Wednesday, June 12, 2013

DIVIDENDS Eleven stocks to buy now.

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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

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