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This article provides a brief overview of which dividend-paying assets have increased their dividend payouts. Since payout trends tend to be curvilinear for most of these assets (i.e., not linear and not a straight-line fit), a non-parametric method that does not depend on parameters such as the mean and standard deviation, or regression slope, will be more beneficial and appropriate.

The following table provides results from concordance analysis of historical dividend payouts. The probability of an increased dividend payout is defined as the probability that, when two within-asset payouts are randomly selected, the more recent payout was greater than the earlier payout. Thus, this analysis asks the question: Given two randomly selected payouts, what's the chance that the more recent payout was greater than the earlier payout? 500 iterations were used for calculating the concordance index.

Symbol

Name

Beta

50MA>200MA

Forward Annual Yield

Dividend Date

ExDividend Date

Prob Increased Dividend

(NASDAQ:MCHP)

Microchip Technol

1.14

No

0.045

May 30 2012

May 15 2012

0.976

(NYSE:KMP)

Kinder Morgan Ene

0.51

No

0.06

May 14 2012

Apr 26 2012

0.966

(NYSE:HCP)

HCP Inc. Common

0.89

Yes

0.049

May 21 2012

May 3 2012

0.962

(NYSE:MMP)

Magellan Midstrea

0.48

Yes

0.048

May 14 2012

May 4 2012

0.962

(NYSE:SXL)

Sunoco Logistics

0.32

Yes

0.05

May 14 2012

May 7 2012

0.962

(NYSE:EPD)

Enterprise Produc

0.72

Yes

0.051

May 8 2012

Apr 26 2012

0.958

(NYSE:PAA)

Plains All Americ

0.55

Yes

0.053

May 14 2012

May 2 2012

0.958

(NYSE:VFC)

V.F. Corporation

0.96

Yes

0.02

Jun 17 2012

Jun 6 2012

0.954

(NYSE:GPC)

Genuine Parts Com

0.71

Yes

0.032

Jul 1 2012

Jun 6 2012

0.936

(NYSE:ABT)

Abbott Laboratori

0.42

Yes

0.033

May 14 2012

Apr 11 2012

0.934

(NYSE:EMR)

Emerson Electric

1.35

No

0.034

Jun 10 2012

May 9 2012

0.932

(NYSE:PEP)

Pepsico Inc. Com

0.38

Yes

0.031

Jun 28 2012

May 30 2012

0.932

(NYSE:HSY)

The Hershey Compa

0.03

Yes

0.022

Jun 14 2012

May 23 2012

0.93

(NYSE:NEE)

NextEra Energy I

0.44

Yes

0.037

Mar 14 2012

Feb 29 2012

0.926

(NYSE:PNY)

Piedmont Natural

0.43

No

0.041

Apr 12 2012

Mar 21 2012

0.922

(NYSE:AJG)

Arthur J. Gallagh

0.72

Yes

0.039

Jul 12 2012

Jun 27 2012

0.92

(NYSE:KMB)

Kimberly-Clark Co

0.18

Yes

0.037

Jul 2 2012

Jun 6 2012

0.916

(NYSE:PPG)

PPG Industries I

1.39

Yes

0.023

Jun 11 2012

May 8 2012

0.916

(NYSE:PGN)

Progress Energy

0.13

No

0.045

Jun 17 2012

May 16 2012

0.914

(NYSE:NS)

Nustar Energy L.P

0.79

No

0.083

May 10 2012

May 4 2012

0.912

(NYSE:O)

Realty Income Cor

0.49

Yes

0.045

Jun 14 2012

May 30 2012

0.912

(NYSE:HD)

Home Depot Inc.

0.92

Yes

0.023

Jun 13 2012

May 29 2012

0.91

(NYSE:PG)

Procter & Gamble

0.35

No

0.036

May 14 2012

Apr 25 2012

0.908

(NYSE:ITW)

Illinois Tool Wor

1.28

Yes

0.026

Jul 9 2012

Jun 27 2012

0.904

(NYSE:LLY)

Eli Lilly and Com

0.37

Yes

0.048

Jun 7 2012

May 11 2012

0.902

(NYSE:T)

AT&T Inc.

0.48

Yes

0.052

Apr 30 2012

Apr 5 2012

0.898

(NYSE:ETP)

Energy Transfer P

0.91

Yes

0.08

May 14 2012

May 2 2012

0.896

(NYSE:PBI)

Pitney Bowes Inc.

