMH: http://studio-5.financialcontent.com/investplace/quote?Symbol=SOMH

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