Tuesday, January 16th, 2007 |
Greetings,
One of my readers has recently suggested that I should include more personal information on this site. He said that he would be more interested in my personal investments and that I should update everyone on how I am doing from time to time. I have no problem doing that and if more people would like me include more personal information, that would be great!
That said, one of my goals for 2007 is to make Dividend Money the best site that it can be. The best way I can think of to do that is to ask you what you would like to see on Dividend Money!
Please tell me how I can improve this site. I would love to hear all of your comments and feedback. What do you like about Dividend Money? What don’t you like? Would you like more charts? More pictures? A Forum? Let me know!
Feel free to contact me at tyler(at)dividendmoney(dot)com or leave any suggestions in the comments section at the bottom of the post.
I am open to any suggestions and I want to make Dividend Money your favorite financial site this year!Â
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Saturday, January 13th, 2007 |
It is always reassuring to me as a Dividend Growth Investor to see the strategy I use highlighted by analysts and financial planners in major news publications.
I recently found this article in the Globe and Mail and thought it would be beneficial for you to read the high points outlined below.
Dividend stocks will appeal to investors not so much for yield but for the total return they provided through a combination of cash distributions and price appreciation. Consider the bank stocks that Mr. Marshall is looking at, RBC and TD. Both yield a bit less than 3 per cent right now, but their total returns for the past 12 months are about 22 and 15 per cent, respectively, because their shares have risen.
There are hundreds of blue-chip dividend-paying stocks listed on the Toronto Stock Exchange as well as U.S. and global exchanges. How do you find the best of them? The Calgary-based investment dealer McLean & Partners Wealth Management emphasizes not the yield of a company’s dividend, but rather the company’s track record for increasing its cash payouts to shareholders.
A high dividend yield — say anything about 5 per cent or more — suggests investors have a cautious view toward a company (as the price of a stock falls, its dividend yield rises). But dividend growth sends a message that a company is strong and healthy. “It says a company will be around through thick and thin, and that it will outperform over the long term,†said Ric Palombi, a portfolio manager at McLean & Partners.
Mr. Palombi said his firm looks for companies that have increased their dividends by more than 8 per cent every year. “Owning a stock that increases its dividend by 8 per cent a year is like getting an 8-per-cent raise every year,†Mr. Palombi said.
The major banks are classic dividend growth stocks. RBC, for example, has raised its dividend 14 times this decade, from 12 cents to the current 40 cents a quarter. If you paid the going market rate of about $15.50 for RBC shares in January, 2000 (this price is adjusted for stock splits), then your current yield would be just over 10 per cent.
Three dividend growth stocks that McLean & Partners likes right now are Astral Media Inc., Manulife Financial Corp. and Power Financial Corp., all of which have posted double-digit increases in their dividends over the past few years. The firm also likes global dividend stocks, including French company Veolia Environnement.
If you prefer to buy mutual funds rather than individual stocks, there is a small but growing number of funds that focus on dividend growth stocks. This week, Investors Group introduced Canadian, U.S. and European funds in this category. Another fund in this group is Franklin Templeton U.S. Rising Dividend.
This is great advice from a respected writer and publication. I hope that you heed this advice in your long-term investment strategy as well. Have a great weekend!
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Sunday, January 7th, 2007 |
Here at Dividend Money, we have not talked a lot about Real Estate Investment Trusts and I thought it was about time to throw together a short post.
My favorite REIT is by far Washington Real Estate Investment Trust (WRE) which is a diversified trust that invests in different kinds of real estate in the Washington D.C region. Other than that I prefer commecial real estate trusts to residential trusts, simply because of the general quality of the lease terms are more favorable to the landlord versus the tenant.
There are several types of commercial REITs, including those that invest in office buildings, those that are retail oriented including shopping centers, and the industrial REITs, which can include warehouse, manufacturing, and mini-storage properties. There are also diversified REITs which invest in any or all of the above in addition to apartment buildings. Of course, one of the prime features of investing in commercial REITs is the high yield. The following is a list of commercial REITs with yields above five percent:
Pres Rlty Cp Cl B (PDL-B) 9.1% [Diversified]
Resource Cap Corp (RSO) 9.0% [Diversified]
Newkirk Realty Trust (NKT) 8.9% [Diversified]
Newcastle Inv Cp (NCT) 8.8% [Diversified]
RAIT Financial Trust (RAS) 8.7% [Diversified]
Northstar Rlty Fin (NRF) 8.2% [Diversified]
PMC Commercial SBI (PCC) 8.0% [Office]
Trustreet Prop Inc (TSY) 7.8% [Retail]
Arbor Realty Tr (ABR) 7.7% [Diversified]
Crescent Rl Est Eqty (CEI) 7.6% [Diversified]
Feldman Mall Prop (FMP) 7.4% [Retail]
Gramercy Cap Corp (GKK) 7.3% [Diversified]
Glimcher Raelty Trst (GRT) 7.2% [Retail]
Monmouth Real Inv (MNRTA) 7.1% [Industrial]
Republic Property Tr (RPB) 7.1% [Office]
Capital Lease Fnding (LSE) 6.9% [Office]
HRPT Properties (HRP) 6.8% [Office]
American Fin Rlty Tr (AFR) 6.6% [Diversified]
Lexington Cp Pty Tr (LXP) 6.5% [Diversified]
Ashford Hosp Tr Inc (AHT) 6.4% [Diversified]
First Ind Rlty Inc (FR) 6.1% [Industrial]
Capital Trust Sbi (CT) 6.0% [Diversified]
Franklin St Prop (FSP) 5.9% [Diversified]
Getty Rlty Hldg Co (GTY) 5.9% [Retail]
Colonial Property Tr (CLP) 5.8% [Diversified]
National Retail Prop (NNN) 5.8% [Retail]
Penn Real Estate Tr (PEI) 5.8% [Retail]
Cedar Shop New (CDR) 5.7% [Diversified]
One Liberty Prop (OLP) 5.7% [Diversified]
Pitts W Virginia RR (PW) 5.7% [Diversified]
Agree Realty Cp (ADC) 5.6% [Retail]
U-Store-It Trust (YSI) 5.6% [Retail]
Realty Income Cp (O) 5.5% [Retail]
Brandywine Realty Tr (BDN) 5.3% [Office]
Inland Real Estate (IRC) 5.1% [Retail]
Parkway Prop Inc. (PKY) 5.1% [Office]
Mack-Cali Realty Cp (CLI) 5.0% [Office]
Extra Space Storage (EXR) 5.0% [Industrial]
Liberty Properties (LRY) 5.0% [Office]
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Thursday, December 21st, 2006 |
ProLogis makes it official!
DENVER, Dec. 21 /PRNewswire-FirstCall/ — ProLogis (NYSE: PLD), the world’s largest owner, manager and developer of distribution facilities, announced today that its Board set a new annualized dividend level for 2007 of $1.84 per common share, or $0.46 per quarter. This represents a 15% increase over 2006. The company has increased its dividend every year since becoming publicly traded in 1994.
   Jeff Schwartz, ProLogis chief executive officer, commented: “The growth in our dividend reflects the continued strength of global demand for industrial space and our confidence in the company’s ability to capitalize on opportunities in the market. These factors continue to allow us to generate significant earnings and dividend growth.”
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