Please ensure Javascript is enabled for purposes of website accessibility

4 Dividend Stocks Showing You the Money

By Rick Munarriz - Apr 22, 2013 at 4:38PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

These companies pushed their yields higher last week.

Dividend checks continue to get fatter in Corporate America, as more companies jack up their distribution rates.

Readers of the Income Investor newsletter can certainly appreciate that kind of thinking. Let's take a closer look at some of the companies that inched their payouts higher these past few days.

We can start with CSX (CSX 0.00%).

The railroad giant found a way to split its tracks to return more money to its stakeholders in two different ways. Naturally, there was a dividend increase, and CSX's quarterly rate is chugging 7% higher to $0.15 a share. However, CSX also initiated a new share buyback plan where it plans to repurchase $1 billion of its shares over the next two years.

Huntington Bancshares (HBAN -0.69%) also beefed up those two paths to rewarding investors. The Ohio-based banker is jacking up its quarterly disbursements 25% to $0.05 a share. The board is also approving a new repurchase authorization of $227 million of common stock. Huntington's moves came despite net income clocking in slightly lower than during the same quarter a year earlier.

Kinder Morgan (KMI 0.05%) also keeps inching its distributions higher. The country's largest midstream oil and gas company will now be shelling out $0.38 a share every three months. This may be a marginal uptick from the $0.37 a share it paid out three months ago, but Kinder Morgan's payouts have risen 19% over the past year.

Of course, Kinder Morgan's move up was accompanied by a slight bump in the rate at Kinder Morgan Energy Partners (NYSE: KMP). Kinder Morgan owns the general partner of the limited partnership that specializes in pipeline transportation and energy storage. Kinder Morgan Energy Partners now yields 5.7%.

Finally we have Procter & Gamble (PG 0.06%) on the move. Consumers associate Procter & Gamble for its laundry list of consumer non-durables brands that includes Pampers diapers, Bounty paper towels, Duracell batteries, and Gillette shavers. However, investors warm up to Procter & Gamble for its consistent streak of hikes. The move last week to push its quarterly dividend 7% higher to $0.6015 makes it 57 consecutive years of payout increases for Procter & Gamble.

Checks and balances
Subscribers to the 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. A 30-day trial subscription will let you see if it's right for you.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

The Procter & Gamble Company Stock Quote
The Procter & Gamble Company
PG
$141.79 (0.06%) $0.09
CSX Corporation Stock Quote
CSX Corporation
CSX
$30.94 (0.00%) $0.00
Kinder Morgan, Inc. Stock Quote
Kinder Morgan, Inc.
KMI
$19.03 (0.05%) $0.01
Huntington Bancshares Incorporated Stock Quote
Huntington Bancshares Incorporated
HBAN
$13.02 (-0.69%) $0.09

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
330%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/21/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.