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Should You Buy It? Diebold

 

Editor's note: Friday, Feb. 27, David Peltier will be on Stockpickr Answers to answer questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today -- free.

With more companies cutting their dividends these days, I've paid special attention to the ones that have actually increased their payout in 2009. Diebold (DBD Quote) is one such name, as the company boosted its quarterly dividend on Feb. 11 to 26 cents a share (4.6% yield).

But what makes Diebold stand out from the rest is that management has increased the dividend 56 consecutive years -- the longest current streak in this country. ...

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