Top DJIA stocks for 2012 AND Dividend Trends- AA, AXP, T, BAC, BA, CAT, CVX, CSCO, KO, DD, XOM
The Boeing Company (NYSE: BA) engaged in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense dividend has remained the same $0.42 per quarter since its first raise (from $0.40) was paid out in February of 2009. Company had been aggressively raising its payout before the recession and its payout more than doubled since 2004.
Caterpillar, Inc. (NYSE: CAT) a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives had a very good dividend raise at the July 2011 2 quarters of $0.46 payouts behind it, offer another hike in mid-2012. The current yield is only 1.9% so it has room to hike significantly if it chooses.
Chevron Corporation (NYSE: CVX) manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support has raised its dividend each year before, last three quarters of $0.78 so a hike could be announced in the first half of 2012. Company’s yield today is about 3% and it is paying about 25% of its expected earnings.
Cisco Systems, Inc. (NASDAQ: CSCO) designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry has had three quarters of payouts at the $0.06 dividend level and we look for Cisco to boost its payout in 2012 for its March or July payment after its layoffs and restructuring are further behind it.
The Coca-Cola Company (NYSE: KO) a non-alcoholic beverage company has already had three quarters of a $0.47 payout and it has raised its dividend yearly before, during, and after the recession. The beverage giant is increasing its investment into emerging markets as the North American market is peaked.
E.I. du Pont de Nemours and Company (NYSE: DD), or DuPont, offers a range of products and services for markets, including agriculture and food, building and construction, electronics and communications is highly cyclical and it has had the same $0.41 per quarter payout since late in 2007. With the economy getting choppy, the payout is less than 40% of its expected income.
Exxon Mobil Corporation (NYSE: XOM) a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics has just recently paid out its third straight quarter of $0.47 paid out and this one has raised its quarterly payout each year before, during, and after the recession. This is Big Oil and the 2.4% dividend can easily be raised whether the company may have to pay out more taxes ahead or not.
Alcoa Inc. (NYSE: AA) engaged in the production and management of aluminum, fabricated aluminum, and alumina combined is planning to accumulate more liquidity. The company dividend has been stuck at $0.03 since the 2009 and it was $0.17 per quarter before then. The 1.1% is very unimpressive for a DJIA component and we have no great dividend ambitions in the near-term for Alcoa even if only 10% to 15% of expected 2012 income is slated for payouts.
American Express Company (NYSE: AXP) a global service company had its dividend stright at $0.18 per quarter since its January 2008 and the current yield is only 1.4%., its payout is not quite 19% of expected earnings next year. At $49.70, the consensus price target is around $55.75.
AT&T Inc. (NYSE: T) a provider of telecommunications services had a good four quarters in a row of $0.43. This is one of our dividend stars with a 5.8% yield but it also pays out more than 70% of its expected income. At $29.20, the consensus price target is $31.90.
Bank of America Corporation (NYSE: BAC) a financial institution, serving individual consumers, small and middle market businesses with a steady at $0.01 dividend since early 2009.
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