High dividend stocks to watch: JPMorgan Chase (JPM) announced its third-quarter results topping Wall Street’s expectations, and claimed that the real estate market has been out of the predicament. September PPI increased 1.1%, beating the analysts’ estimates. The initial value of October Michigan consumer confidence index is 83.1, well above the analysts’ expectations. The U.S. stock market hikes in Friday morning. Below are the high dividend-payings announced quarterly distributions.
Real estate investment trusts (REIT) usually appear on the list of high dividend stocks, as they deliver favorable rewards to investors. Franklin Street Properties Corp. (FSP) is a REIT which through its subsidiaries, generates rental income from real estate leasing, interest income from secured loans made office properties and fee income from asset/property management. The company’s board of directors declared a regular quarterly dividend of $0.19 per share for the third quarter from July 1, 2012 to September 30, 2012, payable on November 15, 2012 to stockholders of record as of October 26, 2012. Based on the latest FSP stock trading price, the company yields at 6.83%.
Marchex, Inc. (MCHX) is a provider of digital products and solutions that enable advertisers to reach local consumers across online, mobile and offline sources. The company declared that investors of record as of the close of business on November 2, 2012, will get a quarterly dividend of $0.035 per share on November 15, 2012. The company lifted its quarterly distribution from $0.02 to $0.35 per share. Based on the latest MCHX trading price, the company yields at 3.56%.
Energy related companies usually play the roles of high dividend stocks. Teekay Offshore Partners L.P. (TOO) is engaged in the business of marine transportation and storage services to the offshore oil industry. The company declared a cash dividend of $0.5125 per unit for the third quarter as of Septermber 30, 2012, which will be made to the unitholders of record as of October 24, 2012. Based on the latest TOO stock price of $38.16, unitholders receive a 7.08% dividend yield from the company. Teekay LNG Partners L.P.( TGP) also announced a quarterly distribution of $0.675 per share, which will be paid on November 9, 2012 to all unitholders of record on October 24, 2012. On the basis of the latest TGP stock trading price, Teekay LNG pays out at a yield of 7.08%.
Targa Resources Partners LP (NGLS), among the high dividend stocks, is a provider of midstream natural gas and natural gas liquid (NGL) services in the United States. The company announced its quarterly dividend of $0.6625 per share for the third quarter of 2012. The dividend will be paid on November 15, 2012 to stockholders of record as of the close of business on October 22, 2012. The approved dividend is 7% higher than the prior quarter’s dividend and 37% more than the dividend a year ago. Calculated by the latest NGLS stock price of $42.70, the dividend yield of Targa Resources reached 6.21%.