1.04

No

0.108

Jun 11 2012

May 9 2012

0.882

(NASDAQ:INTC)

Intel Corporation

1.01

Yes

0.033

May 31 2012

May 3 2012

0.872

(NYSE:YUM)

Yum! Brands Inc.

0.73

Yes

0.016

Aug 2 2012

Jul 11 2012

0.872

(NYSE:GIS)

General Mills In

0.01

No

0.031

Apr 30 2012

Apr 5 2012

0.866

(NYSE:MTB)

M&T Bank Corporat

0.6

Yes

0.034

Jun 28 2012

May 30 2012

0.854

(NASDAQ:VOD)

Vodafone Group Pl

0.72

Yes

0.035

Jul 31 2012

Nov 16 2011

0.854

(NYSE:XOM)

Exxon Mobil Corpo

0.69

Yes

0.028

Jun 10 2012

May 10 2012

0.852

(NYSE:TGP)

Teekay LNG Partne

0.83

Yes

0.07

May 13 2012

Apr 19 2012

0.848

(NYSE:MCD)

McDonalds Corpor

0.22

No

0.031

Jun 14 2012

Feb 28 2012

0.846

(NYSE:EEP)

Enbridge Energy

0.68

No

0.072

May 14 2012

May 3 2012

0.844

(NYSE:RAI)

Reynolds American

0.48

Yes

0.056

Jul 1 2012

Jun 7 2012

0.844

(NYSE:SO)

Southern Company

0.09

Yes

0.043

Jun 5 2012

May 3 2012

0.844

(NYSE:ETE)

Energy Transfer E

0.68

No

0.066

May 17 2012

May 2 2012

0.84

(NYSE:PNW)

Pinnacle West Cap

0.36

Yes

0.043

May 31 2012

Apr 27 2012

0.838

(NYSE:FL)

Footlocker Inc.

1.13

Yes

0.022

Jul 26 2012

Jul 11 2012

0.836

(NASDAQ:HCBK)

Hudson City Banco

1.08

Yes

0.051

May 24 2012

May 8 2012

0.826

(NYSE:NVS)

Novartis AG Commo

0.53

No

0.048

Apr 4 2012

Feb 27 2012

0.822

(NYSE:BMY)

Bristol-Myers Squ

0.24

Yes

0.041

Apr 30 2012

Apr 3 2012

0.818

(NYSE:NSC)

Norfolk Southern

1.13

No

0.028

Jun 10 2012

May 2 2012

0.816

(KFT)

Kraft Foods Inc.

0.4

Yes

0.03

Jul 15 2012

Jun 27 2012

0.814

(NYSE:HCN)

Health Care REIT

0.75

Yes

0.054

May 20 2012

May 4 2012

0.812

(NYSE:MRK)

Merck & Company

0.44

Yes

0.045

Jul 8 2012

Jun 13 2012

0.8

(NASDAQ:MBVT)

Merchants Bancsha

0.43

No

0.043

May 16 2012

May 1 2012

0.782

(NASDAQ:CPNO)

Copano Energy L.

0.87

No

0.086

May 9 2012

Apr 26 2012

0.774

(NYSE:VZ)

Verizon Communica

0.41

Yes

0.048

Apr 30 2012

Apr 5 2012

0.774

(HTCO)

Hickory Tech Corp

1.03

No

0.059

Jun 4 2012

May 11 2012

0.766

(NYSE:PM)

Philip Morris Int

0.92

Yes

0.036

Apr 11 2012

Mar 27 2012

0.762

(NASDAQ:LINE)

Linn Energy LLC

0.9

Yes

0.08

May 14 2012

May 4 2012

0.758

(NYSE:EXC)

Exelon Corporatio

0.48

No

0.041

Jun 7 2012

May 11 2012

0.746

(NYSE:PFE)

Pfizer Inc. Comm

0.7

Yes

0.04

Jun 4 2012

May 9 2012

0.744

(NYSE:VTR)

Ventas Inc. Comm

0.77

Yes

0.043

Jun 28 2012

Jun 6 2012

0.738

(NYSE:SUI)

Sun Communities

1.19

Yes

0.062

Apr 26 2012

Apr 12 2012

0.718

(NYSE:DD)

E.I. du Pont de N

1.49

Yes

0.036

Jun 11 2012

May 11 2012

0.698

(NYSE:PSA)

