Wednesday, January 1, 2014

Dividend Increases, December 16-31, 2013

Happy new year!

I have several posts lined-up for the new year, but first I want to report on recent dividend increases for stocks in my watch list. I compile this information from a screening feature available to subscribers at Dividend.com. Monitoring dividend increases over time is one way to assess the long-term health of dividend paying companies.

As announced last time, I'm increasing the frequency of my posts reporting dividend adjustments. I'll be posting these twice a month, mid-month and end-of-month. Doing so reduces the time I spend compiling each post and provides the information in a more timely fashion.

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: Dec 16 - Dec 31, 2013

Company

Ticker
Price
(Dec 31)
Previous
Dividend
New
Dividend
Current
Yield

%Increase
3M Company MMM 140.25 2.54 3.42 2.44% +34.65
Archer Daniels Midland Company ADM 43.40 0.76 0.96 2.21% +26.32
General Electric Company GE 28.03 0.76 0.88 3.14% +15.79
Pfizer Inc. PFE 30.63 0.96 1.043.40% +8.33
Bristol-Myers Squibb Co BMY 53.15 1.40 1.442.71%+2.86
Toronto-Dominion Bank TD 94.24 1.70 1.72 1.83% +1.18
Realty Income Corp O 37.33 2.18  2.195.86% +0.17
NV Energy Inc NVE 23.74 0.76 0.000.00% -100.00
See also: Dividend Increases: Dec 1 - Dec 15, 2013

I don't own any of these stocks in DivGro.

3M (MMM), Archer Daniels Midland (ADM), General Electric (GE), and Pfizer (PFE) announced strong dividend increases:
  • MMM announced a dividend increase of nearly 35% on December 17th. The dividend is payable March 12, 2014, to stockholders of record on February 12, 2014. 
  • ADM's dividend increase of 26% raises the quarterly dividend to 24c per share. The dividend is payable on March 13, 2014, to stockholders of record on February 18, 2014. 
  • On December 13, GE increased its quarterly dividend by 15.8% to 22c per share. The dividend is payable on January 27, 2014, to stockholders of record on December 23, 2013. 
  • PFE, a biopharmaceutical company, raised its quarterly dividend to 26c per share, and increase of 8.3%. The dividend is payable on March 4, 2014, to stockholders of record on February 5, 2014. 
NV Energy Inc (NVE) has been acquired by MidAmerican Energy Holdings Co, so I'm removing NVE from my watch list.

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