08-06-2013, 07:09 AM
If you have decades to go I'd be searching for dividend growth because it more of a what can you do for me in the future than what can you do for me now situation. I think people get entirely too hung up on yield, especially younger guys with time on their side.
KMI has a 4.2% yield and last raise was 12.5%, CAT, WAG, PM, WEC, LMT, CVX all with double digit raises.
CAT is interesting, decent 2.9% yield, good dividend growth, somewhat volatile though. But I just have to figure a position somewhere in the low-mid $80's will make me happy in the future.
PSX is also interesting. I got my shares from the spinoff and added more shortly after at $31, and again last spring at $60 when it pulled back from $70. They raised the dividend from $0.80>>$1.00>>$1.25 in less than a year, hopefully get another raise around the first of the year. PSX has been up and down the last few months but seems to get good support in the mid $50's. I thought of selling it when it hit $66 a couple months ago and moving to a higher yield but I couldn't find enough reason to justify the trade. We'll see.
DRI yields 4.4% and has doubled their dividend in 3 years. I'm not sure why but I'm a little leery of it.
KMI has a 4.2% yield and last raise was 12.5%, CAT, WAG, PM, WEC, LMT, CVX all with double digit raises.
CAT is interesting, decent 2.9% yield, good dividend growth, somewhat volatile though. But I just have to figure a position somewhere in the low-mid $80's will make me happy in the future.
PSX is also interesting. I got my shares from the spinoff and added more shortly after at $31, and again last spring at $60 when it pulled back from $70. They raised the dividend from $0.80>>$1.00>>$1.25 in less than a year, hopefully get another raise around the first of the year. PSX has been up and down the last few months but seems to get good support in the mid $50's. I thought of selling it when it hit $66 a couple months ago and moving to a higher yield but I couldn't find enough reason to justify the trade. We'll see.
DRI yields 4.4% and has doubled their dividend in 3 years. I'm not sure why but I'm a little leery of it.