As a dividend investor with special attention to long-term dividend growth opportunities I try to find companies with investor friendly dividend policies. In this short note I outline 3 of them.
Realty Income Corporation (NYSE:O) focuses on income investors (they do call themselves the "monthly dividend company") and slowly raises its dividend by 0.001 cent during recent financial crisis. A reader can find plenty of information about this REIT at SA.
UK utility SSE plc (OTCPK:SSEZY) claims in their 2011 annual report that "SSE's strategy is to deliver sustained real growth in the dividend payable to shareholders through the efficient operation of, and investment in, a balanced range of economically-regulated and market-based energy-related businesses." This company is less known for SA readers but they maintain a good WWW site (sse.com) with plenty information for investors
Board of directors of First Financial Bancorp. (NASDAQ:FFBC) authorized in second quarter 2011 new 100% dividend payout ratio as main company policy for the foreseeable future.
This 100% dividend payout ratio comprised of two components: a) Recurring dividend based on stated payout of between 40% - 60% of quarterly earnings; currently $0.12 per share and b) Variable dividend based on the remainder of quarterly earnings.
In January 2012 the bank increased total dividends from 27 cent to 31 cent which is equal to their Q4 2011 earnings per share.
I'm long on all 3.