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18 New Names for the 2013 Dividend Achievers List

Updating companies with 10 years dividend increases

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The dividend achievers index includes includes companies which have managed to boost distributions for at least ten consecutive years. Every year, the index is updated to account for companies which have just achieved a ten year streak of dividend growth, and to delete the companies which have either cut dividends or failed to increase them for over one year.

The Broad Dividend Achievers index includes 216 companies which have boosted distributions for more than ten consecutive years in a row. Since 1996, the Dividend Achievers index has managed to outperform the S&P 500 total returns.

DAA 18 New Names for the 2013 Dividend Achievers List

Source: Indxis

There is an exchange traded fund that tracks the Broad Dividend Achievers index (PFM). Since 2005, the annual distributions and net asset values at year end are as follows:

DIVACH 18 New Names for the 2013 Dividend Achievers List

The following companies have been added in 2013, arranged by sector:

Utilities

AGL Resources (NYSE:GAS), an energy services holding company, distributes natural gas to residential, commercial, industrial, and governmental customers in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company trades at 19 times earnings and yields 4.30%. Over the past decade, the company has managed to raise distributions by 5.50% per year.

ONEOK, Inc. (NYSE:OKE) operates as a diversified energy company in the United States. The company trades at 27.60 times earnings and yields 3.10%. Over the past decade, the company has managed to raise distributions by 15.10% per year. Check my analysis of Oneok.

York Water (NASDAQ:YORW) engages in impounding, purifying, and distributing drinking water in Pennsylvania. York Water, which is the oldest investor owned utility in the nation, has paid dividends for 197 consecutive years beginning in 1816. Dividends can be reinvested automatically at a 5% discount, in the company’s DRIP plan. The company trades at 25.90 times earnings and yields 3%. Over the past decade, the company has managed to raise distributions by 4.40% per year.

Avista (NYSE:AVA), an energy company, engages in the generation, transmission, and distribution of energy; and other energy-related businesses primarily in the United States and Canada. The company trades at 21.90 times earnings and yields 4.40%. Over the past decade, the company has managed to raise distributions by 9.20% per year.

Consumer Discretionary

Cracker Barrel (NASDAQ:CBRL) develops and operates the Cracker Barrel Old Country Store restaurant and retail concept in the United States. The company trades at 17.70 times earnings and yields 2.50%. Over the past decade, the company has managed to raise distributions by 52.90% per year.

Andersons (NASDAQ:ANDE) engages in the grain, ethanol, plant nutrient, rail car leasing, turf and cob products, and consumer retailing businesses. The company trades at 13 times earnings and yields 1.20%. Over the past decade, the company has managed to raise distributions by 16.50% per year.

Tiffany (NYSE:TIF), through its subsidiaries, engages in the design, manufacture, and retail of fine jewelry worldwide. The company trades at 23.20 times earnings and yields 1.80%. Over the past decade, the company has managed to raise distributions by 22.50% per year.

Materials

International Flavors & Fragrances (NYSE:IFF), together with its subsidiaries, creates, manufactures, and supplies flavor and fragrance products worldwide. The company used to be on the dividend aristocrats list, until cutting distributions in the year 2000. The company trades at 25.20 times earnings and yields 1.80%. Over the past decade, the company has managed to raise distributions by 7.80% per year.

Alliance Resource Partners (NASDAQ:ARLP) engages in the production and marketing of coal primarily to utilities and industrial users in the United States. The company trades at 11.30 times earnings and yields 6.50%. Over the past decade, the company has managed to raise distributions by 15.30% per year.

Industrials

Lindsay (NYSE:LNN) designs, manufactures, and sells irrigation systems that are primarily used in the agricultural industry to increase or stabilize crop production while conserving water, energy, and labor in the United States and internationally. The company trades at 16.10 times earnings and yields 0.60%. Over the past decade, the company has managed to raise distributions by 11.30% per year.

Lincoln Electric Holdings (NASDAQ:LECO), through its subsidiaries, engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. The company trades at 17.30 times earnings and yields 1.50%. Over the past decade, the company has managed to raise distributions by 8.50% per year.

Lockheed Martin (NYSE:LMT), a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products for defense, civil, and commercial applications in the United States and internationally. The company trades at 11.80 times earnings and yields 4.60%. Over the past decade, the company has managed to raise distributions by 24.70% per year. Check my analysis of Lockheed Martin.

Technology

Maxim Integrated Products (NASDAQ:MXIM) engages in designing, developing, manufacturing, and marketing various linear and mixed-signal integrated circuits worldwide. The company trades at 25.60 times earnings and yields 3.10%. Over the past decade, the company has managed to raise distributions by 46.60%% per year.


Article printed from InvestorPlace Media, http://investorplace.com/2013/05/18-new-names-for-the-2013-dividend-achievers-list-gas-lmt-rol-oke-yorw/.

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