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Friday, November 29, 2013

Dividend Increases, November 16-30, 2013

Until recently, I've reported dividend adjustments for stocks in my watch list mid-month, every
month. I compile information for the post from a screening feature available to subscribers at Dividend.com. Unfortunately, there's no easy way to screen my entire watch list in one go, so I have to do a lot of manual work. It takes at least 2 hours to do a month's worth of announcements. To reduce the time I spend per post, I've decided to increase the frequency of my posts. In future, I'll report dividend adjustments twice monthly, mid-month and end-of-month.

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: Nov 16 - Nov 30, 2013

Company

Ticker
Price
(Nov 29)
Previous
Dividend
New
Dividend
Current
Yield

%Increase
Main Street Capital Corporation MAIN 32.95 1.92 3.00 9.10% +56.25
Becton, Dickinson and Co. BDX 108.59 1.98 2.18 2.01% +10.10
South Jersey Industries Inc SJI 56.70 1.77 1.89 3.33% +6.78
Williams Companies, Inc. WMB 35.22 1.47 1.52 4.32% +3.75
Merck & Co., Inc. MRK 49.83 1.72 1.76 3.53% +2.33
Teva Pharmaceutical Industries Ltd TEVA 40.76 1.09 1.11 2.72% +1.42
NTT Docomo Inc DCM 16.07 0.63 0.603.73% -4.61

DCM is a semi-annual dividend payer with a pattern of paying one smaller and one larger dividend every year. The pattern of payments since 2010 looks like this:
( $0.284  $0.310 )   ( $0.324  $0.364 )   ( $0.352  $0.368 )   ( $0.314  $0.300 )
It is clear from the last two dividend adjustments that DCM has reduced its annual dividend payment over last year, so I'm removing it from my watch list.

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