In a down-market when many people are
rushing to buy gold, I already have mine. No, not that kind, but something much better! A growing stream of dividend income from solid companies. While everyone else is panicked about their portfolio's decline, I see a downturn as an incredible buying opportunity. Below are several select companies that recently announced dividend increases:
- Illinois Tool Works (ITW) Boosts Dividend 11% to $0.31/Share
- Badger Meter (BMI) Increases Dividend 22% to $0.11/Share
- Nordic American Tanker Shipping (NAT) Raises Qtr. Dividend 36% to $1.60/Share
- Ritchie Bros. Auctioneers (RBA) Boosts Qtr. Dividend by 13% to $0.09/Share
- Quality Systems (QSII) Increases Qtr. Dividend 20% to $0.30/Share
- Dover (DOV) Raises Qtr. Dividend 25% to $0.25/Share
- ITT (ITT) Boosts Qtr. Dividend by 25% to $0.175/Share
After running these companies through my D4L-PreScreen.xls model, none of the companies above warranted additional consideration based on their NPV of MMA Differential. ITW was the closet with a NPV of MMA Differential of $3,642, well short of the $7,500 I require from a company that is an Achiever, but not an Aristrocrat.
Disclosure: No position in any of the aforementioned stocks.
(Photo: sanja gjenero)
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