Published:
July 2, 2007
The
correct answer is
(E.) Waste Management (WMI)
As you can see, all five of these dividend standouts have been boosting their payments at a
+40% or better clip over the past five years. And these are compounded
annual growth rates -- not cumulative.
At the top of the list is Waste Management, whose annual dividend payment has soared almost 100-fold since 2002, steadily climbing from $0.01 to $0.96 per share.
Though it might be hard to believe, a trash hauler has been one of Wall Street's shining stars -- at least when it comes to systematically raising dividends.
Clearly, it sometimes takes some digging to uncover quality high-yield stocks. And when it comes to searching for yields in overlooked places,
income investing expert Carla Pasternak isn't afraid to roll up her sleeves.
As the editor of StreetAuthority's High-Yield Investing
service, Carla looks for companies that not only offer attractive current yields, but also have a reliable history of
increasing their dividend payments
year-in and year-out.
Only the best companies qualify for
inclusion in Carla's monthly
newsletter. In fact, despite its
stellar track record, WMI (with a sub-3% yield) would probably fall short for Carla -- many of her portfolio holdings offer
enormous yields of 10% or more.
To learn more about Carla's High-Yield Investing newsletter, and to read
her July 2007 feature article on Canadian Royalty Trusts offering robust yields of 11% or more, please
visit
this link.
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