It helps that OXY is expert at getting the most bang from its buck. Much of its growth comes from squeezing every last drop out of oil and gas wells that are approaching the far end of the production curve. While those alternative oil recovery strategies are costlier than traditional approaches, they're paying off in spades for Occidental's projects right now. The company's knack for acquiring bargain-priced older wells with mediocre production and make them economically viable again should help keep its top line trending higher in 2013.

Right now, Occidental pays out a 2.73% dividend yield. Share price notwithstanding, I expect that number to increase in the next quarter.

Consolidated Edison

Consolidated Edison ( ED) is having a tough week. As the resident power company in New York City and much of New Jersey, some of ConEd's most critical infrastructure got hit hard by Hurricane Sandy's impact on the region. But even though costs are likely to move higher this quarter, the firm is still well positioned for a dividend hike.

Regulated utilities and dividends go together like peanut butter and jelly. These firms sport huge dividend yields, consistent earnings, and legal monopoly status. When it comes to generating predictable income, that's the trifecta that income investors should be shooting for. ConEd's presence in a high-demand region (the firm's operations also include Pennsylvania and New York state) give it exposure to favorable rate hikes and predictable revenues.

While the repair costs for Sandy are likely to be material for the next quarter, they don't change this stock's longer-term outlook. And since the firm has given its investors a dividend raise every year for almost four decades, the trend is unlikely to get bucked because of one-time charges hitting the income statement. Consolidated Edison pays out a 60.5-cent quarterly dividend per share, which translates into a 4.05% yield at current price levels.

To see these dividend plays in action, check out the at Dividend Stocks for the Week portfolio on Stockpickr.

And if you haven't already done so, join Stockpickr today to create your own dividend portfolio.

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