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Wednesday, October 16, 2013

Dividend Increases, Sep/Oct 2013

Time again for my mid-month post on recent dividend increases for stocks in my watch list!

Regular dividend increases are important for a dividend growth portfolio. The main goal of DivGro is to generate a reliable and growing dividend income stream. Reliable income comes from stable companies that not only pay dividends regularly, but can be counted on to pay the same (or increasing) dividends over time. Of course, I prefer companies that increase their dividends over time. To do so, these companies must grow their earnings sufficiently to continue to afford their growing dividend payments.

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: Sep 16 - Oct 15, 2013


(Oct 15)

Diageo Plc DEO 123.05 2.21 3.79 3.08% +71.43
Microsoft Corporation MSFT 34.49 0.92 1.12 3.25% +21.74
Lockheed Martin Corporation LMT 125.90 4.60 5.32 4.23% +15.65
Accenture Plc ACN 71.60 1.62 1.86 2.60% +14.81
United Technologies Corporation UTX 105.80 2.14 2.36 2.23% +10.09
Texas Instruments Incorporated TXN 40.25 1.12 1.20 2.98% +7.14
RPM International Inc. RPM 36.87 0.90 0.96 2.60% +6.67
McDonald's Corporation MCD 93.80 3.08 3.24 3.45% +5.19
Toronto-Dominion Bank TD 88.92 3.24 3.40 3.82% +4.94
W.P. Carey Inc. WPC 65.49 3.36 3.44 5.25% +2.38
Omega Healthcare Investors Inc OHI 31.72 1.88 1.92 6.05% +2.13
Northwest Natural Gas Co NWN 41.43 1.82 2.36 3.54% +3.51
Healthcare Services Group, Inc. HCSG 26.11 0.68 0.68 2.60% +0.74

Highlighted are stocks I own in DivGro.

DEO is a semi-annual dividend payer with a pattern of paying one smaller and one larger dividend every year. Compared with last year's second payment, the increase is a more modest 4.98%.

MSFT's dividend increase of nearly 22% raises current yield to 3.25%. The next quarterly dividend of 28c per share will be payed on December 12, to shareholders of record on November 19. This increase adds $16 to DivGro's projected annual dividend income, and raises yield on cost to 3.53%.

Full Disclosure: Long CHL, MSFT

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