High dividend stocks to watch: Due to the impact of Hurricane, Sandy, all the exchanges including the NYSE, the Nasdaq, the Bats announced to stop trading on Monday. Sandy also affected the options market. There are still a group of companies announced a quarterly distribution: DCP Midstream Partners, LP (DPM) primarily provides logistics services for natural gas and natural gas liquids as well as propane. The company’s board of directors declared a quarterly cash distribution of $0.68 per unit for the quarter ended September 30, 2012, up 1.5% from the last quarterly distribution of $0.67 per unit. The quarterly cash distribution will be paid November 14, 2012, to unit holders of record at the close of business on November 7, 2012. Based on the latest DPM unit trading price of $0.68, DCP Midstream Partners yields at 6.13%.
Another natural gas-related company among the dividend stocks is Boardwalk Pipeline Partners, LP (BWP). The partnership primarily provides transportation, storage, gathering and processing of natural gas and liquids for its customers. It announced a quarterly cash distribution per common unit of $0.5325, which will be made on November 15, 2012, to unit holders of record as of November 8, 2012. On the latest BWP unit price of $26.80, the company rewards investors at a dividend yield of 7.95%.
Oxford Resource Partners, LP (OXF) is a producer of value steam coal, and surface mined coal in Ohio. The partnership declared a reduced cash distribution of $0.20 per common unit for its third quarter ended September 30, 2012, payable on November 14, 2012, to all common unit holders of record as of the close of business on November 8, 2012. The partnership expcets to use the proceeds from the sale of excess equipment from its Illinois Basin operations to make the third quarter distributions out of operating cash flows. On the basis of the latest OXF unit price of $11.25, Oxford Resource pays out at a dividend yield of 7.11%.
U.S. largest Pet Pharmacy, PetMed Express, Inc. (PETS) declared to pay a quarterly dividend of $0.15 per share on its common stock on November 23, 2012, to shareholders of record on November 9, 2012. The company markets prescription and non-prescription pet medications, and other health products for dogs and cats at competitive prices 1-800-PetMeds toll free number and its website. In accordance to the last PETS trading price of $10.75, the company pays dividends at a yield of 5.58%, marked as one of the high dividend stocks.
Molex Incorporated (MOLX) is a manufacturer and seller of electronic components. The company plans to deliver a cash distribution of $0.22 per share to the shareholders of Common Stock, Class A Common Stock and Class B Common Stock, on December 21, 2012. The ex-date is November 28, 2012. Based on the latest MOLX stock price, the 74-year-old global manufacturer of electronic, electrical and fiber optic interconnection systems, pays dividends at a yield of 3.42% on its common stock and 4.15% on its Class A and Class B stock.