Why Teekay Offshore Partners is a Top 10 SAFE International Dividend Stock (TOO)

Teekay Offshore Partners L.P. (NYSE: TOO) has been named to the Dividend Channel ”International S.A.F.E. 10” list, signifying an international stock with above-average ”DividendRank” statistics including a strong 6.5% yield, as well as a superb track record of at least five years of dividend growth, according to the most recent ”DividendRank” report.
According to the ETF Finder at ETF Channel, Teekay Offshore Partners L.P. is an underlying holding representing 3.58% of the Powershares International Dividend Achievers ETF (PID), which holds $33,795,517 worth of TOO shares.
Teekay Offshore Partners L.P. (NYSE: TOO) made the “Dividend Channel International S.A.F.E. 10″ list because of these qualities: S. Solid return — hefty yield and strong DividendRank characteristics; A. Accelerating amount — consistent dividend increases over time; F. Flawless five year history — never a missed or lowered dividend; E. Enduring — at least a half-decade of dividend payments.
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The annualized dividend paid by Teekay Offshore Partners L.P. is $2.1012/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 07/19/2013. Below is a long-term dividend history chart for TOO, which the report stressed as being of key importance.
TOO operates in the Oil & Gas Equipment & Services sector, among companies like Schlumberger Ltd. (SLB), and Enterprise Products Partners L.P. (EPD).
Source: Forbes