I need to finish this series off before it starts looking like the Super Bowl listings. Only 7 more stocks to cover so I should be able to get them done in a couple of posts. Here is the next bunch:
Star Bulk Carriers has been hard on dividend investors over the last year. After starting up operations in late 2007, Star Bulk paid a 35¢ per share dividend in the 1st two quarters of 2008. In the 3rd quarter the 36¢ dividend was half cash and half stock. By the 4th quarter they had suspended the dividend. Now for the 2nd quarter of 2009 the company has restarted distributions with a 5¢ payout.
Teekay CorporationTK has increased their dividend for each of the last 5 years. The amount of increase were 16% and 15% at the end of 2007 and 2008. Five years ago the company was paying 12.5¢ per quarter, now it is almost 32¢. Long term investors rejoice!
Teekay LNG Partners LPTGP has been steadily increasing the distribution since forming in 2005. The vessels are on 10 to 25 year contracts and cash flow is more than sufficient to cover the payout.
Teekay OffshoreTOO has been in business for 2.5 years and looks like another well-managed Teekay operation. Distributions have increased from 35¢ to 45¢ over the last 2 years. Unique niche of offshore drilling shuttle tanker should provide diversity from the regular tanker market.
Teekay Tankers Ltd.TNK has a flexible dividend policy based on the revenue of the fleet which is exposed to the fixed charter and spot tanker markets. Current spot tanker rates indicate the previous level of distributions will not be matched for a while. Do not look at the yield on this one! Make a decision on where you think tanker rates are going and what the company reports for the 2nd quarter.
I am about Teekay’d out, but there are some interesting options listed above. Only two dividend stocks left to review.
Quality of Dividends, Part VII
I need to finish this series off before it starts looking like the Super Bowl listings. Only 7 more stocks to cover so I should be able to get them done in a couple of posts. Here is the next bunch:
Star Bulk Carriers has been hard on dividend investors over the last year. After starting up operations in late 2007, Star Bulk paid a 35¢ per share dividend in the 1st two quarters of 2008. In the 3rd quarter the 36¢ dividend was half cash and half stock. By the 4th quarter they had suspended the dividend. Now for the 2nd quarter of 2009 the company has restarted distributions with a 5¢ payout.
Teekay Corporation TK has increased their dividend for each of the last 5 years. The amount of increase were 16% and 15% at the end of 2007 and 2008. Five years ago the company was paying 12.5¢ per quarter, now it is almost 32¢. Long term investors rejoice!
Teekay LNG Partners LP TGP has been steadily increasing the distribution since forming in 2005. The vessels are on 10 to 25 year contracts and cash flow is more than sufficient to cover the payout.
Teekay Offshore TOO has been in business for 2.5 years and looks like another well-managed Teekay operation. Distributions have increased from 35¢ to 45¢ over the last 2 years. Unique niche of offshore drilling shuttle tanker should provide diversity from the regular tanker market.
Teekay Tankers Ltd. TNK has a flexible dividend policy based on the revenue of the fleet which is exposed to the fixed charter and spot tanker markets. Current spot tanker rates indicate the previous level of distributions will not be matched for a while. Do not look at the yield on this one! Make a decision on where you think tanker rates are going and what the company reports for the 2nd quarter.
I am about Teekay’d out, but there are some interesting options listed above. Only two dividend stocks left to review.