7 Safest Dividend Paying Stocks – (VOD, TEVA, SPAN, SJI, SFG, PRSP, NWFL)

  on Aug 16,2012 Posted in Dividend Ideas ,Investment Ideas
 
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Do you know who is the one to decide about the dividend policy? The Finance Manager performs this task very carefully. A wrong dividend policy can cause the company to face financial problems and an unbalanced capital structure. The growth of the company may weaken if adequate funds are not available to implement growth programs.

The dividend policy needs to be formulated in such a way, which coincides with the ultimate objective of the finance function of maximizing the wealth of shareholders and value of the firm. Research finds that most investors use a company’s dividend information to evaluate its performance. This article discusses 9 companies that have been raising their dividend since 2000.

Vodafone Group Plc (ADR) (NASDAQ:VOD) annual dividend yield stands at 5.01% and maintains a dividend payout ratio of 96.98%. The stock has a dividend of $1.48 annually. VOD shares traded in the range of $24.31 – $30.07 in the last 52 weeks. VOD Company provides mobile telecommunication services worldwide.

Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) pays a dividend of $0.99 annually. The company has an annual dividend yield of 2.44% and has a dividend payout ratio at 28.38%. Shares of TEVA have been floating in the range of $35.00 – $46.65 in the last 52 weeks.

Span-America Medical Systems, Inc (NASDAQ:SPAN) manufactures and distributes therapeutic support surfaces and related products for the medical, consumer, and industrial markets in the United States and Canada. Span-America Medical Systems, Inc pays a dividend of $0.50 annually. The stock has an annual dividend yield of 3.08% and maintains a dividend payout ratio of 25.46%. Shares of SPAN have been floating in the range of $12.99 – $18.40 in the last 52 weeks.

South Jersey Industries Inc (NYSE:SJI) annual dividend yield stands at 3.10% and maintains a dividend payout ratio of 49.25%. The stock has a dividend of $1.61 annually. SJI shares traded in the range of $46.52 – $57.99 in the last 52 weeks. SJI, through its subsidiaries, engages in the purchase, transmission, and sale of natural gas for residential, commercial, and industrial customers.

StanCorp Financial Group, Inc (NYSE:SFG) pays a dividend of $0.89 annually. The company has an annual dividend yield of 2.95%. Shares of SFG have been floating in the range of $24.96 – $41.99 in the last 52 weeks.

Prosperity Bancshares, Inc (NYSE:PB) has an annual dividend of $0.78 while keeping its dividend yield at 1.93%. Shares of PB have been trading in the range of $30.91 – $47.66 in the last 52 weeks. PB operates as the holding company for Prosperity Bank that provides a range of financial products and services to small and medium-sized businesses and consumers in Texas.

Norwood Financial Corporation (NASDAQ:NWFL) operates as the holding company for Wayne Bank that provides various financial services to consumers, businesses, nonprofit organizations, and municipalities in Pennsylvania. Norwood Financial Corporation pays a dividend of $1.20 annually. The stock has an annual dividend yield of 4.47% and maintains a dividend payout ratio of 45.12%. Shares of NWFL have been floating in the range of $23.23 – $29.85 in the last 52 weeks.

Disclosure: The views and opinions expressed in this article are exclusively those of the authors who have no stake in any stocks mentioned, and hold no plan to acquire any stake within the next 5 days.

 



 

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