10-01-2013, 08:35 PM
(10-01-2013, 07:38 PM)cannew Wrote: I'm not american but the only ones I'd question are:
Apple - short dividend history. Not sure they can continue the growth they've had.
SO - didnt know this one
COP - no dividend increase in a long time
PSX - if this is Phillip it seem to have a short dividend history
The rest are a nice list of good dividend growth stocks. Hold those, add when value priced, re-invest the dividends, and DON'T SELL.
If you have a long investment time frame, I'd consider, if its an option for you, to transfer the shares to the companies (or agents) that offer both DRIP & Optional Share Purchase. That way you will eliminate all commissions and fees on additional purchases and get the max on div reinestments.
You'd have to check the companies policies as some may charge small fees, but some may also offer discounts on div reinvest.
AAPL does have a short dividend history but tons of cash, I see no reason they wont keep increasing it as long as people keep lining up for their Iphones and they come out with new products.
SO is a utility company.
COP increased their dividend last quarter. http://www.nasdaq.com/symbol/cop/dividend-history
The reason they did not increase it last year, they had the spin off of psx. They kept their dividend the same and you got the additional PSX dividend, so in my book that's as good as an increase.
PSX I got in the spin off from COP and haven't sold it yet since they have been raising the dividend nicely.
I actually hold some of my WMT in their drip program but prefer online brokers. I like being able to see everything in real time and they give me free dividend reinvestments.
Thanks for the comments!