Public Storage Co

0.81

Yes

0.033

Jun 27 2012

Jun 11 2012

0.664

(NYSE:FE)

FirstEnergy Corpo

0.32

Yes

0.047

May 31 2012

May 3 2012

0.654

(NYSE:PPL)

PP&L Corporation

0.22

No

0.052

Jul 1 2012

Jun 6 2012

0.64

(NYSE:EIX)

Edison Internatio

0.45

Yes

0.029

Jul 30 2012

Jun 27 2012

0.636

(NYSE:APU)

AmeriGas Partners

0.28

No

0.082

May 17 2012

May 8 2012

0.624

(NYSE:D)

Dominion Resource

0.31

Yes

0.04

Jun 19 2012

May 30 2012

0.6

(NYSE:HNZ)

H.J. Heinz Compan

0.42

Yes

0.036

Apr 9 2012

Mar 21 2012

0.586

(NYSE:SCCO)

Southern Copper C

1.93

No

0.074

May 23 2012

May 9 2012

0.55

(NYSE:AWF)

Alliancebernstein

0.77

Yes

0.08

May 17 2012

May 2 2012

0.548

(NYSE:DUK)

Duke Energy Corpo

0.21

Yes

0.046

Jun 17 2012

May 16 2012

0.526

(NASDAQ:CPSI)

Computer Programs

0.28

Yes

0.032

May 24 2012

May 8 2012

0.51

(NYSE:DTE)

DTE Energy Compan

0.34

Yes

0.042

Jul 14 2012

Jun 18 2012

0.486

(NYSE:EQR)

Equity Residentia

1.05

Yes

0.022

Apr 12 2012

Mar 21 2012

0.476

(NYSE:VNO)

Vornado Realty Tr

1.3

Yes

0.033

May 23 2012

May 10 2012

0.462

(NYSE:DEO)

Diageo plc Common

0.78

Yes

0.022

Apr 12 2012

Feb 29 2012

0.456

(NYSE:KIM)

Kimco Realty Corp

1.26

Yes

0.042

Jul 15 2012

Jul 2 2012

0.436

(NASDAQ:NTLS)

NTELOS Holdings C

1.05

No

0.089

Jul 10 2012

Jun 13 2012

0.424

(NYSE:UL)

Unilever PLC Comm

0.83

Yes

0.04

Jun 12 2012

May 9 2012

0.41

(LRY)

Liberty Property

1.14

Yes

0.055

Apr 14 2012

Mar 29 2012

0.408

(NASDAQ:WIN)

Windstream Corpor

0.61

No

0.105

Jul 15 2012

Jun 27 2012

0.396

(SLE)

Sara Lee Corporat

0.65

Yes

0.022

Apr 8 2012

Feb 28 2012

0.394

(NASDAQ:PCH)

Potlatch Corporat

0.67

No

0.043

Jun 25 2012

Jun 6 2012

0.366

(NYSE:DO)

Diamond Offshore

1.39

Yes

0.008

May 31 2012

Apr 27 2012

0.36

(NYSE:BTE)

Baytex Energy Cor

1.48

No

0.055

Jun 14 2012

May 29 2012

0.352

(NYSE:SPG)

Simon Property Gr

0.95

Yes

0.027

May 30 2012

May 15 2012

0.32

(NYSE:DRE)

Duke Realty Corpo

1.42

Yes

0.05

May 30 2012

May 14 2012

0.284

(NYSE:NLY)

Annaly Capital Ma

0.23

No

0.132

Apr 25 2012

Mar 28 2012

0.266

(NYSE:NU)

Northeast Utiliti

0.42

Yes

0.038

Jun 28 2012

May 30 2012

0.236

(NYSE:MO)

Altria Group Inc

0.42

Yes

0.051

Jul 9 2012

Jun 13 2012

0.216

(NYSE:MMC)

Marsh & McLennan

0.66

Yes

0.028

Aug 14 2012

Jul 9 2012

0.204

(NYSE:PLD)

ProLogis Inc. Co

1.49

Yes

0.036

Jun 28 2012

Jun 7 2012

0.202

(NYSE:PCG)

Pacific Gas & Ele

0.28

Yes

0.042

Apr 14 2012

Mar 28 2012

0.192

(HBC)

HSBC Holdings pl

1.38

Yes

0.045

Jul 4 2012

May 16 2012

0.174

(NYSE:JPM)

JP Morgan Chase &

1.57

Yes

0.036

Jul 30 2012

Jul 3 2012

0.128

(NYSE:NGG)

National Grid Tra

0.69

Yes

0.075

Aug 14 2012

May 30 2012

0.094

(NYSE:GSK)

GlaxoSmithKline P

0.55

Yes

0.05

Jul 4 2012

May 9 2012

0.016

(NASDAQ:CNSL)

Consolidated Comm

0.62

No

0.11

Jul 31 2012

Jul 11 2012

-0.03

(NYSE:XEL)

Xcel Energy Inc.

