BALTIMORE (Stockpickr) -- Last week was a slow one for dividends with only seven companies declaring increases in their payouts to shareholders. But despite that lack of income action, dividends continue to be a big deal on Wall Street -- particularly when stocks are slow to perform and capital gains can't be found.
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BioMed ( BMR) is a health care REIT that offers office and research space around key metropolitan areas. The company has 73 properties in its portfolio, servicing clients in the biotech, pharmaceutical and government research industries. Last week, shareholders saw a boost in their returns thanks to a 7.1% dividend increase that resulted in a 15-cent quarterly payout.
Another big player in the REIT market is W.P. Carey ( WPC), a commercial real estate company that leases its properties for profit and advises a number of REITs through its investment management arm. W. P. Carey's management announced a modest dividend last week, raising its payouts 0.4% to 50.6 cents per share -- a sizable 7.29% dividend yield.
Book giant John Wiley & Sons ( JW.A) ( JW.B) announced a 14.3% dividend hike last week in both its A and B class shares, increasing their payouts to 16 cents per share. The publisher has managed to carve out a profitable space in trade and professional books, which cater to readers in the academic, institutional, and professional world and offer higher margins than mass-market products. In 2010, the company should continue to benefit from a degree of separation from fickle consumers' pocketbooks.
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