Corporate dividend growth that benefits rose last week was no exception:
Enterprise Products Partners LP (EPD) provides a wide range of services to producers and consumers of natural gas, liquefied natural gas (LNG), crude oil, refined products and petrochemicals in the continental United States, Canada and the Gulf of Mexico. This partnership Master Limited announced an increase of 1.30% in the quarterly dividend to 59 cents per share. This was an increase of 5.40% in the first quarter 2010 distribution. This increased dividend Achiever annual performance since its IPO in 1998. Yield: 5.50%
Plains All American Pipeline LP (PAA), through its subsidiaries, engages in the transportation, storage, transportation and marketing of crude oil, refined products and liquefied petroleum gas and natural gas from other liquefied petroleum gas (LPG) in the United States and Canada. This partnership Master Limited announced an increase of 0.80% in the quarterly dividend to 95.75 cents per unit. This was an increase of 3.20% in the first quarter 2010 distribution. This increased dividend benefits Achiever every year since it joined in 1999. Yield: 5.90%
Genesis Energy LP (GEL), with its offices in the middle segment of the oil and gas industry in the region along the Gulf Coast of the United States. The company has four divisions: pipeline, refinery, industrial and procurement and logistics. This partnership Master Limited announced an increase of 3.20% in the quarterly dividend to 40 cents per piece. There was also an increase of 11.10% compared to first quarter 2010 distribution. In addition, Genesis Energy has announced the elimination of the incentive distribution rights of the general partner. This MLP distributions for seven years running has increased. Yield: 5.90%
Shaw Communications Inc. (SJR), a diversified communications company, provides cable television, Internet, digital phone, broadband telecommunications and direct broadcast satellite (DBS) services, primarily in Canada and the United States. The company has a monthly dividend of 5% to 7.67 Canadian cents per share. Shaw Communications is a member of the International Index dividend performance and higher dividends for 9 consecutive years. Yield: 4.40%
Alliant Energy Corporation (LNT) operates in the utilities and gas to the United States. The company announced a 13% increase in quarterly dividend to 42.50 cents per share. It was the ninth consecutive year of dividend increases for Alliant Energy. Yield: 4.50%
CVS Caremark Corporation (CVS) works as a pharmacy company in the United States. It operates in two segments: Pharmacy Services and Pharmacy. The company announced a 43% increase in quarterly dividend to 12.50 cents per share. This was the dividend increase for the eight CVS Caremark. Yield: 1.40%
Most companies that profits rose last week, raising benefits for more than 5 years were high dividend yield as limited partnerships, utilities and telecommunications. Although high with the current yields, the growth rates of dividends are low. CVS is growing rapidly on the other hand, a low current efficiency, but the dividend. Like everything in life, a balanced approach to high-yield stocks with low dividend growth would be poor performance of stocks with dividend growth stocks with earnings growth to be modest and that investors diversify supply with a stream of income, dividend income is powerful enough for today, while a decent dividend growth over time.
Full Disclosure: ClubPennyStock.com owner or the employees doesn’t own any stock in these companies.