18 New Names for the 2013 Dividend Achievers List

Updating companies with 10 years dividend increases

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18 New Names for the 2013 Dividend Achievers List

Financial

National Health Investors (NYSE:NHI), a real estate investment trust (REIT), invests in health care properties, primarily in the long-term care industry in the United States. The company yields 4.40%. Over the past decade, the company has managed to raise distributions by 5.70% per year.

Westwood Holdings (NYSE:WHG) manages investment assets and provides services for its clients. The company trades at 27.80 times earnings and yields 3.80%. Over the past decade, the company has managed to raise distributions by 54.10% per year.

Energy

Occidental Petroleum (NYSE:OXY) engages in the exploration and production of oil and gas properties in the United States and internationally. The company trades at 16.70 times earnings and yields 2.90%. Over the past decade, the company has managed to raise distributions by 15.30% per year.

Sunoco Logistics (NYSE:SXL) engages in the transport, terminalling, and storage of crude oil and refined products in the United States. The MLP yields 3.60%. Over the past decade, the company has managed to raise distributions by 16.90% per year.

Business Services

Rollins (NASDAQ:ROL), through its subsidiaries, provides pest and termite control services to residential and commercial customers worldwide. The company trades at 32.10 times earnings and yields 1.50%. Over the past decade, the company has managed to raise distributions by 23.30% per year.

There were several eye-popping ten year dividend growth rates in the new dividend achievers list. This is mostly because these companies are in the first stage of dividend growth, which is characterized by quick dividend acceleration from zero dividend levels. The rest of the companies include turnarounds which have managed to rebuild their long dividend histories, after cutting or freezing distributions. The most important catalyst behind future distributions growth however is whether companies have what it takes to grow earnings over time.

Another odd part on the dividend achievers index is that Lincoln Electric Holdings and York Water had raised dividends for more than 15 consecutive years. It looks as if the dividend achievers index is not as complete as the list of dividend contenders and champions, which has 304 individual companies.


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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