Saturday, September 14, 2013

Dividend Increases, Aug/Sep 2013

Regular dividend increases are one of the important factors to consider when evaluating dividend growth stocks. Every month I provide a summary of recent dividend increases for stocks in my watch listWhen a stock's dividend payment is decreased, I'll generally remove it from my watch list. And if I happen to own shares in a stock that decreases its dividend payment, I'll consider selling my shares.

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: Aug 16 - Sep 15, 2013

Company

Ticker
Price
(Sep 13)
Previous
Dividend
New
Dividend
Current
Yield

%Increase
Molex Incorporated
MOLX
38.65 0.88 1.68 4.35% +90.91
Brinker International, Inc.
EAT
41.08 0.80 0.96 2.34%+20.00
Harris Corporation
HRS
57.93 1.48 1.68 2.90% +13.51
Bob Evans Farms Inc
BOBE
54.01 1.10 1.24 2.30% +12.73
Philip Morris International Inc
PM
87.78 3.40 3.76 4.28% +10.59
Altria Group Inc
MO
34.84 1.76 1.92 5.51% +9.09
Atlantic Tele-Network, Inc.
ATNI
50.28 1.00 1.08 2.15% +8.00
New Jersey Resources Corp
NJR
42.63 1.60 1.68 3.94% +5.00
Toronto-Dominion Bank (USA)
TD
87.00 3.24 3.40 3.91% +4.94
Williams Companies, Inc.
WMB
35.93 1.41 1.47 4.08% +3.90
Community Bank System, Inc.
CBU
33.48 1.08 1.12 3.35% +3.70
BHP Billiton Limited
BHP
66.58 2.28 2.36 3.54% +3.51
BHP Billiton plc
BBL
60.16 2.28 2.36 3.92% +3.51
Cincinnati Financial Corporation
CINF
46.56 1.63 1.68 3.61% +3.07
Verizon Communications Inc.
VZ
47.76 2.06 2.12 4.44% +2.91
Tera Pharmaceutical Industries Ltd
TEVA
38.34 1.07 1.09 2.86% +2.02
Realty Income Corp
O
39.20 2.18 2.18 5.57% +0.17
China Mobile Ltd.
CHL
56.15 2.061.97 3.50% -4.58
Smith & Nephew plc
SNN
62.01 1.58 1.02 1.64% -35.44
China Petroleum & Chemical Corp
SNP
78.00 5.13 2.61 3.34% -49.18

Highlighted in the table are BBL and CHL, stocks I own in DivGro.

BBL's modest dividend increase raises its current yield to 3.92%. The next quarterly dividend of $1.18 per share will be payed on September 25, to shareholders of record on September 6.

As is the case with several semi-annual dividend payers, CHL has a pattern of paying one smaller dividend and one larger dividend every year. CHL pays dividends in May and September. The pattern of payments since 2010 looks like this:
( $0.84  $0.82 )   ( $0.92  $0.91 )   ( $1.01  $0.95 )   ( $1.03  $0.98 )
By paying 98 cents this month, CHL actually confirmed a year-on-year dividend increase of 3.84%. The quarterly dividend of 98 cents per share will be paid on October 10, to shareholders of record on September 6.

Both SNN and SNP similarly pay one smaller dividend and one larger dividend every year, so the decreases shown in the table are nothing to be concerned about.

Full Disclosure: Long BBL, CHL

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