NEW YORK ( TheStreet) -- Who doesn't enjoy receiving statements with dividend income every month? I know I look forward to collecting dividends with capturing strategies or with longer-term holds.If collecting big dividends was as easy as buying the highest-yielding stocks we would all be rich and holding a drink in our hand on the beach (not to mention how crowded the beach would be).
A stock must be highly liquid, and trade with a small bid-ask spread to avoid slippage
The company must have a history of dividend payments and increases in payments
The company needs to demonstrate the ability to continue paying the current dividend or more
The stock chart must be in a bullish uptrend; there is no point in looking for an oversized yield if the shares are expected to drop as much or more in the next year
Shareholders receive $1.42 annually in dividend payments. Over the last five years, the dividend has grown by an average of 9.1% per year, almost as fast as the garbage piles up in my son's room. Shares are slowly but steadily climbing in the last 30 days. Shares are now 2.5% higher than last month. Based on technical analyst the chart is breaking out of recent resistance and appears ready to test the next level of resistance near $36. The moving averages are either moving higher or rounding higher.