12 Stocks Paying Increased Dividends: Investment Idea of the Day

Published:

Ubika Research has shortlisted twelve dividend paying stocks which have a strong track record of paying increased annual dividends every year for the last three years. These stocks have high payout ratio and offer attractive dividend yields. Moreover, these stocks have registered strong growth in earnings during 2013. We note that during the past three months, majority of these stocks have accumulated gains with average daily traded volume in excess of 100,000 shares.

Company Name

Exchange

Ticker

Industry

Market Cap
(Bn)

Last Price

Average Volume
(3-Month)

Price Change
(3-Month)

EPS Growth
(2013)

DPS
(2011)

DPS
(2012)

DPS
(2013)

Payout Ratio
(2013)

Dividend Yield
(2013)

Triangle Capital Corp

NYSE

TCAP

Financial

0.7

26.25

217,045

-4.3%

30.7%

1.77

2.02

2.16

73.3%

7.8%

Home Loan Servicing Solutions Ltd

NASDAQ

HLSS

Financial

1.5

21.77

736,495

-4.3%

27.6%

1.45

1.70

85.4%

7.4%

Golar LNG Partners LP

NASDAQ

GMLP

Industrial

1.9

30.52

205,205

0.9%

20.5%

0.73

1.78

2.05

81.9%

6.8%

Hercules Technology Growth Capital Inc

NYSE

HTGC

Financial

0.9

14.56

641,343

-10.3%

79.6%

0.88

0.96

1.11

65.7%

6.8%

Enbridge Income Fund Holdings Inc

TSX

ENF

Utilities

1.5

26.39

105,743

10.1%

19.6%

1.17

1.24

1.34

76.0%

5.7%

Anixter International Inc

NYSE

AXE

Communications

3.2

99.81

329,435

11.4%

62.5%

4.50

5.00

83.1%

5.6%

Seaspan Corp

NYSE

SSW

Industrial

2.0

21.93

202,014

-3.3%

300.0%

0.69

0.94

1.19

34.8%

5.2%

Empire District Electric Co

NYSE

EDE

Utilities

1.0

24.12

197,660

8.6%

12.1%

0.64

1.00

1.01

68.1%

4.4%

Avista Corp

NYSE

AVA

Utilities

1.8

30.60

347,073

9.4%

40.2%

1.10

1.16

1.22

66.0%

4.3%

Thor Industries Inc

NYSE

THO

Consumer Goods

3.4

63.04

394,600

14.7%

38.2%

0.40

0.60

2.22

77.6%

4.1%

Progressive Waste Solutions Ltd

TSX

BIN

Industrial

3.2

28.07

291,480

8.2%

25.9%

0.50

0.56

0.59

54.0%

2.4%

Ritchie Bros Auctioneers Inc

TSX

RBA

Industrial

2.9

27.19

270,487

9.4%

17.3%

0.44

0.47

0.51

57.5%

2.2%

Source: Bloomberg
DPS: Dividend per Share
Market cap & Last price are in their respective currencies

Company Description:

Triangle Capital Corp (NYSE: TCAP)
Triangle Capital Corporation is a finance company that provides financing solutions to lower middle market companies located throughout the United States, with an emphasis on the Southeast. The company invests primarily in senior subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests.

Home Loan Servicing Solutions Ltd (NASDAQ: HLSS)
Home Loan Servicing Solutions Ltd. acquires mortgage servicing assets. The company invests primarily in sub-prime and Alt-A mortgage servicing rights and associated servicing advances, and hires residential loan servicers to service the pools of mortgage loans underlying the mortgage servicing rights.

Golar LNG Partners LP (NASDAQ: GMLP)
Golar LNG Partners LP owns and leases ships. The company owns floating storage and re-gasification units and liquefied natural gas carriers. Golar LNG leases out its ships on long-term charters.

Hercules Technology Growth Capital Inc (NYSE: HTGC)
Hercules Technology Growth Capital, Inc. provides debt and equity growth capital to technology-related companies. The company primarily finances privately-held companies through structured mezzanine debt, senior debt and equity investments. Hercules operates as a business development company under the Investment Company Act of 1940.

Enbridge Income Fund Holdings Inc (TSX: ENF)
Enbridge Income Fund Holdings Inc. operates as a holding company. The company, through its Fund entity, invests in a diversified portfolio of energy infrastructure assets in Canada.

Anixter International Inc (NYSE: AXE)
Anixter International Inc. distributes communications and specialty wire and cable products. The company distributes wiring systems for voice, data, and video networks and electrical power applications in North America, Europe, Asia, and Latin America.

Seaspan Corp (NYSE: SSW)
Seaspan Corp. operates a fleet of containerships. The company’s ships are chartered to customers on a long-term fixed-rate basis.

Empire District Electric Co (NYSE: EDE)
The Empire District Electric Company generates purchases, transmits, distributes, and sells electricity. The company supplies electricity to parts of Missouri, Kansas, Oklahoma, and Arkansas. Empire also provides water service to several towns in Missouri.

Avista Corp (NYSE: AVA)
Avista Corporation is an energy company that delivers products and solutions to business and residential customers throughout North America. The company, through Avista Utilities, generates, transmits, and distributes electric and natural gas. Avista’s other businesses include Avista Advantage and Avista Energy.

Thor Industries Inc (NYSE: THO)
Thor Industries, Inc. produces and sells a wide range of recreation vehicles, as well as small and mid-size buses. The company markets its products through independent dealers located throughout the United States and Canada. Thor’s products are sold under the Airstream Classic, Dutchmen, Skamper, Infinity, Four Winds, Citation, Signature, and other names.

Progressive Waste Solutions Ltd (TSX: BIN)
Progressive Waste Solutions Ltd. provides non-hazardous solid waste collection and landfill disposal services for commercial, industrial and residential customers in British Columbia, Alberta, Manitoba, Ontario and Quebec. The company also serves customers in the southern and northeastern regions of the United States.

Ritchie Bros Auctioneers Inc (TSX: RBA)
Ritchie Bros. Auctioneers Incorporated auctions industrial equipment, operating through various locations around the world. The company sells, through unreserved public auctions, used and unused industrial equipment, including equipment used in the construction, transportation, mining, forestry, petroleum, and agricultural industries.

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