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%.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV