14 Dividend Paying Machines

by Dividend Growth Investor | January 22, 2013 1:00 am

14 Dividend Paying Machines

Every week I review the list of dividend increases in order to feel the pulse of cash distributions by corporate America. I also use this list in order to learn about dividend increases or dividend cuts by companies I own. In addition, I use the list in order to gauge the momentum in dividend increases for companies I am considering for addition in my portfolio or to identify prominent dividend growers for further research.

Over the past week the following companies announced dividend hikes[1]. I focused on the ones that have managed to boost distributions for at least five years in a row below:

Enterprise Products Partners (NYSE:EPD[2]) 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 and internationally. The partnership boosted quarterly distributions from 65 to 66 cents per unit. This dividend achiever has regularly boosted distributions for 15 years in a row. Over the past 10 years, Enterprise Products Partners has managed to boost annual distributions by 6.70% per year. Yield: 4.90% Check my analysis[3] of the partnership.

Kinder Morgan Energy Partners (NSYE:KMP[4]) operates as a pipeline transportation and energy storage company in North America. The partnership boosted quarterly distributions from $1.26 to $1.29 per unit. This dividend achiever has regularly boosted distributions for 16 years in a row. Over the past 10 years, Kinder Morgan Energy Partners has managed to boost annual distributions by 7.50% per year. Yield: 5.90%. Check my analysis[5] of the partnership.

Kinder Morgan, Inc. (NYSE:KMI[6]) owns and operates energy transportation and storage assets in the United States and Canada. The company boosted quarterly distributions from 36 to 37 cents per share. The general partner[7] of Kinder Morgan Partners has boosted dividends five times since going public in 2011. Yield: 4%

ONEOK (NYSE:OKE[8]), a diversified energy company, engages in the gathering, processing, storage, and transportation of natural gas and natural gas liquids in the United States. The company boosted quarterly distributions from 33 to 36 cents per share. This dividend achiever has regularly boosted distributions for 10 years in a row. Over the past 10 years, ONEOK, Inc has managed to boost annual dividends by 15.10% per year. Yield: 3.10%. Check my analysis[9] of the stock.

ONEOK Partners, L.P. (NYSE:OKS[10]) engages in the gathering, processing, storage, and transportation of natural gas in the United States. The partnership boosted quarterly distributions from 68.50 to 71 cents per unit. This MLP has regularly boosted distributions for 7 years in a row. Over the past 10 years, ONEOK Partners, L.P.has managed to boost annual distributions by 4.90% per year. Yield: 4.90%

Targa Resources Partners LP (NYSE:NGLS[11]) provides midstream natural gas and natural gas liquid (NGL) services in the United States. The partnership boosted quarterly distributions from 66 to 68 cents per unit. This MLP has regularly boosted distributions for 5 years in a row. Over the past 5 years, Targa Resources Partners has managed to boost annual distributions by 24.60% per year. Yield: 6.90%

Genesis Energy, L.P. (NYSE:GEL[12]) operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States. The partnership boosted quarterly distributions from 47.25 to 48.50 cents per unit. This dividend achiever has regularly boosted distributions for 10 years in a row. Over the past 10 years, Genesis Energy has managed to boost annual distributions by 11.60% per year. Yield: 5.20%

Williams Companies (NYSE:WMB[13]) operates as an energy infrastructure company in the United States. The company boosted quarterly distributions from 32.50 to 33.875 cents per share. This dividend stock has regularly boosted distributions for 9 years in a row. Over the past 10 years, Williams Companies has managed to boost annual dividends by 11%/year. Yield: 3.90%

Omega Healthcare Investors (NYSE:OHI[14]) operates as a real estate investment trust (REIT) in the United States. The company boosted quarterly distributions from 44 to 45 cents per share. This dividend achiever[15] has regularly boosted distributions for 10 years in a row. Over the past 5 years, Omega Healthcare Investors has managed to boost annual dividends by 9.40% per year. Yield: 7.10%

Wisconsin Energy (NYSE:WEC[16]) generates and distributes electric energy, as well as distributes natural gas. The company boosted quarterly distributions from 30 to 34 cents per share. This dividend achiever has regularly boosted distributions for 11 years in a row. Over the past 10 years, Wisconsin Energy Corporation has managed to boost annual dividends by 11.60% per year. Yield: 3.60%

AptarGroup (NYSE:ATR[17]) engages in the design, development, manufacture, and sale of consumer product dispensing systems in North America, Europe, Asia, and South America. The company boosted quarterly distributions from 10 to 12 cents per share. This dividend achiever has regularly boosted distributions for 19 years in a row. Over the past 10 years, AptarGroup has managed to boost annual dividends by 22% per year. Yield: 1.70%

The Finish Line  (NASDAQ:FINL[18]), together with its subsidiaries, operates as a mall-based specialty retailer in the United States. The company boosted quarterly distributions from 6 to 7 cents per share. This dividend stock has regularly boosted distributions for 6 years in a row. Over the past 5 years, Finish Line has managed to boost annual dividends by 36.90% per year. Yield: 1.70%

Alliant Energy (NYSE:LNT[19]), a utility holding company, provides regulated electricity and natural gas services to residential, commercial, and industrial customers in the Midwest region of the United States. The company boosted quarterly distributions from 45 to 47 cents per share. This dividend achiever has regularly boosted distributions for 11 years in a row. Over the past 5 years, Alliant Energy Corporation has managed to boost annual dividends by 7.40% per year. Yield: 4.10%

Shaw Communications (NYSE:SJR[20]) provides broadband cable television, Internet, home phone, telecommunication, and satellite direct-to-home services in Canada and the United States. The company raised its annual dividends by 5%  to $1.02 per share for Class “B” shares. This translates into a monthly dividend of 8.50 Canadian cents. This international dividend achiever has regularly boosted its monthly distributions for 11 years in a row. Yield: 4.30%

The list was dominated by Master Limited Partnerships[21], and many of their general partners. The two companies that I plan to research further include Omega Healthcare Investors and Shaw Communications.

I am considering increasing my exposure to real estate, through REITs. In addition, I am also interested in increasing my exposure to technology companies with sustainable competitive advantages.

However, I am not going to diversify at all costs, as I thoroughly analyze each candidate before considering it worthy for inclusion in my portfolio.

Full Disclosure: Long KMI, EPD, KMR, OKS

 

Endnotes:
  1. dividend hikes: http://investorplace.com/2013/01/9-companies-increasing-dividends-6-blk-clb-ebtc-fdo-finl-wec/
  2. EPD: http://studio-5.financialcontent.com/investplace/quote?Symbol=EPD
  3. my analysis: http://www.dividendgrowthinvestor.com/2012/04/enterprise-products-partners-epd.html
  4. KMP: http://studio-5.financialcontent.com/investplace/quote?Symbol=KMP
  5. my analysis: http://www.dividendgrowthinvestor.com/2012/10/kinder-morgan-partners-kmp-for-high.html
  6. KMI: http://studio-5.financialcontent.com/investplace/quote?Symbol=KMI
  7. general partner: http://www.dividendgrowthinvestor.com/2009/05/general-vs-limited-partners-in-mlps.html
  8. OKE: http://studio-5.financialcontent.com/investplace/quote?Symbol=OKE
  9. my analysis: http://www.dividendgrowthinvestor.com/2010/12/oneok-inc-oke-dividend-stock-analysis.html
  10. OKS: http://studio-5.financialcontent.com/investplace/quote?Symbol=OKS
  11. NGLS: http://studio-5.financialcontent.com/investplace/quote?Symbol=NGLS
  12. GEL: http://studio-5.financialcontent.com/investplace/quote?Symbol=GEL
  13. WMB: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMB
  14. OHI: http://studio-5.financialcontent.com/investplace/quote?Symbol=OHI
  15. dividend achiever: http://www.dividendgrowthinvestor.com/2011/01/dividend-achievers-offer-income-growth.html
  16. WEC: http://studio-5.financialcontent.com/investplace/quote?Symbol=WEC
  17. ATR: http://studio-5.financialcontent.com/investplace/quote?Symbol=ATR
  18. FINL: http://studio-5.financialcontent.com/investplace/quote?Symbol=FINL
  19. LNT: http://studio-5.financialcontent.com/investplace/quote?Symbol=LNT
  20. SJR: http://studio-5.financialcontent.com/investplace/quote?Symbol=SJR
  21. Master Limited Partnerships: http://www.dividendgrowthinvestor.com/2009/03/master-limited-partnerships-mlps-island.html

Source URL: http://investorplace.com/2013/01/14-dividend-paying-machines-for-further-research-sjr-lnt-finl-art-wec-ohi/
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