Wednesday, June 19, 2013

Dividend Increases, May/Jun 2013

Since May 15, the market has cooled down a bit with the S&P 500 decreasing 1.93% and the Dow Jones Industrial Average decreasing 1.35%. While updating my watch list of dividend growth stocks to reflect current yields, I noticed that several stocks moved into higher yield ranges. Current yield rises when a stock's dividend increases or when the stock's price decreases (or both).

In this month's update, I've removed several stocks from my watch list. Some stocks are not dividend growth stocks (although they are dividend payers), while a others have recently decreased their dividend payments. And one company, H.J. Heinz Company (HNZ), has been acquired by Berkshire Hathaway and 3G Capital and so is no longer traded on the stock exchange

I've removed AT, CTL, EXC, NCT, and PBI due to recent dividend decreases. I'm only interested in stocks that consistently increase their dividend payments. For the same reason, I've removed these stocks that do not regularly increase their dividend payments: AGNC, HSKA, IVR, MTB, NLY, PSEC, STB and TWGP.

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: May 16 - Jun 15, 2013

Company

Ticker
Price
(Jun 14)
Previous
Dividend
New
Dividend
Current
Yield

%Increase
Cracker Barrel Old Country Store, Inc.
CBRL
95.94 2.00 3.00 3.13% +50.00
Target Corporation
TGT
69.03 1.44 1.72 2.49%+19.44
Caterpillar Inc.
CAT
83.87 2.08 2.40 2.86% +15.38
Coach, Inc.
COH
58.52 1.20 1.35 2.31% +12.50
Vodafone Group Plc
VOD
28.16 1.50 1.54 5.47% +2.67
Universal Health Realty Income Trust
UHT
45.08 2.48 2.50 5.55% +0.81
Teva Pharmaceutical Industries Ltd
TEVA
39.08 1.07 1.07 2.75% +0.52


Full Disclosure: I don't own any of the stocks mentioned in this post in DivGro 

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