BKH Dividend Increase

Black Hills ($BKH) increased its quarterly dividend by 4.00%, from 62.5¢ to 65¢ per share.

DivGro's projected annual dividend income will increase by $20.00 to $260.00.

The dividend is payable on 1 March to shareholders of record on 16 February. The ex-dividend date is 15 February.

I own 100 shares of BKH at an average cost basis of $55.00 per share. Following this increase, my yield on cost is 4.73%. (BKH's forward yield is 5.04% at $51.55 per share). 

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Home Run Number 50

This week was special for my DivGro portfolio. I just celebrated DivGro's 49^th Home Run, and I'm back to announce my 50^th Home Run!

If you invest in high-quality dividend growth stocks, then there's rarely a reason to sell your stocks. And if you hold dividend growth stocks long enough, eventually, they'll double your original investment in total returns and become Home Run stocks!

Dividend growth investing is the ultimate Get Rich Slow Scheme. It's boring but beautiful and a perfect example of Slow and Steady wins the Race!

Time in the Market is an admirable goal. In contrast, Timing the Market is a fool's errand. It's impossible to accurately pinpoint a market high or low point, so those who attempt it run the risk of missing periods of exceptional returns. The dividend growth investor reaps the benefits of a strong bull market and a regular income stream even when the bears take over!

Home Run Number 49

I celebrated DivGro's 48^th Home Run on 1 December 2023, and today I'm back to celebrate DivGro's 49^th Home Run!

I label any stock in my DivGro portfolio a Home Runs stock if it doubles my original investment in total returns. 

I've been tracking DivGro's Home Runs since 30 October 2014, when General Dynamics (GD) became my first Home Run stock. 

I celebrate home runs in milestone articles to show how lucrative dividend growth investing can be. Home runs are perfect examples of Slow and Steady winning the Race and demonstrate why I prefer Time in the Market over Timing the Market.

ADM Dividend Increase

Archer-Daniels-Midland ($ADM) announced its next dividend of 50¢ per share, an 11.11% increase over its previous payout of 45¢.

DivGro's projected annual dividend income will increase by $20.00 to $200.00.

The dividend will be paid on 29 February to shareholders of record on 8 February. The ex-dividend date is 7 February. 

I own 100 shares of ADM at an average cost basis of $39.90 per share. Following this increase, my yield on cost is 5.01%. (ADM's forward yield is 3.84% at $52.05 per share). 

ADM became DivGro's 43^rd Home Run stock in March 2022, when the stock doubled my original capital outlay.

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CMCSA Dividend Increase

Comcast ($CMCSA) announced its next dividend of 31¢ per share, a 6.90% increase over its previous payout of $29¢.

DivGro's projected annual dividend income will increase by $40.00 to $620.00.

The dividend will be paid on 24 April to shareholders of record on 3 April. The ex-dividend date is 2 April. 

I own 500 shares of CMCSA at an average cost basis of $37.76 per share. Following this increase, my yield on cost is 3.28%. (CMCSA's forward yield is 2.68% at $46.26 per share). 

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APD Dividend Increase

Air Products and Chemicals ($APD) announced its next dividend of $1.77 per share, a 1.14% increase over its previous payout of $1.75.

DivGro's projected annual dividend income will increase by $8.00 to $708.00.

The dividend will be paid on 13 May to shareholders of record on 1 April. The ex-dividend date is 28 March. 

I own 100 shares of APD at an average cost basis of $253.77 per share. Following this increase, my yield on cost is 2.79%. (APD's forward yield is 2.70% at $261.90 per share). 

APD became DivGro's 25^th Home Run stock in November 2020, when the stock doubled my original capital outlay.

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ELV Dividend Increase

Elevance Health ($ELV) announced its next dividend of $1.63 per share, a 10.14% increase over its previous payout of $1.48.

DivGro's projected annual dividend income will increase by $6.00 to $65.20.

The dividend will be paid on 22 March to shareholders of record on 8 March. The ex-dividend date is 7 March.

I own only 10 shares of ELV at an average cost basis of $288.09 per share. Following this increase, my yield on cost is 2.26%. (ELV's forward yield is 1.35% at $482.55 per share). 

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CNI Dividend Increase

Canadian National Railway ($CNI) announced its next dividend of C$0.845 per share, a 6.96% increase over the company's previous payout of C$0.790.

As a result, DivGro's annual dividend income will increase by approximately $26.05 (after accounting for the exchange rate). 

The dividend is payable on 28 March to shareholders of record at the close of business on 7 March. The ex-dividend date is 6 March.

As with all foreign currency dividends, I'll update DivGro's projected annual dividend income [PADI] when the dividend is paid in March. 

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LNT Dividend Increase

Alliant ($LNT) announced its next dividend of 48¢ per share, a 6.08% increase over its previous payout of 45.25¢.

DivGro's projected annual dividend income will increase by $11.00 to $192.00.

The dividend will be paid on 15 February to shareholders of record on 31 January. The ex-dividend date is 30 January.

I own 100 shares of LNT at an average cost basis of $54.43 per share. Following this increase, my yield on cost is 3.53%. (LNT's forward yield is 3.81% at $50.40 per share). 

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January 2024 Newsletter

Welcome to the January edition of my DivGro 2.0 newsletter!

In these monthly newsletters, I do a quick market recap before reviewing my DivGro portfolio, in this case through 31 December 2023. I also present four top-10 lists of Dividend Radar stocks. 

In December, I closed four positions for purposes of tax-loss harvesting. To make up for the loss of dividends following those closing transactions, I added shares to four existing positions. Additionally, eleven DivGro stocks announced dividend increases in December. The net result of these changes is that DivGro's projected annual dividend income (PADI) increased by about 0.4% to $48,540. Year over year, PADI increased by about 5.8%.

BLK Dividend Increase

Black Hills ($BLK) announced its next dividend of $5.10 per share, a 2.00% increase over its previous payout of $5.00.

DivGro's projected annual dividend income will increase by $14.00 to $714.00.

The dividend will be paid on 22 March to shareholders of record on 7 March. The ex-dividend date is 6 March.

I own 35 shares of BLK at an average cost basis of $395.64 per share. Following this increase, my yield on cost is 5.16%. (BLK's forward yield is 2.55% at $799.60 per share). 

BLK became DivGro's 29^th Home Run stock in January 2021, when the stock doubled my original capital outlay.

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Closing Options Early

In my previous article on Options, I explained how I sell options to generate extra income.

Similar to how my DivGro portfolio generates dividend income, I use my portfolio as leverage to sell options and generate options income. I reinvest both income streams, buying more dividend growth stocks and boosting DivGro’s dividend income stream. 

Since June 2016, I've collected and reinvested more than $100,000 in options income.