This High Dividend Stock Has 24 Straight Dividend Hikes, With More On The Way In 2014

Looking for interesting dividend ideas for 2014? You read the article title right - this week's focus stock has achieved 24 straight quarterly dividend hikes, and also has forecast another hike in the first quarter of 2014. Like many of the stocks in our recent articles, Spectra Energy Partners LP (SEP) has done a good job of rewarding its unitholders with a steady stream of rising dividends. SEP has grown its quarterly distributions from $.30 in late 2007 up to its recent $0.51625 November payment.

SEP grew its cash available for distribution by 18% in Q3 2013 vs. Q3 2012. Year to date, this figure has grown by 26%. CEO Ebel attributed the increases in both earnings and cash available for distribution to SEP's August 2013 acquisition of 50% of the Express-Platte Pipeline System, and the October 2012 acquisition of a 38.76% interest of Maritimes and Northeast Pipeline.

Source: Seeking Alpha

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