Twice a month, I compile a table recent dividend increases for stocks in my watch list. My main motivation is to keep track of dividend increases for stocks I own in DivGro, in order to make yield on cost adjustments. For other stocks, monitoring dividend increases is a way to track the long-term health of dividend paying companies.
Below is the table of dividend increases announced in the first two weeks of March, sorted by the last column, %Increase. Dividend amounts are annualized.
Dividend Increases: Mar 1 - Mar 15, 2014
Company |
Ticker |
Price (Mar 17) |
Previous Dividend |
New Dividend |
Current Yield |
%Increase |
| Novo Nordisk A/S (ADR) | NVO | 45.81 | 0.45 | 0.61 | 1.34% | +35.24 |
| General Dynamics Corporation | GD | 108.41 | 2.24 | 2.48 | 2.29% | +10.71 |
| General Mills, Inc. | GIS | 50.43 | 1.52 | 1.64 | 3.25% | +7.89 |
| Silgan Hodlings Inc. | SLGN | 48.37 | 0.56 | 0.60 | 1.24% | +7.14 |
| Williams-Sonoma, Inc. | WSM | 66.76 | 1.24 | 1.32 | 1.98% | +6.45 |
| Colgate-Palmolive Company | CL | 64.40 | 1.36 | 1.44 | 2.24% | +5.88 |
| Teva Pharma. Industries Ltd (ADR) | TEVA | 49.36 | 1.11 | 1.17 | 2.37% | +5.58 |
| Realty Income Corp | O | 42.44 | 2.19 | 2.19 | 5.16 | +0.17 |
I own the highlighted stock, defense contractor General Dynamics Corporation (GD). On March 5th, the board of directors of GD declared a regular quarterly dividend of 62¢ per share, payable May 9, 2014, to shareholders of record on April 11. This raises GD's dividend by 10.71% from the previous quarterly dividend of 56¢ per share. With this dividend increase, GD has now increased its dividend for 17 consecutive years. The increase raises DivGro's projected annual dividend income by $8.40.
Do you own GD? It has been DivGro's best performer, having increased 58% since I bought 35 shares about a year ago (March 1, 2013). Thanks for reading – and feel free comment below...
Thats a nice pay rise, DivGro. I have been searching for stocks in the industrial sector as I am underinvested in the sector. I need to look into defense contractors as I havent looked into them closely. Thats a decent yield to start with at GD.
ReplyDeleteregards
R2R
With GD having risen 58% in the last year, I'd look at its valuation with a skeptical eye. I'm not saying the company is overvalued here, 'cause I haven't done an analysis recently -- I'm just saying, do your due diligence :-)
DeleteGood luck!
A few names from my portfolio. =) I would like to own GD, but with the recent rise in price I am very hesitant.
ReplyDeleteYes, I would be hesitant, too. I'm not yet at the point where I'm adding to existing portfolio holdings, so I'm quite enjoying the capital gains of GD and some of DivGro's other stocks.
DeleteCheers!