Monday, June 20, 2016

3 High-Yield Dividend Achievers With 25 Years of Increases

While the S&P 500 Dividend Aristocrats may be the most recognized list of dividend stocks, it is certainty not the largest. Since the Dividend Aristocrats list is limited to only stocks included in the S&P 500 Index, many smaller stocks are excluded. To expand the population of potential investments, many investors look at the dividend growth stocks included in Broad Dividend Achievers™ list.

The Broad Dividend Achievers™ Index is comprised of companies incorporated in the United States or its territories, trade on the NYSE, NASDAQ or AMEX, and have increased their annual regular dividend payments for the last ten or more consecutive years.

In addition, the stock's average daily cash volume must exceed $500,000 per day in the November and December prior to the annual reconstitution date on the last trading date in January. The index is calculated using a modified market capitalization weighting methodology and has been published by the American Stock Exchange under the ticker symbol DAA since December 5, 2003.

This week week, I screened my dividend growth stocks database for Dividend Achievers with a yield greater than 4.5% and have increased their dividends for at least 25 consecutive years. I excluded companies that were Dividend Aristocrats. The results are presented below:

Helmerich & Payne, Inc. (HP) is the holding company for Helmerich & Payne International Drilling Company, an international drilling contractor. The company has paid a cash dividend to shareholders every year since 1959 and has increased its dividend payments for 28 consecutive years. Yield: 4.7%

Universal Health Realty Income Trust (UHT) is a real estate investment trust (REIT) that invests in healthcare and human service related facilities. The company has paid a cash dividend to shareholders every year since 1987 and has increased its dividend payments for 30 consecutive years. Yield: 4.7%

Mercury General Corp. (MCY), operating primarily in California, writes a full line of automobile coverage for all classifications of risk. The company has paid a cash dividend to shareholders every year since 1986 and has increased its dividend payments for 29 consecutive years. Yield: 4.7%

As with past screens, the data presented above is in its raw form. Some of the the companies would be disqualified for poor dividend fundamentals. However some of the others may be worth additional due diligence.

My database, D4L-Data, is an Open Office spreadsheet containing more than 20 columns of information on the 250+ companies that I track. The data is sortable and has built-in buttons and macros to make it easy to use. Companies included in the list are those that have had a history of dividend growth. The D4L-Data spreadsheet is a part of D4L-Premium Services and is updated each Saturday for subscribers.

Full Disclosure: Long UHT in my Dividend Growth Portfolio and long MCY in my High-Yield Portfolio. See a list of all my Dividend Growth Portfolio holdings here.

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