I have several posts lined-up for the new year, but first I want to report on recent dividend increases for stocks in my watch list. I compile this information from a screening feature available to subscribers at Dividend.com. Monitoring dividend increases over time is one way to assess the long-term health of dividend paying companies.
As announced last time, I'm increasing the frequency of my posts reporting dividend adjustments. I'll be posting these twice a month, mid-month and end-of-month. Doing so reduces the time I spend compiling each post and provides the information in a more timely fashion.
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: Dec 16 - Dec 31, 2013
Company |
Ticker |
Price (Dec 31) |
Previous Dividend |
New Dividend |
Current Yield |
%Increase |
| 3M Company | MMM | 140.25 | 2.54 | 3.42 | 2.44% | +34.65 |
| Archer Daniels Midland Company | ADM | 43.40 | 0.76 | 0.96 | 2.21% | +26.32 |
| General Electric Company | GE | 28.03 | 0.76 | 0.88 | 3.14% | +15.79 |
| Pfizer Inc. | PFE | 30.63 | 0.96 | 1.04 | 3.40% | +8.33 |
| Bristol-Myers Squibb Co | BMY | 53.15 | 1.40 | 1.44 | 2.71% | +2.86 |
| Toronto-Dominion Bank | TD | 94.24 | 1.70 | 1.72 | 1.83% | +1.18 |
| Realty Income Corp | O | 37.33 | 2.18 | 2.19 | 5.86% | +0.17 |
| NV Energy Inc | NVE | 23.74 | 0.76 | 0.00 | 0.00% | -100.00 |
I don't own any of these stocks in DivGro.
3M (MMM), Archer Daniels Midland (ADM), General Electric (GE), and Pfizer (PFE) announced strong dividend increases:
- MMM announced a dividend increase of nearly 35% on December 17th. The dividend is payable March 12, 2014, to stockholders of record on February 12, 2014.
- ADM's dividend increase of 26% raises the quarterly dividend to 24c per share. The dividend is payable on March 13, 2014, to stockholders of record on February 18, 2014.
- On December 13, GE increased its quarterly dividend by 15.8% to 22c per share. The dividend is payable on January 27, 2014, to stockholders of record on December 23, 2013.
- PFE, a biopharmaceutical company, raised its quarterly dividend to 26c per share, and increase of 8.3%. The dividend is payable on March 4, 2014, to stockholders of record on February 5, 2014.
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