4 Dividend Stocks Showing You the Money
Aug 22nd 2011 9:58AM
Updated Aug 22nd 2011 10:00AM
Dividend checks continue to get fatter in Corporate America, as more companies jack up their distribution rates. Let's take a closer look at some of the companies that inched their payouts higher this past week.
Let's start with ITC Holdings (NYS: ITC) . The country's largest independent electricity transmission company is juicing up its quarterly dividend by 5%, to $0.3525 a share. It may not seem like much of a move, but this is the sixth year in a row that ITC has sweetened its yield.
If you want to make ITC look like a slacker, pit it against Cincinnati Financial (NAS: CINF) . The insurance giant's move to boost its payout last week -- shaving pennies to go from $0.40 a share every three months to $0.4025 -- raises its streak of annual increases to a whopping 50 years.
MGE Energy (NAS: MGEE) is another dividend aristocrat, coming through with 36 years of meatier disbursements with last week's move. The Madison Gas and Electric parent's new quarterly rate is $0.3826 a share, a modest 2% improvement.
Finally we have Nordson (NAS: NDSN) on the move. The marker of "precision dispensing" equipment may have disappointed the market with lower-than-expected quarterly results, but at least it's returning more money to shareowners. Nordson's quarterly distributions are climbing 19%, to $0.125 a share.
Subscribers to the Motley Fool Income Investor newsletter can appreciate the companies sending more and more money to their investors. The newsletter singles out companies that are committed to growing their distributions with market-thumping results.
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At the time this article was published Motley Fool newsletter services have recommended buying shares of ITC Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.Longtime Fool contributor Rick Munarriz pays attention to yield signs. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early.
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