Wednesday, April 11, 2007

Top 10 Dividend Payers

Sourced this from "Dividend Money" from Yahoo! / Investors Business Daily.

I too join the Southern Copper Peru (PCU) fan club having dollar-cost-averaged this from $44 pre-split ($22) from the summer of 2005 for my investments account. The dividend paid has been variable but in general has been good. I am holding this without adding to the position. The new highs on lower volume is a concern and I am not interested in adding to this position unless it went back into the $30-40 range.

I hadn't considered the number 1 pick, General Maritime (GMR), but it is relatively new to the dividend game with a once off $15.62 payment to spike the yield return.

Although I don't own any my other favorite on the list was Tupperware (TUP). Not one for traders given its dull price action for nearly the last 10 years. But it is consistent $0.22 a quarter payer and if it makes it back into the teens it's decent value.

Just for the record, my other dollar-cost-averaging holdings include the erratic dividend payer Telecomunicacoes de Sao Paulo S.A. (TSP). I am non-contributing to this at this time, but two $1+ dividends for 2006 was surprising (usually its one $1+ and a c$0.25 payment)

My current accumulator is TrustCo Bank Corp (TRST). Its got an ugly chart if looking to pick a bottom (I'm not) although volume has picked up around $10 suggesting a capitulation of sorts. It increased its quarterly dividend from $0.15 to $0.16 in late 2005. $0.64 a year for a $9.48 stock is decent enough.

My dollar-cost-averaging account is hosted by Sogoinvest.