Saturday, February 15, 2014

Dividend Increases, February 1-15, 2014

Twice a month, I compile a table of recent dividend increases for stocks in my watch list. I do this to monitor dividend increases for stocks I own in DivGro and to make yield on cost adjustments. For stocks I don't own, monitoring dividend increases is a good way to assess the long-term health of dividend paying companies.

Below is the table of dividend increases announced in the first two weeks of February, sorted by the last column, %Increase. Dividend amounts are annualized.

Dividend Increases: Feb 1 - Feb 15, 2014

Company

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

%Increase
Xilinx, Inc. XLNX 49.89 1.00 1.16 2.33% +16.00
PepsiCo, Inc. PEP 78.09 2.27 2.62 3.36% +15.42
Union Pacific Corporation UNP 118.14 3.16 3.64 3.08% +15.19
Occidental Petroleum Corporation OXY 95.76 2.56 2.88 3.01% +12.50
Enbridge Inc (USA) ENB 43.51 1.26 1.40 3.22% +11.11
Compass Minerals International, Inc. CMP85.99 2.18 2.40 2.79% +10.09
NextEra Energy, Inc. NEE 93.27 2.64 2.90 3.11% +9.85
L-3 Communications Holdings, Inc. LLL 113.50 2.20 2.40 2.11% +9.09
United Parcel Service, Inc. UPS 97.24 2.48 2.68 2.76% +8.06
Hasbro, Inc. HAS 52.82 1.60 1.72 3.26% +7.50
Northeast Utilities System NU 44.97 1.47 1.57 3.49% +6.80
Digital Realty Trust, Inc. DLR 53.39 3.12 3.32 6.22% +6.41
Reynolds American, Inc. RAI 48.21 2.52 2.68 5.56% +6.35
Meredith Corporation MDP 44.02 1.63 1.73 3.93% +6.13
BCE Inc. (USA) BCE 42.84 2.33 2.47 5.77% +6.01
Spectra Energy Partners, LP SEP 47.64 2.07 2.19 4.59% +5.81
Mattel, Inc. MAT 36.65 1.44 1.52 4.15% +5.56
Rogers Communications Inc. (USA) RCI 39.42 1.74 1.83 4.64% +5.17
WGL Holdings Inc WGL 37.38 1.68 1.76 4.71% +4.76
AGL Resources Inc GAS 46.35 1.88 1.96 4.23% +4.26
Owens & Minor, Inc. OMI 35.30 0.96 1.00 2.83% +4.17
Simon Property Group Inc SPG 160.19 4.80 5.00 3.12% +4.17
Teva Pharma. Industries Ltd (ADR) TEVA 44.19 1.11 1.16 2.62% +4.13
Avista Corp AVA 29.84 1.22 1.27 4.26% +4.10
Bemis Company, Inc. BMS 39.05 1.04 1.08 2.77% +3.85
PPL Corporation PPL 31.52 1.47 1.49 4.73% +1.36
Buckeye Partners, L.P. BPL 73.69 4.30 4.35 5.90% +1.16
Boardwalk Pipeline Partners, LP BWP 13.38 2.13 0.40 2.99% -81.22
Previous post: Dividend Increases: Jan 16 - Jan 31, 2014

I own the highlighted stock, Northeast Utilities System (NU), a public utility holding company.

The Board of Trustees of NU approved a quarterly dividend of 39.25¢ per share, payable on March 31, 2014, to shareholders of record as of the close of business on March 3, 2014. The March 2014 dividend represents a 6.8 percent increase over NU’s previous quarterly dividend level. I own 60 shares of NU, so the increase adds $6 to DivGro's projected annual dividend income. 

Boardwalk Pipeline Partners, LP (BWP), an interstate oil pipeline operator, reported weak fourth quarter results and cut its distribution payout by more than 80 percent. Unhappy investors dumped the stock in droves, sending BWP's price down by 46%. I'm removing BWP from my watch list.

Hope you were not one of the unlucky BWP unit holders who got crushed in the stampede!

4 comments :

  1. Pepsico has done a great job. I never expected that they would hike their dividends by 15% or more this year. Wow, that was really fantasic. Let's look at Coke what they will deliver. Thank you for the great overview!

    ReplyDelete
    Replies
    1. You're welcome! And thanks for stopping by.

      Yes, PEP's increase is fantastic, as are all the increases above NU in the table... Looking at those below NU in the table, DLR, RAI, and BCE stand out. Each one yields over 5.5% and has a raise above 6%!

      Delete
    2. Cool list! I own two names on that list, PEP and HAS.

      Delete
    3. Congratulations, Dexter -- both are rewarding you with very nice raises! Thanks for stopping by!

      Delete

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