Saturday, April 19, 2014

Dividend Increases, April 1-15, 2014

Twice a month, I compile a table recent dividend increases for stocks in my watch list. I like to keep track of dividend increases for stocks I own in DivGro so I can make Yield on Cost (YoC) adjustments. For other stocks in my watch list, dividend increases can be a trigger for looking more carefully at particular candidates.

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

Dividend Increases: April 1–15, 2014

Company

Ticker
Price
(Mar 17)
Previous
Dividend
New
Dividend
Current
Yield

%Increase
QUALCOMM, Inc. QCOM 81.32 1.40 1.68 2.07% +20.00
Syngenta AG (ADR) SYT 78.14 2.03 2.27 2.90% +11.88
The Procter & Gamble Company PG 81.76 2.41 2.57 3.15% +7.00
CSX Corporation CSX 28.15 0.60 0.64 2.27% +6.67
Previous post: Dividend Increases: March 16-31, 2014

I don't own any of the above-mentioned stocks in DivGro.

• QUALCOMM, Inc (QCOM) | growth 12 yrs | yield 2.07% @ $81.32 | 5-yr CAGR 16.0%
QCOM is one of the leading developers of advanced wireless technologies and a major supplier of chips to leading smart device manufacturers.  QCOM declared a quarterly dividend of 42¢ per share, payable on June 25, to stockholders of record on June 4. The ex-dividend date is June 2.

• Syngenta AG (SYT) | growth 12 yrs | yield 2.90% @ $78.14 | 5-yr CAGR 15.9%
SYT is an agribusiness involved in the discovery, development, manufacture and marketing of products designed to improve crop yields and food quality. Recently, SYT increased its annual dividend from $2.0267 to $2.26757 per share. The dividend is payable on June 30, to shareholders of record on May 2. 

• The Procter & Gamble Company | growth 57 yrs | yield 3.15% @ $81.76 | 5-yr CAGR 8.8%
Based in Cincinnati, Ohio, PG, together with is subsidiaries, manufactures and sells branded consumer packaged goods. On April 7, the company announced a quarterly dividend increase of 4.21¢ per share, boosting its upcoming dividend payment to 64.36¢ per share. The dividend is payable on May 15 to shareholders of record on April 23. 

• CSX Corporation | growth 9 yrs | yield 2.27% @ $28.15 | 5-yr CAGR 18.1%
Based in Jacksonville, Florida, CSX provides rail-based transportation services in the United States and Canada. On April 15, the company increased its quarterly dividend to 16¢ a share, payable on June 13, to shareholders of record on May 28. CSX has increased its dividend 11 times over the past 8 years, representing a compound annual growth rate of 20% over that period. 

I'm not recommending any of these stocks, but encourage readers to do their own research before buying shares.

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