It seems that ever so many years the market turns down and someone declares the death of
buy-and-hold. Some even go as far to say that Warren Buffett has lost his touch. With time on their side, the buy-and-hold investors and Mr. Buffett always seem to make a spectacular rebound. As long-term dividend investors our focus should be on acquiring fundamentally sound dividend growth stocks at a reasonable valuation and maintaining our asset allocation.
This week several companies provided their shareholders positive feedback with increased cash dividends:
ONEOK Partners, L.P. (
OKS) engages in the gathering, processing, storage, and transportation of natural gas in the United States. April 19th the company increased its quarterly distribution 4.1% to $0.635 per unit. The distribution is payable May 15, 2012, to unitholders of record as of April 30, 2012. The yield based on the new payout is 4.6%.
BreitBurn Energy Partners L.P. (
BBEP) engages in the acquisition, exploitation, and development of oil and gas properties in the United States. April 19th the partnership increased its distribution 1.1% to $0.455 per unit. The distribution is payable May 14, 2012 to the unit holders at the close of business on May 7, 2012. The yield based on the new payout is 10.1%.
Crosstex Energy, Inc. (
XTEX) engages in the gathering, transmission, processing, and marketing of natural gas, natural gas liquids (NGLs), and crude oil in the United States. April 19th the company increased its quarterly distribution 14% to $0.33 per unit. The distribution is payable May 15 to unitholders of record May 2. This amount is approximately a 14 percent increase over the first-quarter 2011 rate. The yield based on the new payout is 7.5%.
PPG Industries, Inc. (
PPG) manufactures and supplies protective and decorative coatings. The company offers coating products for automotive and commercial transport/fleet repair and refurbishing, specialty coatings. April 19th the ocomapny increased its quarterly dividend 3.5% to $0.59 per share.