If you want higher dividend payments, don't hold your breath
because it can take years for some firms to deliver. But that's
not the case withJ2 Global (
The Internet communications and digital media company has
hiked its shareholder dividend seven times since it started its
dividend program in the fall of 2011, albeit in small
J2 Global, which runs eFax and Ziff Davis, last raised its
dividend in May, upping its payout to 24 cents a share each
quarter from 23.25 cents. Its dividend has grown 20% since
initiation. J2 Global pays 96 cents a share on an annual basis,
which works out to a yield of about 2.3% at current prices.
Although J2 Global has one of the lower yields among the nine
dividend-paying stocks in the Telecom Services-Cable/Satellite
group, it is one of the best rated. J2 Global has
of 91 -- the highest in the entire group.
J2 Global has delivered higher earnings each year since 2002.
Profit has grown from 28 cents a share in 2002 to $2.69 a share
The company got off to a mixed start for 2013. Earnings for
the first quarter fell 9% to 58 cents a share, hurt by interest
and other expenses. But sales jumped 31% to $113.6 million. That
marked its best performance in six quarters, as well as the third
straight period of accelerating growth.
J2 Global also raised its full-year outlook for profit and
Despite recent market volatility, J2 Global's stock has
managed to find support at its 10-week moving average. The stock
is in a cup-with-handle base with a buy point at 43.53.
J2 Global's pattern doesn't have a rounded bottom, as in
regular cup with handles. But the stock's Relative Strength line
has hit a new high ahead of price.