Dividend Increases for Tuesday December 6, 2011

 

Daily Dividend Investor Update

 

To my loyal Daily Dividend Investor readers: Please note that I have migrated the site over to a managed server located at: www.dailydividendinvestor.com

 

I will continue to update this WordPress site with duplicate content for a few weeks,  but you may want to check in at my new hosted location for all the latest content. I am also using a better – easier to read theme that I hope you’ll enjoy. Thanks for reading and following along and don’t forget to LIKE our Facebook page!

 

Thanks!

 

Neil

Dividend Increases for Tuesday December 6, 2011

Five companies announced dividend increases today including a Real Estate Investment Trust (REIT) that increased it’s dividend by 150%!

While none of the yields of any of these companies breaks the 2% range, the fact that so many companies continued to increase their dividend this year is a sign of the business environment continuing to improve.

The Big Winner

SL Green Realty (ticker: SLG) New York City’s largest commercial landlord was the big winner today as it increased it’s dividend from $.40 to $1.00 annually. SL Green Realty pays out a quarterly dividend with the next payment on January  13, 2012 to shareholders of record on January 2, 2012.

Daily Dividend Increases

Also reporting increases today were two annual dividend payers, Balchem Corporation (ticker: BCPC) and Churchill Downs (ticker: CHDN) – both of these firms increased their dividend by 20% year over year.

Rounding out today’s dividend players was Gold Corp (ticker: GG) and J&J Snack Foods (ticker: JJSF) raising their dividends by 31% and 8.5% respectively. For more detailed information about today’s dividend increases please refer to the chart below.

Investment Considerations

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 shares of any of these special entities to tax deferred / retirement accounts may also present additional issues.

Remember to review all of the fundamentals of any company BEFORE 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 / advisor before making any investments.