10 Dividend Stocks Sharing the Fruits of Increased Dividends
Just as picking fruit from a mango tree does not harm it, living off dividends does not damage the investment's ability to produce future results. A mango tree's life will easily span an entire generation. Similarly, well-chosen dividend investments will not only provide income in retirement, but can be passed to your children who can continue to reap the benefits.
Below are several select companies that recently decided to reward their shareholders with fruits of their labor in the form of increased cash dividends:
Genesis Energy, L.P. (GEL) operates in the midstream segment of the oil and gas industry in the Gulf Coast. July 13th the company increased its quarterly distribution 10.7% to $0.415 per unit. The distribution is payable on August 12, 2011, to unitholders of record at the close of business on August 5, 2011. The yield based on the new payout is 6.1%.
Pope Resources (POPE), a Delaware Limited Partnership, engages in the management of timber resources. July 13th the company increased its distribution 40% to $0.35 per usit. The distribution is effective for unitholders of record on July 29, 2011 and payable on August 15, 2011. The yield based on the new payout is 2.9%.
Plains All American Pipeline, L.P. (PAA) engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products. July 11th the company increased its quarterly distribution 4.2% to $0.9825 per unit. The distribution will be payable on August 12, 2011, to holders of record of such units at the close of business on August 2, 2011. The yield based on the new payout is 6.1%.
Gladstone Investment Corporation (GAIN) specializes in buyouts and recapitalizations. It seeks to make debt and equity investments in small and mid-sized private businesses. July 12th the company increased its monthly dividend 11% to $0.05 per share. The yield based on the new payout is 8.0%.
Walgreen Co. (WBA) engages in the operation of a chain of drugstores in the United States. July 13th the company increased its quarterly dividend 28.6% to $0.225 per share. he dividend is payable Sept. 12, 2011, to shareholders of record Aug. 19, 2011. The yield based on the new payout is 2.1%.... Read more