Income investors should not just jump on any dividend increase, but look to buy into stocks increasing dividends with a bullish outlook. One way to look at dividend stocks is to look at what analysts are projecting in the near term. These stocks not only are increasing their dividend, but are rated bullish in their equity summary score -- ESS. The ESS is a consensus rating among analysts weighted by the past stock rating performance of the analyst. Here is a list of 4 stocks meeting this criterion.
Teekay LNG Partners (TGP) is the world's third largest independent owner and operator of LNG vessels, providing LNG, LPG and crude oil marine transportation services primarily under long-term, fixed-rate charter contracts with major energy and utility companies through its interests in 27 LNG carriers. TGP has declared a cash distribution of $0.675 per unit for the quarter ended March 31, 2012-- an increase of $0.045 per unit, or approximately 7 percent, from the previous quarter. The cash distribution is payable on May 14, 2012 to all unitholders of record on April 23, 2012. TGP is up 20% year to date. TGP has an equity summary score of 10 out of 10 for a VERY Bullish outlook.
Targa Resources Partners (NGLS) is a publicly traded Delaware limited partnership that is a leading provider of midstream natural gas and natural gas liquid services in the United States. The Partnership is engaged in the business of gathering, compressing, treating, processing and selling natural gas; and storing, fractionating, treating, transporting and selling natural gas liquids, or NGLs, and NGL products; and storing and terminaling refined petroleum products and crude oil.
Targa Resources Partners LP announced that the board of directors of its general partner has declared a quarterly cash distribution of 62.25¢ per common unit, or $2.49 per common unit on an annualized basis, for the first quarter 2012. The approved distribution represents an increase of approximately 3% over the previous quarter's distribution and 12% over the distribution for the first quarter 2011. This cash distribution will be paid May 15, 2012 on all outstanding common units to holders of record as of the close of business on April 23, 2012. NGLS has an equity summary score of 8.8 out of 10 for a Bullish outlook and a First Call Consensus rating of Buy.
Plains All American Pipeline, L.P. (PAA) is a publicly traded master limited partnership engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids. PAA announced a quarterly cash distribution of $1.045 per unit ($4.18 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on May 15, 2012, to holders of record of such units at the close of business on May 4, 2012. This distribution represents an increase of 7.7% over the quarterly distribution of $0.97 per unit ($3.88 per unit on an annualized basis) paid in May 2011 and an increase of approximately 2.0% over the quarterly distribution of $1.025 per unit ($4.10 per unit on an annualized basis) paid in February 2012. As of this distribution, PAA will have increased its quarterly distribution to limited partners in 30 out of the past 32 quarters and consecutively in each of the past 11 quarters. PAA has an equity summary score of 8.3 out of 10 for a Bullish outlook and a First Call Consensus rating of Buy.
H.B. Fuller Co. (FUL) increased its quarterly dividend 13%, marking the 43rd straight year the paint and adhesive maker has raised its dividend. The penny increase brings H.B. Fuller's quarterly payment to 8.5 cents a share and will cost the company about $2 million more a year. The company--which makes adhesive, sealant and paint products--has improved its earnings over recent quarters, largely thanks to strength in emerging markets like Eastern Europe and Latin America. It has also worked to lower costs by reformulating some products and cutting down on overhead. Last month, FUL reported its fiscal first-quarter earnings rose 6.7% on stronger revenue in all major regions, led by North America and Asia Pacific. FUL is up 39% year to date. FUL has an equity summary score of 7.5 out of 10 for a Bullish outlook and a First Call Consensus rating of Buy.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.