 |
| Add caption |
Income investors should always have a wish list of stocks
they want to buy. I use the universe of
stocks I already have identified as dividend machines to start my search.
In this post, I perused my 2011 dividend
machines list to come up with a list of stocks that I may want to add to the
income producing portion of my portfolio.
Should
you buy 2011 Dividend Machines?
You should not buy all the 2011 dividend machines
today. For instance, Pitney Bowes,
symbol PBI, currently pays over a five percent dividend but it no longer
qualifies as a dividend machine because it has added a huge amount of debt and
it cut the dividend in half. AT&T,
symbol T, no longer earns more than it pays out in dividends so it too is no
longer a dividend machine although their greater than five percent yield might
tempt you.
You should consider buying those stocks that are
still dividend machines. This means the
stock pays a dividend of at least three percent, the company earns more than it
pays out, the dividend has increased every year for at least five years and the
company’s debt to equity ratio is one or less or equal to the industry
standard.
Eleven
stocks to consider buying for income now!
I found eleven stocks that I will consider adding to
my income portfolio. Since I am always
concerned about my income going up over time, I will look for the stock that
has increased the dividend the most over time.
All eleven companies have stock prices that are at least ten percent
less than their fifty-two week high.
Review the data in the table below. Do your own research, and then make your
trade.
Symbol
|
2003 Qtr Div/shr
|
2013 Qtr Div/shr
|
% Div Inc.
|
High stock price
|
Current stock Price
|
Percent Change
|
ATO
|
0.3
|
0.35
|
17%
|
45.12
|
40.74
|
10%
|
BCE
|
0.2
|
0.5825
|
191%
|
48.06
|
43.05
|
10%
|
DUK
|
0.275
|
0.765
|
178%
|
75.47
|
66.59
|
12%
|
ED
|
0.56
|
0.615
|
10%
|
65.98
|
56.77
|
14%
|
ESP
|
0.075
|
0.25
|
233%
|
31
|
25.25
|
19%
|
HAS
|
0.06
|
0.4
|
567%
|
48.97
|
43.81
|
11%
|
INTC
|
0.02
|
0.225
|
1025%
|
27.75
|
24.46
|
12%
|
NHI
|
0.4
|
0.695
|
74%
|
72.99
|
59.62
|
18%
|
SCG
|
0.345
|
0.5075
|
47%
|
54.41
|
48.57
|
11%
|
SO
|
0.5075
|
1.22
|
140%
|
48.74
|
43.92
|
10%
|
TU
|
0.15
|
0.3295
|
120%
|
37.48
|
32.98
|
12%
|
TheMoneyMadam
