Mid-Week Update Dividend Increases – REIT’s, Rockets & Refills
Here’s a quick Mid-Week update with info on all the dividend increases for June 12-14th. A 10 day streak of dividend increases continues onward today with two additional dividend announcements by Casey’s General Stores and Alexandria REIT.
You’ll find all of the dividend increases in the 2012 Year To Date Dividend Increases report – just click the link to see the Google Docs Spreadsheet with all the details.
Thursday, June 14th
Alexandria REIT (ticker: ARE) is a real estate investment trust (REIT), that engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. With a 4% increase in their quarterly dividend, the current yield is now 2.9%.
Casey’s General Stores (ticker: CASY) operates convenience stores under the Caseys General Store, HandiMart, and Just Diesel names in 11 Midwestern states, primarily Iowa, Missouri, and Illinois. CASY raised it’s dividend by 10% but only has a current yield of 1.24%.
Wednesday, June 13th
Colony Financial (ticker: CLNY) operates as a real estate finance and investment company that focuses primarily on acquiring, originating, and managing commercial mortgage loans, and other commercial real estate-related debt investments. CLNY announced a $.01/share raise in it’s quarterly dividend which now brings it’s yield up to over 8%.
Tuesday, June 12th
Rockwell Automation (ticker: ROK) provides industrial automation power, control, and information solutions, operating primarily in two segments, Architecture and Software, and Control Products and Solutions. Also raised it’s dividend by over 10% and now pays a quarterly dividend yielding just over 2.7%
As always when evaluating investment opportunities it’s important to keep in mind not only the fundamentals of the stock itself, but also how the holding entity (Limited Partnership,Royalty Trust, Master Limited Partnership, Business Development Company, Preferred Stock) may affect the way you report income on your annual tax return as well as the amount or percentage of tax you will be required to pay. Adding or taking new positions in any of these special entities to tax deferred / retirement accounts may also present additional issues.
Always remember to review the fundamentals of any company BEFORE you start investing – do not simply buy a stock based on the dividend payout. If you have further questions about any stock mentioned her you should first consult with your CPA or tax planner / adviser before making any investment decisions.