0.27

Yes

0.039

Jul 19 2012

Jun 19 2012

-0.038

(NASDAQ:FTR)

Frontier Communic

0.64

No

0.114

Jun 28 2012

Jun 6 2012

-0.048

(NYSE:FPO)

First Potomac Rea

0.91

No

0.066

May 10 2012

May 2 2012

-0.116

(NYSE:WR)

Westar Energy In

0.39

Yes

0.047

Jul 1 2012

Jun 6 2012

-0.178

(NYSE:PCL)

Plum Creek Timber

0.84

Yes

0.046

May 30 2012

May 16 2012

-0.198

(NYSE:PWE)

Penn West Petrole

1.54

No

0.077

Jul 12 2012

Jun 27 2012

-0.406

(NYSE:ACG)

Alliancebernstein

0.09

No

0.059

May 17 2012

Apr 4 2012

-0.452

(NYSE:ETW)

Eaton Vance Corpo

0.97

No

0.022

Mar 29 2012

Mar 21 2012

-0.558

The Alliance Bernstein Income Fund has a negative probability of increased payout simply because its last 24 payouts were 0.04, while before that they were 0.05. Hence, over its entire history of paying 0.05 and then dropping to 0.04, the long-term trend is a decreasing one. There happen to be two spikes among the payouts, which were 0.075 and 0.093. These should not bias the results because either of these two spikes will not always, on average, be randomly selected. Spikes in payout history would, nevertheless, bias results if they were based on parametric methods (linear slope, mean, standard deviation). The beta for the Alliance Bernstein Income Fund is very low (0.09), so it does not fluctuate nearly as much as the S&P500 index, for example, and is therefore always a good asset to watch.

The Alliance Bernstein funds have been quite solid in their payouts, and one should also watch its Global Income Fund. It is near the middle of the pack with a probability of increased payout near 0.5 -- so its payout history tends to be going sideways. With a beta of 0.77 for the Global Income Fund, I tend to pay more attention to the Alliance Bernstein Income Fund. The key point in discussing the Alliance Bernstein Income Fund is that, while it is a "Steady Eddie" and reliable dividend payer, it does not have a history of increasing its dividend payout -- concordance analysis reliably detected this in the midst of two spikes in payout amount.

The majority of payout trends are curvilinear, and some assets with higher probability of an increased payout over history increased their payout up to a plateau and the rate became less pronounced. All this is a way of saying that the probability of an increase depends on the entire history of payouts, and not specifically any particular recent or early epoch of time. There are obviously numerous other methods one can use to determine attractiveness, safety, and profitability of dividend-paying assets. This article merely looks at one dimension (payout history) and provides results regarding a payout increase during the history of payouts. This article does not speculate that assets ranked at the top of the table are going to increase their payouts in the future, but rather that over their payout history they did increase their payouts. There are also many ways an asset can increase its payout, so readers are encouraged to do their own due diligence to determine what constitutes a good buy recommendation.

Given the sovereign debt crisis in southern EU, it is not recommended that readers who are retail investors go out and buy assets. Instead, it may be more advantageous to await the Greek election on June 17 and see what kind of storm ensues thereafter.

Regarding positions, I am in all cash at the current moment and would enjoy nothing more than a large downturn so that I can first pick up, for example, T and VZ at bargain-basement prices. Then I could get back in with ACG, BIP, HCN, and PAA. My basket of hedging assets that could likely be safely owned during an oncoming downturn are ACG, BIP, DUK, GIS, LQD, SO, and TLT -- although LQD includes investment-grade corporate bonds so it has to be watched. Certainly, the inverse ETFs such as SH (inverse S&P 500) and PSQ (inverse Nasdaq) would likely do well, as would the dollar bull UUP.

Source: Best Dividend-Paying Assets