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This Stock Is Flying High With Another Dividend Increase

 December 26, 2012 09:21 AM
 


In March 1910, William bought Heath's shipyard in Washington State on the Duwamish River. This later became his first factory. The company was incorporated on July 15, 1916, as "Pacific Aero Products Co." William studied at Yale University and worked initially in the timber industry, where he became wealthy and acquired knowledge about wooden structures. This knowledge would prove invaluable in his subsequent business. The company stayed in Washington to take advantage of the local supply of spruce wood.

William bought a Glenn Martin "Flying Birdcage" seaplane and was taught to fly by Glenn Martin himself. William soon crashed the plane and when Martin informed William that replacement parts would not become available for months, William realized he could build his own plane in that amount of time.

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He and his friend Cdr. G.C. Westervelt, a U.S. Navy engineer, agreed to build a better airplane and soon produced the B&W Seaplane. This first airplane was assembled in a lakeside hangar located on the northeast shore of Seattle's Lake Union. Many of company's early planes were seaplanes. William founded his company a few months after the June 15 maiden flight of one of the two "B&W" seaplanes. The company moved its corporate headquarters from to Chicago, Illinois, in 2001.

Today this company is among the largest global aircraft manufacturers, and the third largest aerospace and defense contractor in the world based on defense-related revenue. The company is the largest exporter by value in the U.S., has annual revenues in excess of $68 billion and employs more than 170,000 people worldwide. Who is this company? It is...

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The Boeing Company (BA)

The company engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems. December 17th the company increased its quarterly dividend 10% to $0.485 cents per share. The dividend is payable March 8, 2013, to shareholders of record as of Feb. 15, 2013. The yield based on the new payout is 2.6%.

Below are several other companies that have recently increased their cash dividends to shareholders:

Edison International (EIX) engages in the generation and distribution of electric power. December 20th the company increased its quarterly dividend 3.8% to $0.3375 per share. The dividend is payable January 31, 2013, to shareholders of record on December 31, 2012. The yield based on the new payout is 2.9%.

Realty Income Corporation (O) engages in the acquisition and ownership of commercial retail real estate properties in the United States. December 19th the company increased its monthly dividend 0.2% to $0.15175 per share. The dividend is payable January 15, 2013 to shareholders of record as of January 2, 2013. The yield based on the new payout is 4.5%.

Nu Skin Enterprises, Inc. (NUS) develops and distributes anti-aging personal care products and nutritional supplements worldwide. December 18th the company increased its quarterly dividend 50% to $0.30 per share. With this planned increase, the company will have increased dividends for each of the 12 consecutive years since it instituted the payment of dividends to stockholders. The yield based on the new payout is 2.6%.

Dominion Resources, Inc. (D) engages in producing and transporting energy in the United States. December 18th the company increased its quarterly dividend 6.6% to $0.5625 per share. The dividend is payable in March 2013. The yield based on the new payout is 4.3%.

Pfizer Inc. (PFE), a biopharmaceutical company, engages in the discovery, development, manufacture, and sale of medicines for people and animals worldwide. December 17th the company increased its quarterly dividend 9% to $0.24 per share. The dividend is payable March 5, 2013, to shareholders of record at the close of business on February 1, 2013. The yield based on the new payout is 3.8%.

AXIS Capital Holdings Limited (AXS) provides various insurance and reinsurance products to insureds and reinsureds worldwide. December 17th the company increased its quarterly dividend 4% to $0.25 per share. The dividend is payable January 15, 2013 to the shareholders of record at the close of business on December 31, 2012. The yield based on the new payout is 2.9%.

General Electric Company (GE) operates as a technology and financial services company worldwide. December 14th the company increased its quarterly dividend 12% to $0.19 a share. The dividend is payable Jan. 25 to shareholders of record on Dec. 24. The yield based on the new payout is 3.5%.

RLJ Lodging Trust (RLJ) is an independent equity real estate investment trust. The firm also manages real estate funds. December 14th the company increased its quarterly dividend 24% to $0.205 per share. The dividend is payable January 15, 2013, to shareholders of record as of December 31, 2012. The yield based on the new payout is 4.3%.

Selecting stocks with increasing dividends is critical for an income growth strategy. The above list contains stocks that recently raised their dividends; it is not a list of recommend buys. As always, due diligence should be performed before buying or selling any stock. For a list of stocks with a long string of consecutive cash dividend increases, see this list.

Full Disclosure: No position in the aforementioned stocks. See a list of all my dividend growth holdings here.

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