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Saturday, May 31, 2014

Dividend Increases, May 17-31, 2014

Time again to report on dividend increases announced for stocks in my watch list. I compile this information to see if any of my DivGro stocks have raised their dividends so I can make yield on cost (YoC) adjustments and properly track DivGro's projected annual dividend income. Another reason is to review dividend increases for stocks I don't own.

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

Dividend Increases: May 17 - May 31, 2014


(May 30)

Deere & Company DE 91.17 2.04 2.40 2.63% +17.65
Northrup Grumman Corporation NOC 121.55 2.44 2.802.30% +14.75
Bunge Ltd BG 77.71 1.20 1.36 1.75% +13.33
Tiffany & Co TIF 99.41 1.36 1.52 1.53% +11.76
Flowers Foods, Inc. FLO 20.85 0.45 0.48 2.30% +6.67
Republic Bancorp, Inc. KY RBCAA 23.25 0.700.75 3.22% +6.25
Williams Companies, Inc. WMB 46.96 1.61 1.703.62% +5.59
Seadrill Ltd. SDRL 38.00 3.92 4.00 10.53% +2.04
Previous post: Dividend Increases: May 1 - May 16, 2014

I recently bought shares in the SDRL:

• Seadrill Ltd (SDRL) | growth 5 yrs | yield 10.53% @ $38.00 | 5-yr CAGR 19.88%

Established in 2005 as a Bermuda-based company, Seadrill Limited (SDLR) is an offshore deepwater drilling contractor providing worldwide services to the oil and gas industry. On Thursday, May 29, the company declared a new quarterly dividend of $1 per share. The dividend is payable on June 19 to shareholders of record on June 12. This increase adds $5.76 to DivGro's projected annual dividend income.

Several increases announced in this period top 7%:

• Deere & Company (DE) | growth 10 yrs | yield 2.63% @ $91.17 | 5-yr CAGR 13.4%
DE is one of the worlds foremost producers of agricultural equipment. It is also a leading manufacturer of construction, forestry, and commercial and consumer equipment. DE's board of directors approved an increase in its quarterly dividend to 60¢ per share, an increase of 9¢ per share or nearly 18%. The dividend is payable on 1 August to stockholders of record on June 30. 

• Northrup Grumman Corp (NOC) | growth 10 yrs | yield 2.30% @ $121.55 | 5-yr CAGR 10.9%
NOC is a leading global security company providing systems, products and solutions in unmanned systems, cyber and logistics and modernization to government and commercial customers. On May 21, the board of directors of NOC declared a quarterly dividend of 70¢ per share, an increase of nearly 15%. The dividend is payable on June 18, to shareholders of record on June 2. 

• Bunge Ltd (BG) | growth 12 yrs | yield 1.75% @ $77.71 | 5-yr CAGR 9.6%
BG is a leading global agribusiness and food company operating in more than 40 countries. On May 22, the company's board of directors approved an increase in the company's quarterly dividend, from 30¢ to 34¢ per share. The dividend is payable on September 2 to shareholders of record at the close of business on August 19. 

• Tiffany & Co (TIF) | growth 11 yrs | yield 1.53% @ $99.41 | 5-yr CAGR 15.6%
TIF is a holding company that operates through its subsidiary companies. Its principle product category is jewelry. On May 22, the board of directors declared a quarterly dividend of 38¢ per share, payable on July 10 to shareholders of record on June 20. The new dividend represents an increase of 11.76%.

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)?

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