Top Dividend Stocks of the Week: Nucor
In spite of a week when the Dow Jones Industrial Average dropped almost 400 points on Friday, there were still several dividend increases, dividend reinstatements and supplemental dividend payments.
With that in mind, Stockpickr has put together another portfolio of the Top Dividend-Increasers for the Week.
Nucor (NUE) declared a regular quarterly dividend of 32 cents a share, and it added a supplemental dividend of 20 cents a share. This steel manufacturer just raised its earnings forecast above analysts' opinions for the second quarter, due to increasing shipments and higher profit margins. The stock has a P/E of 15 and a PEG of 1.43, and it pays a yield of 1.6%.
Nucor is favored by Ken Fisher, longtime Forbes columnist and head of Fisher Asset Management, with $30 billion under management. He was ranked the No. 1 market expert by CXOAdvisory.com. Fisher also likes United Technologies (UTX), with a 1.8% yield; EnCana (ECA), also with a 1.8% yield; and BHP Billiton (BHP), which pays a yield of 1.4%.Another stock in the portfolio is Universal Health Realty Income Trust (UHT), which boosted its dividend by almost 1% to 58.5 cents for the quarter. This real estate investment trust invests in medical-related real estate, including acute care hospitals, behavioral health care facilities, rehabilitation hospitals, surgery centers and medical office buildings. The company reported 35 cents per diluted share for the first quarter, vs. 49 cents per diluted share for the same quarter last year. It has a P/E of 20 and pays a yield of 6.5%. Universal Health Realty shows up in the Stockpickr portfolio called High-Yield Healthcare REITs, which lists health-related REITs that have yields of 5.5% and up. The portfolio also includes Healthcare Realty Trust (HR), which yields 5.5%; Cogdell Spencer (CSA), the medical office building developer, which yields 7.5%; and LTC Properties (LTC), yielding 5.5%.
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