Dividend Increases for Thursday July 14, 2011
Four companies announced dividend increases today including 2 Limited Partnerships, 1 Business Development Corporation (BDC) and a commonly held Large Cap.
The largest increases in dividends came from Pope Resources L.P. (ticker: pope) with a huge 40% increase, followed by the drugstore chain, Walgreen Company (ticker: wag) with an equally impressive increase of 28%, keeping it’s 35 year tradition of dividend increases alive.
Completing today’s line-up of dividend increases are Gladstone Investment Corporation (ticker: gain) and Genesys Energy L.P. (ticker: GEL) with increases of 11% and 1.8% respectively.
Week in review
This week over 10 separate companies have delivered dividend increases which offers up good evidence that not only the US economy, but those around the world are not only healing but are beginning to show signs of continued growth and expansion.
As always when evaluating investment opportunities it’s important to keep in mind not only the fundamentals of the stock itself, but also how the holding entity (Limited Partnership, Royalty Trust, Master Limited Partnership, Business Development Company, Preferred Stock) may affect the way you report income on your annual tax return as well as the amount or percentage of tax you will be required to pay. Adding shares of any of these special entities to tax deferred / retirement accounts may also present additional issues that should be discussed with your CPA or tax planner / advisor before purchasing.