Saturday, March 23, 2013

Dividend Increases, Feb/Mar 2013

I keep a watch list of dividend growth stocks, with tickers organized by yield, by sector, and by the calendar month of dividend payments. Of these, the organization by yield is expected to  change over time due to changes in the stock price and increases (or decreases) in dividend payments. Every month, I'll update my watch list to reflect these changes. 

Since February 15, the market has increased by 2.44% (as measured by the S&P 500) and by 3.78% (as measured by the Dow Jones Industrial Average). For a dividend paying stock, yield would trend lower when the stock price trends higher. This follows from the definition of yield.

Of course, when a company increases its dividend payment, the yield also should increase. How much the yield increases would depend on the size of the dividend increase and the market's reaction to the increase.

The following table provides a summary of recent dividend increases to stocks in my watch list. It is sorted by the last column, %Increase. Notice there are several excellent double digit percentage increases. 

Dividend Increases: Feb 15 - Mar 14, 2013

Company

Ticker
Price
(Mar 22)
Previous
Dividend
New
Dividend
Current
Yield

%Increase
Halliburton Company HAL 39.16 0.36 0.50 1.28% +38.89
The Home Depot, Inc. HD 69.56 1.16 1.56 2.24% +34.48
General Mills, Inc. GIS 48.15 1.32 1.52 2.74% +15.15
Public Storage PSA 150.71 4.40 5.00 3.32% +13.64
Applied Materials, Inc. AMAT 32.26 0.36 0.40 3.02% +11.11
NextEra Energy, Inc. NEE 76.17 2.40 2.64 3.47% +10.00
General Dynamics Corporation GD 69.29 2.04 2.24 3.23% +9.80
The Coca-Cola Company KO 40.04 1.02 1.12 2.80% +9.80
Colgate-Palmolive Company CL 114.41 2.48 2.72 2.38% +9.68
Kimberly Clark Corp KMB 95.66 2.96 3.24 3.39% +9.46
Staples, Inc. SPLS 13.53 0.44 0.48 3.55% +9.09
Genuine Parts Company GPC 77.40 1.98 2.15 2.78% +8.59
The Chubb Corporation CB 86.41 1.64 1.76 2.04% +7.32
Toronto-Dominion Bank (USA) TD 82.09 3.08 3.24 3.83% +5.19
Piedmont Natural Gas Company, Inc. PNY 32.99 1.20 1.24 3.76% +3.33
Triangle Capital Corporation TCAP 28.19 2.12 2.16 7.66% +1.87
UNS Energy Corp UNS 46.89 1.72 1.74 3.71% +1.16

Highlighted in the table is GD, one of the stocks in DivGro. The 9.8% dividend increase is the 16th consecutive annual dividend increase authorized by the board of General Dynamics Corporation. The next quarterly dividend of 56 cents per share will be payed on May 10, 2013, to shareholders of record on April 12.

Full Disclosure: Long GD

2 comments :

  1. That is a nice list of dividend stocks. I hope to pick up some GPC shares at some point. Came very close in the past...

    Cheers

    ReplyDelete
    Replies
    1. Thanks for stopping by! Indeed, GPC looks interesting.

      BTW, your watch list at Compounding Income inspired me to organize my watch list also by sector, helping to spot diversification opportunities.

      Delete

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