Monday, June 30, 2014

Dividend Increases, June 15-30, 2014

The first half of 2014 is behind us! Before I post my next monthly and quarterly reports, I'd like to report on dividend increases announced for stocks in my watch list.

This information helps me track the yield on cost (YoC) of stocks I own, as I need to make YoC adjustments when dividends increases (or decreases) are announced. I also use the information to properly track DivGro's projected annual dividend income.

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

Dividend Increases: June 16-30, 2014


(Jun 30)

John Wiley & Sons Inc JW.A 60.59 1.00 1.161.96% +16.00
China Petrochemical Corp SNP 95.03 3.05 3.47 3.65% +13.71
Syngenta AG SYT 74.80 2.032.28 3.04% +12.29
Medtronic, Inc. MDT 63.76 1.12 1.22 1.91% +8.93
Nippon Telegraph & Telephone  NTT 31.11 0.89 0.832.66% -7.14
Previous post: Dividend Increases: June 1-15, 2014

I own shares of SNP and NTT. Both companies pay semi-annual dividends, one interim dividend and a final dividend at the end of the fiscal year. Shares of both companies trade as ADRs in the United States and represent a specified number of shares in the respective foreign corporations.

• China Petrochemical Corp (SNP) | growth 5 yrs | yield 3.65% @ $95.03 | 5-yr CAGR 19.84%
Established in July 1998 and headquartered in Beijing, China Petrochemical Corporation (a.k.a. Sinoptec Group) is the largest manufacturer and supplier of petroleum and major petrochemical products in China. Recently, SNP paid a dollar equivalent dividend of $2.173 per share. Along with the interim amount of $1.293 per share, the total dividend for the 2013 fiscal year is $3.466 per share. This represents an increase of 13.71% over the total dividend for 2012. Nevertheless, I need to reduce my projected annual dividend income by $1.51, as the final dividend was slightly less than projected.

• Nippon Telegraph & Telephone Corp (NTT) | yield 2.66% @ $31.11 
NTT is a provider of fixed and mobile voice related services, IP/packet communication services, sales of telecommunications equipment, system integration and other telecommunications related services in Japan. NTT is no longer in Dave Fish's CCC list. In dollar equivalent, NTT's dividends have been decreasing. The total dividend for fiscal year 2013 is $0.8307 per share, compared with $0.8946 paid in fiscal year 2013. This represents a decrease of 7.14%. However, I'm increasing my projected annual dividend income by $4.00, as NTT's final dividend was slightly more than projected.

The other dividend increases announced in this period all top 7%:

• John Wiley & Sons Inc (JW.A) growth 20 yrs | yield 1.96% @ $60.59 | 5-yr CAGR 15.34%
JW.A is a global publisher of print and electronic products, providing content and digital solutions to customers worldwide. On June 19, the company declared a dividend of 29¢ per share, payable on July 16 to shareholders of record on July 1. 

• Syngenta AG (SYT) | growth 13 yrs | yield 3.04% @ $74.80 | 5-yr CAGR 16.10%
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 to $2.27587 per share. The dividend is payable on June 30, to shareholders of record on May 2. 

• Medtronic, Inc (DE) | growth 36 yrs | yield 1.91% @ $63.76 | 5-yr CAGR 11.56%
MDT is engaged in medical technology – alleviating pain, restoring health, and extending life for millions of people worldwide. The company declared a quarterly dividend on June 16 of 30.5¢ per share. Shareholders of record on July 3 will receive the dividend payment on July 25. 

I'm not recommending these stocks. Readers should do their own research before buying shares.

Thanks for reading! Do you own shares of any of these companies (or do you plan to buy shares)?


  1. DivGro - Raise are always nice to see. :) Thanks for sharing.

    Of these, we have MDT on our watch list. I can appreciate the company's technological advances and the stable growth pattern. And although the stock may appear fairly price with a P/E at 18, I would prefer to grab shares on a slight dip.

    1. Thanks for stopping by, AFFJ! Agreed -- I like MDT but would like to see it dip before it would interest me. The sub 2% yield is too low for my taste...

      Take care!


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