This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

7 Dividend Stocks Shoveling Cash to Shareholders

Stocks in this article: ALTR SJM OKE ATR GCI HBAN LSTR

Altera

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Even if 2011 has proven challenging for stocks, it's still been a strong year for shares of Altera (ALTR). The $13 billion semiconductor company has seen its shares rally more than 14% so far this year. Last week, Altera's management opted to increase that return even more by announcing a 33.3% dividend increase. That move brings Altera's yield to 0.79% at current price levels.

Altera is a leader in the programmable logic device market, a subset of chips that can have its circuitry -- and functions -- reprogrammed by the manufacturer's clients and are purchased by original equipment manufacturers of everything from communications devices to automobile components. Altera is half of the PLD duopoly that currently dominates the market.

The abundance of new devices hitting the marketplace is one of the most compelling growth catalysts for Altera right now. High switching costs should guarantee that the firm is able to capture a material chunk of new device contracts as they come available.

Solid financial health suggests that the firm's modest dividend is secure for the moment. While this name is far from a core income holding, it should still present a good source of diversification for any dividend portfolio.

Altera, one of the top holdings of Renaissance Technologies, was featured recently in " 5 Semiconductor Stocks to Buy Now."

2 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs