Friday, May 17, 2013

Dividend Increases, Apr/May 2013

It is mid-month and time again to update my watch list of dividend growth stocks to reflect current yields. With the market steaming higher, current yields are compressing. Since April 15, the market increased 4.40% (as measured by the S&P 500) and by 2.76% (as measured by the Dow Jones Industrial Average).

Dividend increases tend to counterbalance the influence of a rising market on current yields. When a company increases its dividend payment, its current yield increases. How much the yield changes depends on the size of the dividend increase and on the market's reaction to the increase. If the market response is positive, the stock's price would increase and so limit the increase in current yield. 

The following table provides a summary of recent dividend increases for stocks in my watch list, sorted by the last column, %Increase. Dividend amounts are annualized. 



Dividend Increases: Apr 15 - May 15, 2013

Company

Ticker
Price
(May 15)
Previous
Dividend
New
Dividend
Current
Yield

%Increase
Wells Fargo & Company
WFC
39.30 1.00 1.20 3.05% +20.00
Ameriprise Financial Inc.
AMP
81.54 1.80 2.08 2.55%+15.56
Safeway Inc.
SWY
25.47 0.70 0.80 3.14% +14.29
Chevron Corporation
CVX
123.01 3.60 4.00 3.25% +11.11
Northrop Grumman Corp
NOC
79.43 2.20 2.44 3.07% +10.91
Exxon Mobil Corporation
XOM
91.24 2.28 2.52 2.76% +10.53
Travelers Companies
TRV
87.78 1.84 2.00 2.28% +8.70
Johnson & Johnson
JNJ
87.64 2.44 2.64 3.01% +8.20
CSX Corp.
CSX
25.90 0.56 0.60 2.32% +7.14
Procter & Gamble Co.
PG
80.68 2.25 2.41 2.98% +7.03
Reynolds American Inc.
RAI
49.29 2.36 2.52 5.11% +6.78
Chesapeake Utilities Corporation
CPK
54.95 1.46 1.54 2.80% +5.48
Sunoco Logistics Partners L.P.
SXL
62.94 2.18 2.29 3.64% +5.05
Southside Bancshares Inc.
SBSI
21.88 0.76 0.80 3.66% +4.99
E.I. du Pont de Nemours and Company
DD
55.55 1.72 1.80 3.24% +4.65
Southern Company
SO
46.66 1.96 2.03 4.35% +3.57
Kinder Morgan, Inc.
KMI
40.20 1.48 1.52 3.78% +2.70
Omega Healthcare Investors Inc.
OHI
36.54 1.80 1.84 5.04% +2.22
Energy Transfer Equity, L.P.
ETE
59.31 2.542.58 4.35% +1.57
Peoples's United Financial Inc.
PBCT
13.84 0.64 0.65 4.70% +1.56
Kinder Morgan Energy Partners LP
KMP 
89.17 5.16 5.20 5.83% +0.78
Exelon Corp.
EXC 
35.19 2.10 1.24 3.52% -40.95

Highlighted in the table is CVX, one of the stocks in DivGro. The next cash dividend payment is scheduled to be paid on June 10, 2013.

Full Disclosure: Long CVX

2 comments :

  1. Thanks for posting this.

    The worst decision I ever made was picking up BWP instead of SXL(which was the other choice I had in mind). SXL has almost tripled, BWP went nowhere :(

    Just a heads up, on your watch list page you have MAT listed in the technology sector. Think you meant AMAT?

    Cheers!

    ReplyDelete
    Replies
    1. Thanks for the heads-up -- I fixed the mistake.

      As far as SXL and BWP are concerned, I can see your pain... a 5-yr comparison on Google Finance makes what you're saying abundantly clear!

      Delete

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