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Category: Oil & Gas
Dividend Stock News For May 20, 2010
Dividend Stock News For May 20, 2010

The Latest in the World of Dividend Investing

Dividend Stock News For May 20, 2010

About: Safeway (NYSE: SWY), Dominick's, Safeway, Vons, Ashland (NYSE: ASH), Ashland Chemical, Hercules Chemical, Dow Jones  U.S. Select Dividend Index, Zenith National Insurance (NYSE: ZNT), H.J. Heinz (NYSE: HNZ), Fairfax Financial (NSYE: FFH), GoldCorp (NYSE: GG), GoldCorp
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Dividend Stock News For May 20, 2010
Supermarket operator Safeway (NYSE: SWY) announced a payout increase dividend shoppers may want to take a look at. The California-based company said it will boost its quarterly dividend by 20% to 12 cents a share. Safeway operates stores under the Dominick's, Safeway and Vons names. The new dividend is payable on July 15th to shareholders of record on June 24th.

 
Dividend Stock News For May 20, 2010
Specialty chemicals maker Ashland (NYSE: ASH) doubled its quarterly dividend to 15 cents a share from 7.5 cents. Ashland has been diligent about bolstering its balance sheet through asset sales following the company's acquisition of rival Hercules and the lower debt burden appears to be directly benefiting shareholders.

 
Dividend Stock News For May 20, 2010
The Dow Jones  U.S. Select Dividend Index will replace Zenith National Insurance (NYSE: ZNT) with H.J. Heinz (NYSE: HNZ) because Zenith is being acquired by Fairfax Financial (NSYE: FFH). The change will take place on May 21st. The index tracks the 100 highest dividend-paying companies in the U.S.

 
Dividend Stock News For May 20, 2010
Canadian gold miner GoldCorp (NYSE: GG) said it will consider boosting its dividend in 2011 as production increases and rising gold prices are helping the company bolster its cash position. GoldCorp currently pays an annual dividend of 18 cents  a share.

 
Occidental Petroleum An Energy Dividend To Watch In 2010
Occidental Petroleum An Energy Dividend To Watch In 2010

An Energy Dividend To Watch In 2010

An Energy Dividend To Watch In 2010
About: Occidental Petroleum (NYSE: OXY), Occidental Petroleum, California-based Occidental, Occidental, Occidental's dividend, Citigroup's Phibro energy trading business Bookmark and Share

We read with interest a recent report in Barron's about the energy sector in 2010 that said investors may be well-suited to stick with oil companies rather than natural gas stocks in the new year. The cornerstone of the report was a bullish outlook for independent oil and gas explorer Occidental Petroleum (NYSE: OXY).

While California-based Occidental only yields 1.6%, the annual dividend is decent in dollar terms at $1.32 a share. In addition, the capital appreciation delivered by Occidental in 2009 is nothing to scoff at as the shares are up 40%.

Even with that big run, the Barron's report quotes a couple of analysts and fund managers that think most investors have woken up to the Occidental story and that when they do, the stock is poised for even more upside. We don't doubt that assessment for a minute.

As the Barron's piece noted, Occidental trades for just 14 times forward earnings compared to 17 times for its peer group. Occidental's balance sheet is also something to behold with an 8% long-term-debt-to-capital ratio, compared to 33% for rivals, the piece noted.

Occidental Petroleum An Energy Dividend To Watch In 2010

Those statistics are reasons to like Occidental, but one tidbit in the Barron's article that we found particularly noteworthy was an unidentified fund manager saying that Occidental's dividend could grow by 15%-20% in 2010.

Assuming a 20% dividend hike, that would take Occidental's dividend to just over $1.58 a share. Occidental has paid quarterly continuously dividends since 1975, a track record that we view as encouraging for investors.

Occidental does the bulk of its exploration in the U.S., but it does have some exposure to South America and the company was the only U.S. firm to win a bid as a junior partner in the recent round of Iraq oil field auctions.

Combine those factors with the company's shrewd acquisition of Citigroup's Phibro energy trading business and Occidental may in fact generate more than enough cash for a 2010 dividend hike.

 
Dividend News From The Week Ending April 9th
Dividend News From The Week Ending April 9th

Dividend Stock Breaking News for April 9th

Hott Topic (Nasdaq: HOTT), Tanger Factory Outlet Stores (NYSE: SKT), Monro Muffler Brake (Nasdaq: MNRO), sdex (NYSE: IEX), special dividend, annual dividend, quarterly dividend, dividend increase, Dividend Genius, dividend stock, stock dividend, dividend stocks, stock dividends

About: Hott Topic (Nasdaq: HOTT), Tanger Factory Outlet Stores (NYSE: SKT), Monro Muffler Brake (Nasdaq: MNRO), sdex (NYSE: IEX), special dividend, annual dividend, quarterly dividend, dividend increase, Dividend Genius, dividend stock, stock dividend, dividend stocks, stock dividends
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Hott Topic (Nasdaq: HOTT), Tanger Factory Outlet Stores (NYSE: SKT), Monro Muffler Brake (Nasdaq: MNRO), sdex (NYSE: IEX), special dividend, annual dividend, quarterly dividend, dividend increase, Dividend Genius, dividend stock, stock dividend, dividend stocks, stock dividends
Tanger Raises Dividend...Again

Tanger Factory Outlet Stores (NYSE: SKT), the real estate investment trust that operates factory outlet stores, boosted its annual dividend to $1.55 a share from $1.53. That makes 2010 the 17th consecutive year that Tanger has boosted its payout. When factoring in the new dividend, Tanger shares will yield over 3.5%.

Hott Topic (Nasdaq: HOTT), Tanger Factory Outlet Stores (NYSE: SKT), Monro Muffler Brake (Nasdaq: MNRO), sdex (NYSE: IEX), special dividend, annual dividend, quarterly dividend, dividend increase, Dividend Genius, dividend stock, stock dividend, dividend stocks, stock dividends

Monro Muffler Goes For Big Dividend Increase

Monro Muffler Brake (Nasdaq: MNRO), which operates almost 800 auto parts stores across the U.S., said its dividend for the June quarter (the start of fiscal 2011) will be 29% higher than what the company paid in fiscal 2010. The new quarterly payout will be 9 cents a share up from 7 cents.

Hott Topic (Nasdaq: HOTT), Tanger Factory Outlet Stores (NYSE: SKT), Monro Muffler Brake (Nasdaq: MNRO), sdex (NYSE: IEX), special dividend, annual dividend, quarterly dividend, dividend increase, Dividend Genius, dividend stock, stock dividend, dividend stocks, stock dividends

Idex Pumps Up Dividend

Idex (NYSE: IEX), the maker of industrial pumps, flow meters and engineering products, said it will raise its quarterly 25% to 15 cents a share from 12 cents. The new dividend will be payable on April 30th to shareholders of record on April 15th. This is the 62nd consecutive quarter the company has paid a dividend.

Hott Topic Announces Special DividendTeen retailer Hott Topic (Nasdaq: HOTT) said it will spend some of its $100 million war-chest on a special dividend that equals $1 a share. That dividend and a quarterly payout of 7 cents a share will be paid to shareholders of record on April 19th.