Twice a month, I compile a table recent dividend increases for stocks in my watch list. My main motivation is to keep track of dividend increases for stocks I own in DivGro, in order to make yield on cost adjustments. For other stocks, monitoring dividend increases is a way to track the long-term health of dividend paying companies.
Below is the table of dividend increases announced in the first two weeks of March, sorted by the last column, %Increase. Dividend amounts are annualized.
Dividend Increases: Mar 1 - Mar 15, 2014
|Novo Nordisk A/S (ADR)||NVO||45.81||0.45||0.61||1.34%||+35.24|
|General Dynamics Corporation||GD||108.41||2.24||2.48||2.29%||+10.71|
|General Mills, Inc.||GIS||50.43||1.52||1.64||3.25%||+7.89|
|Silgan Hodlings Inc.||SLGN||48.37||0.56||0.60||1.24%||+7.14|
|Teva Pharma. Industries Ltd (ADR)||TEVA||49.36||1.11||1.17||2.37%||+5.58|
|Realty Income Corp||O||42.44||2.19||2.19||5.16||+0.17|
I own the highlighted stock, defense contractor General Dynamics Corporation (GD). On March 5th, the board of directors of GD declared a regular quarterly dividend of 62¢ per share, payable May 9, 2014, to shareholders of record on April 11. This raises GD's dividend by 10.71% from the previous quarterly dividend of 56¢ per share. With this dividend increase, GD has now increased its dividend for 17 consecutive years. The increase raises DivGro's projected annual dividend income by $8.40.
Do you own GD? It has been DivGro's best performer, having increased 58% since I bought 35 shares about a year ago (March 1, 2013). Thanks for reading – and feel free comment below...